XTX Topco Ltd Sells 5,186 Shares of SkyWater Technology, Inc. (NASDAQ:SKYT)

XTX Topco Ltd reduced its stake in SkyWater Technology, Inc. (NASDAQ:SKYT) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,650 shares of the company’s stock after selling 5,186 shares during the quarter. XTX Topco Ltd’s holdings in SkyWater Technology were worth $233,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of SkyWater Technology by 4.7% during the third quarter. State Street Corp now owns 473,475 shares of the company’s stock worth $4,299,000 after buying an additional 21,134 shares in the last quarter. Quarry LP bought a new position in SkyWater Technology during the third quarter worth about $35,000. Point72 Asset Management L.P. bought a new stake in SkyWater Technology in the 3rd quarter valued at about $222,000. Quantbot Technologies LP acquired a new position in shares of SkyWater Technology during the 3rd quarter worth approximately $120,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of SkyWater Technology by 20.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 199,318 shares of the company’s stock worth $1,810,000 after purchasing an additional 34,383 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SKYT has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of SkyWater Technology in a research note 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 research report on Friday, October 25th.

SkyWater Technology Stock Performance

NASDAQ SKYT opened at $12.44 on Friday. The firm’s 50 day simple moving average is $9.46 and its 200 day simple moving average is $8.66. The firm has a market capitalization of $592.84 million, a price-to-earnings ratio of -35.54 and a beta of 3.72. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. SkyWater Technology, Inc. has a 1 year low of $5.63 and a 1 year high of $19.00.

Insiders Place Their Bets

In other SkyWater Technology news, Director Loren A. Unterseher sold 7,761 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the completion of the transaction, the director now owns 12,806,264 shares of the company’s stock, valued at approximately $118,714,067.28. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.55% of the company’s stock.

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.