2 weeks Ago By ABMN Staff
Rhumbline Advisers boosted its stake in shares of SkyWater Technology, Inc. ( NASDAQ:SKYT – Free Report ) by 36.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 32,764 shares of the company’s stock after purchasing an additional 8,731 shares during the quarter. Rhumbline Advisers owned approximately 0.07% of SkyWater Technology worth $251,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of SKYT. Baillie Gifford & Co. boosted its holdings in SkyWater Technology by 4.
4% in the second 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.
Cetera Advisors LLC boosted its holdings in shares of SkyWater Technology by 9.3% in the 1st quarter. Cetera Advisors LLC now owns 21,391 shares of the company’s stock valued at $218,000 after buying an additional 1,816 shares in the last quarter.
Janney Montgomery Scott LLC purchased a new position in shares of SkyWater Technology in the 1st quarter valued at $119,000. Allspring Global Investments Holdings LLC raised its stake in SkyWater Technology by 98,866.7% during the 2nd quarter.
Allspring Global Investments Holdings LLC now owns 11,876 shares of the company’s stock worth $91,000 after acquiring an additional 11,864 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in SkyWater Technology by 2.1% during the 4th quarter.
Gabelli Funds LLC now owns 61,202 shares of the company’s stock worth $589,000 after acquiring an additional 1,275 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.
SkyWater Technology Stock Performance SkyWater Technology stock opened at $9.04 on Friday. SkyWater Technology, Inc.
has a 12-month low of $4.73 and a 12-month high of $12.97.
The company has a debt-to-equity ratio of 0.66, a current ratio of 0.90 and a quick ratio of 0.
79. The company has a market capitalization of $429.22 million, a price-to-earnings ratio of -13.
10 and a beta of 3.96. The firm’s fifty day moving average price is $8.
55 and its 200 day moving average price is $8.64. Insider Activity In other SkyWater Technology news, Director Loren A.
Unterseher sold 2,673 shares of SkyWater Technology stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $10.00, for a total value of $26,730.
00. Following the transaction, the director now owns 13,019,620 shares in the company, valued at $130,196,200. The transaction was disclosed in a document filed with the SEC, which is available at this link .
42.55% of the stock is owned by insiders. Wall Street Analysts Forecast Growth Separately, Piper Sandler dropped their price target on SkyWater Technology from $14.
00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. View Our Latest Research Report on SkyWater Technology SkyWater Technology Company Profile ( Free Report ) 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. Read More Receive News & Ratings for SkyWater Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWater Technology and related companies with MarketBeat.com's FREE daily email newsletter .
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