Charles Schwab Investment Management Inc. Has $1.81 Million Stock Position in SkyWater Technology, Inc. (NASDAQ:SKYT)

Charles Schwab Investment Management Inc. boosted its holdings in shares of SkyWater Technology, Inc. (NASDAQ:SKYT) by 20.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,318 shares of the company’s stock after purchasing an additional 34,383 shares during the period. Charles Schwab Investment Management Inc.’s holdings in SkyWater Technology were worth $1,810,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. nVerses Capital LLC bought a new stake in shares of SkyWater Technology during the 3rd quarter worth $60,000. AQR Capital Management LLC raised its stake in SkyWater Technology by 183.6% during the second quarter. AQR Capital Management LLC now owns 119,828 shares of the company’s stock worth $917,000 after acquiring an additional 77,571 shares in the last quarter. Lountzis Asset Management LLC bought a new position in shares of SkyWater Technology in the second quarter worth about $2,212,000. Baillie Gifford & Co. boosted its stake in shares of SkyWater Technology by 4.4% in the 2nd quarter. Baillie Gifford & Co. now owns 1,007,449 shares of the company’s stock valued at $7,707,000 after purchasing an additional 42,649 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of SkyWater Technology during the 2nd quarter valued at approximately $88,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SKYT shares. Needham & Company LLC reissued a “buy” rating and issued a $12.00 price objective on shares of SkyWater Technology in a research note on Monday, November 11th. Piper Sandler increased their price target on 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 Stock Up 10.9 %

NASDAQ:SKYT opened at $10.16 on Tuesday. 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, Inc. has a one year low of $5.63 and a one year high of $12.97. The firm’s 50 day simple moving average is $9.18 and its 200 day simple moving average is $8.55. The company has a market cap of $484.23 million, a PE ratio of -29.03 and a beta of 3.72.

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.