Barclays PLC Has $429,000 Stock Position in SkyWater Technology, Inc. (NASDAQ:SKYT)

Barclays PLC grew its holdings in SkyWater Technology, Inc. (NASDAQ:SKYT) by 167.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,204 shares of the company’s stock after acquiring an additional 29,523 shares during the quarter. Barclays PLC owned 0.10% of SkyWater Technology worth $429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SKYT. Quarry LP acquired a new stake in SkyWater Technology in the 3rd quarter worth about $35,000. 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 stake in shares of SkyWater Technology in the third quarter valued at approximately $60,000. The Manufacturers Life Insurance Company acquired a new stake in SkyWater Technology during the second quarter worth approximately $88,000. Finally, Algert Global LLC bought a new position in SkyWater Technology during the 2nd quarter worth $107,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $12.00 target price on shares of SkyWater Technology in a research report on Monday, November 11th. Piper Sandler upped their price objective on shares of SkyWater Technology from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

Insider Activity at SkyWater Technology

In other news, Director Loren A. Unterseher sold 7,761 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $9.27, for a total value 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. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.55% of the stock is currently owned by insiders.

SkyWater Technology Trading Up 0.4 %

Shares of SKYT stock opened at $11.55 on Friday. SkyWater Technology, Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $19.00. The stock’s fifty day moving average price is $10.91 and its two-hundred day moving average price is $9.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87. The company has a market cap of $550.43 million, a PE ratio of -33.00 and a beta of 3.43.

SkyWater Technology 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.