Allworth Financial LP Makes New $41,000 Investment in SkyWater Technology, Inc. (NASDAQ:SKYT)

Allworth Financial LP purchased a new position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,500 shares of the company’s stock, valued at approximately $41,000.

A number of other large investors also recently bought and sold shares of the stock. Cetera Advisors LLC raised its stake in SkyWater Technology by 9.3% during the first quarter. Cetera Advisors LLC now owns 21,391 shares of the company’s stock worth $218,000 after purchasing an additional 1,816 shares during the period. Victory Capital Management Inc. raised its stake in shares of SkyWater Technology by 4.2% in the 2nd quarter. Victory Capital Management Inc. now owns 95,150 shares of the company’s stock valued at $728,000 after acquiring an additional 3,850 shares during the period. XTX Topco Ltd raised its stake in shares of SkyWater Technology by 19.5% in the 2nd quarter. XTX Topco Ltd now owns 30,836 shares of the company’s stock valued at $236,000 after acquiring an additional 5,038 shares during the period. nVerses Capital LLC purchased a new position in shares of SkyWater Technology in the 3rd quarter valued at $60,000. Finally, Rhumbline Advisers raised its stake in shares of SkyWater Technology by 36.3% in the 2nd quarter. Rhumbline Advisers now owns 32,764 shares of the company’s stock valued at $251,000 after acquiring an additional 8,731 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Activity

In other SkyWater Technology news, Director Loren A. Unterseher sold 2,673 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $10.00, for a total value of $26,730.00. Following the completion of the transaction, the director now owns 13,019,620 shares in the company, valued at approximately $130,196,200. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.55% of the company’s stock.

SkyWater Technology Price Performance

Shares of SKYT stock opened at $9.80 on Friday. The firm has a market cap of $465.30 million, a P/E ratio of -18.15 and a beta of 3.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.90 and a quick ratio of 0.79. SkyWater Technology, Inc. has a 1-year low of $5.11 and a 1-year high of $12.97. The firm has a fifty day moving average of $9.27 and a two-hundred day moving average of $8.57.

SkyWater Technology (NASDAQ:SKYT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.12. SkyWater Technology had a negative net margin of 7.88% and a negative return on equity of 21.68%. The company had revenue of $93.33 million during the quarter, compared to analyst estimates of $82.50 million. As a group, research analysts anticipate that SkyWater Technology, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler raised their target price on shares of SkyWater Technology from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, October 25th.

SkyWater Technology Company Profile

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.