Millennium Management LLC Invests $535,000 in SEALSQ Corp (NASDAQ:LAES)

Millennium Management LLC bought a new position in shares of SEALSQ Corp (NASDAQ:LAES) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 87,050 shares of the company’s stock, valued at approximately $535,000. Millennium Management LLC owned about 0.09% of SEALSQ as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of SEALSQ during the fourth quarter worth about $84,000. Jane Street Group LLC increased its position in shares of SEALSQ by 3,066.2% during the fourth quarter. Jane Street Group LLC now owns 495,920 shares of the company’s stock worth $3,050,000 after acquiring an additional 480,257 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SEALSQ during the fourth quarter worth about $707,000. Marshall Wace LLP acquired a new position in SEALSQ in the fourth quarter worth about $3,620,000. Finally, Finer Wealth Management Inc. acquired a new position in SEALSQ in the fourth quarter worth about $615,000. 1.25% of the stock is owned by hedge funds and other institutional investors.

SEALSQ Price Performance

NASDAQ:LAES opened at $3.46 on Monday. SEALSQ Corp has a one year low of $0.29 and a one year high of $11.00. The stock has a 50-day simple moving average of $2.77 and a 200 day simple moving average of $3.17. The company has a current ratio of 3.58, a quick ratio of 3.20 and a debt-to-equity ratio of 3.55.

SEALSQ Profile

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.