Olympiad Research LP Makes New $108,000 Investment in SkyWater Technology, Inc. (NASDAQ:SKYT)

Olympiad Research LP purchased a new position in SkyWater Technology, Inc. (NASDAQ:SKYTFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,176 shares of the company’s stock, valued at approximately $108,000.

Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in SkyWater Technology in the 4th quarter worth $42,000. Blue Trust Inc. purchased a new stake in shares of SkyWater Technology during the 4th quarter valued at about $72,000. Kestra Private Wealth Services LLC purchased a new stake in shares of SkyWater Technology during the 3rd quarter valued at about $72,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of SkyWater Technology during the 3rd quarter valued at about $72,000. Finally, Barclays PLC raised its position in shares of SkyWater Technology by 549.4% during the 3rd quarter. Barclays PLC now owns 22,807 shares of the company’s stock valued at $137,000 after buying an additional 19,295 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

In other SkyWater Technology news, Director Gregory B. Graves sold 5,432 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $8.10, for a total value of $43,999.20. Following the transaction, the director now directly owns 14,844 shares in the company, valued at approximately $120,236.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Loren A. Unterseher sold 368,709 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $12.14, for a total value of $4,476,127.26. Following the completion of the sale, the director now owns 13,022,293 shares of the company’s stock, valued at approximately $158,090,637.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory B. Graves sold 5,432 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $8.10, for a total transaction of $43,999.20. Following the completion of the sale, the director now directly owns 14,844 shares of the company’s stock, valued at approximately $120,236.40. The disclosure for this sale can be found here. Insiders have sold 384,661 shares of company stock worth $4,641,106 in the last three months. Corporate insiders own 42.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SKYT. TD Cowen upped their target price on shares of SkyWater Technology from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Needham & Company LLC decreased their target price on shares of SkyWater Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Craig Hallum decreased their target price on shares of SkyWater Technology from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Piper Sandler upped their target price on shares of SkyWater Technology from $9.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th.

Check Out Our Latest Stock Analysis on SkyWater Technology

SkyWater Technology Price Performance

Shares of SKYT stock opened at $7.62 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.96. The company’s 50-day simple moving average is $9.22 and its two-hundred day simple moving average is $9.10. SkyWater Technology, Inc. has a one year low of $4.73 and a one year high of $12.97.

SkyWater Technology (NASDAQ:SKYTGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The company had revenue of $79.64 million during the quarter, compared to the consensus estimate of $80.00 million. SkyWater Technology had a negative return on equity of 32.59% and a negative net margin of 10.73%. On average, sell-side analysts anticipate that SkyWater Technology, Inc. will post -0.5 EPS for the current year.

SkyWater Technology 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.

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Institutional Ownership by Quarter for SkyWater Technology (NASDAQ:SKYT)

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