Quantbot Technologies LP Buys Shares of 13,182 SkyWater Technology, Inc. (NASDAQ:SKYT)

Quantbot Technologies LP purchased a new position in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,182 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC grew its holdings in SkyWater Technology by 9.3% during the 1st quarter. Cetera Advisors LLC now owns 21,391 shares of the company’s stock worth $218,000 after acquiring an additional 1,816 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of SkyWater Technology by 4.2% during the second quarter. Victory Capital Management Inc. now owns 95,150 shares of the company’s stock worth $728,000 after purchasing an additional 3,850 shares during the period. Allworth Financial LP bought a new stake in shares of SkyWater Technology in the third quarter worth $41,000. XTX Topco Ltd increased its holdings in SkyWater Technology by 19.5% in the second quarter. XTX Topco Ltd now owns 30,836 shares of the company’s stock valued at $236,000 after purchasing an additional 5,038 shares during the period. Finally, nVerses Capital LLC bought a new position in SkyWater Technology during the 3rd quarter worth $60,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

SkyWater Technology Stock Performance

Shares of SKYT opened at $9.32 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $9.08 and its two-hundred day simple moving average is $8.48. SkyWater Technology, Inc. has a 12 month low of $5.63 and a 12 month high of $12.97. The stock has a market capitalization of $444.15 million, a P/E ratio of -26.34 and a beta of 3.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SKYT shares. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of SkyWater Technology in a research report on Monday, November 11th. Piper Sandler upped their target price on SkyWater Technology from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, October 25th.

About SkyWater Technology

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.