Connor Clark & Lunn Investment Management Ltd. Invests $202,000 in SkyWater Technology, Inc. (NASDAQ:SKYT)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in SkyWater Technology, Inc. (NASDAQ:SKYT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,220 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of SkyWater Technology in the third quarter valued at approximately $41,000. nVerses Capital LLC bought a new position in SkyWater Technology in the 3rd quarter worth approximately $60,000. The Manufacturers Life Insurance Company acquired a new stake in SkyWater Technology in the 2nd quarter valued at approximately $88,000. 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 valued at $91,000 after acquiring an additional 11,864 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in SkyWater Technology during the 3rd quarter valued at $126,000. 70.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on SKYT shares. Needham & Company LLC reissued a “buy” rating and set a $12.00 price target on shares of SkyWater Technology in a report on Monday, November 11th. Piper Sandler increased their target price on shares of 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

Shares of NASDAQ SKYT opened at $7.94 on Monday. 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 $378.42 million, a P/E ratio of -22.69 and a beta of 3.92. The stock has a fifty day moving average price of $9.13 and a two-hundred day moving average price of $8.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87.

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.