UNICOM Systems Inc. Makes New $1.73 Million Investment in SkyWater Technology, Inc. (NASDAQ:SKYT)

UNICOM Systems Inc. bought a new position in SkyWater Technology, Inc. (NASDAQ:SKYT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 125,183 shares of the company’s stock, valued at approximately $1,728,000. SkyWater Technology makes up about 0.4% of UNICOM Systems Inc.’s portfolio, making the stock its 21st largest holding.

Other large investors have also made changes to their positions in the company. Emerald Advisers LLC lifted its holdings in shares of SkyWater Technology by 1.7% in the third quarter. Emerald Advisers LLC now owns 1,113,353 shares of the company’s stock valued at $10,109,000 after purchasing an additional 18,423 shares in the last quarter. Geode Capital Management LLC boosted its position in SkyWater Technology by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 586,933 shares of the company’s stock worth $5,330,000 after acquiring an additional 35,219 shares during the period. State Street Corp grew its stake in SkyWater Technology by 4.7% during the 3rd quarter. State Street Corp now owns 473,475 shares of the company’s stock valued at $4,299,000 after acquiring an additional 21,134 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of SkyWater Technology by 20.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 199,318 shares of the company’s stock valued at $1,810,000 after purchasing an additional 34,383 shares during the period. Finally, Barclays PLC lifted its position in shares of SkyWater Technology by 167.0% in the third quarter. Barclays PLC now owns 47,204 shares of the company’s stock worth $429,000 after purchasing an additional 29,523 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity at SkyWater Technology

In other SkyWater Technology news, Director Loren A. Unterseher sold 7,761 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $9.27, for a total value of $71,944.47. Following the completion of the sale, the director now owns 12,806,264 shares in the company, valued at approximately $118,714,067.28. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.55% of the company’s stock.

SkyWater Technology Stock Performance

NASDAQ:SKYT opened at $9.71 on Tuesday. 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 firm’s 50-day moving average is $11.60 and its 200-day moving average is $9.85. SkyWater Technology, Inc. has a 52-week low of $5.63 and a 52-week high of $19.00.

Analysts Set New Price Targets

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

SkyWater Technology Company 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.