SkyWater Technology, Inc. (NASDAQ:SKYT) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in SkyWater Technology, Inc. (NASDAQ:SKYT) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,524 shares of the company’s stock after selling 4,460 shares during the period. Cetera Investment Advisers’ holdings in SkyWater Technology were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in shares of SkyWater Technology by 65.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,665,284 shares of the company’s stock worth $22,981,000 after acquiring an additional 658,431 shares during the period. Vanguard Group Inc. lifted its stake in shares of SkyWater Technology by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 1,448,738 shares of the company’s stock worth $19,993,000 after acquiring an additional 40,060 shares during the period. Trexquant Investment LP lifted its stake in shares of SkyWater Technology by 169.7% in the 4th quarter. Trexquant Investment LP now owns 236,498 shares of the company’s stock worth $3,264,000 after acquiring an additional 148,802 shares during the period. Northern Trust Corp lifted its stake in shares of SkyWater Technology by 5.1% in the 4th quarter. Northern Trust Corp now owns 221,739 shares of the company’s stock worth $3,060,000 after acquiring an additional 10,689 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of SkyWater Technology by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 202,639 shares of the company’s stock worth $2,796,000 after acquiring an additional 3,321 shares during the period. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Loren A. Unterseher sold 134,049 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $9.41, for a total transaction of $1,261,401.09. Following the sale, the director now owns 11,026,783 shares in the company, valued at $103,762,028.03. The trade was a 1.20% 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. Also, Director Gregory B. Graves sold 12,844 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.11, for a total transaction of $104,164.84. Following the sale, the director now owns 14,285 shares in the company, valued at $115,851.35. This represents a 47.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 599,784 shares of company stock worth $5,682,687 over the last 90 days. 37.85% of the stock is owned by company insiders.

SkyWater Technology Stock Down 0.3%

NASDAQ SKYT opened at $9.03 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. The company’s 50 day simple moving average is $7.51 and its 200 day simple moving average is $9.29. SkyWater Technology, Inc. has a 12 month low of $5.63 and a 12 month high of $19.00. The company has a market capitalization of $433.76 million, a P/E ratio of -25.80 and a beta of 3.40.

Wall Street Analyst Weigh In

SKYT has been the topic of a number of research reports. TD Cowen dropped their target price on shares of SkyWater Technology from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Needham & Company LLC dropped their target price on shares of SkyWater Technology from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 8th.

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.