Quarry LP Invests $35,000 in SkyWater Technology, Inc. (NASDAQ:SKYT)

Quarry LP bought a new stake 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. The institutional investor bought 3,841 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in SkyWater Technology in the 3rd quarter worth about $222,000. Quantbot Technologies LP purchased a new position in shares of SkyWater Technology during the third quarter worth approximately $120,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of SkyWater Technology by 20.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 199,318 shares of the company’s stock valued at $1,810,000 after purchasing an additional 34,383 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in SkyWater Technology in the third quarter worth approximately $202,000. Finally, Olympiad Research LP bought a new position in SkyWater Technology in the third quarter worth approximately $126,000. Institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

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

SkyWater Technology Trading Up 1.0 %

Shares of SKYT stock opened at $9.20 on Thursday. The company has a 50-day moving average of $9.12 and a two-hundred day moving average of $8.51. SkyWater Technology, Inc. has a 1-year low of $5.63 and a 1-year high of $12.97. The firm has a market cap of $438.44 million, a PE ratio of -26.29 and a beta of 3.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78.

SkyWater Technology 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.