UNICOM Systems Inc. Buys Shares of 125,183 SkyWater Technology, Inc. (NASDAQ:SKYT)

UNICOM Systems Inc. purchased a new position in SkyWater Technology, Inc. (NASDAQ:SKYT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 125,183 shares of the company’s stock, valued at approximately $1,728,000. SkyWater Technology comprises about 0.4% of UNICOM Systems Inc.’s holdings, making the stock its 21st biggest position. UNICOM Systems Inc. owned approximately 0.26% of SkyWater Technology as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP acquired a new stake in SkyWater Technology in the third quarter worth $35,000. Allworth Financial LP bought a new stake in SkyWater Technology in the 3rd quarter valued at about $41,000. nVerses Capital LLC acquired a new position in SkyWater Technology during the 3rd quarter valued at about $60,000. Entropy Technologies LP acquired a new position in SkyWater Technology during the 4th quarter valued at about $151,000. Finally, The Manufacturers Life Insurance Company bought a new position in SkyWater Technology in the 2nd quarter worth about $88,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at SkyWater Technology

In related news, Director Loren A. Unterseher sold 7,761 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $9.27, for a total transaction of $71,944.47. Following the completion of the sale, the director now directly owns 12,806,264 shares of the company’s stock, valued at $118,714,067.28. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.55% of the company’s stock.

SkyWater Technology Trading Down 0.2 %

Shares of NASDAQ:SKYT opened at $9.71 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. SkyWater Technology, Inc. has a 12 month low of $5.63 and a 12 month high of $19.00. The stock’s 50 day moving average price is $11.60 and its 200 day moving average price is $9.85.

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.