Cambridge Investment Research Advisors Inc. increased its holdings in shares of SEALSQ Corp. (NASDAQ:LAES – Free Report) by 324.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,709 shares of the company’s stock after purchasing an additional 58,650 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.08% of SEALSQ worth $199,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of LAES. Geode Capital Management LLC acquired a new stake in shares of SEALSQ in the fourth quarter worth $79,000. HUB Investment Partners LLC acquired a new stake in SEALSQ in the 4th quarter valued at $115,000. Millennium Management LLC purchased a new position in SEALSQ in the fourth quarter valued at about $535,000. Finer Wealth Management Inc. purchased a new position in SEALSQ in the fourth quarter valued at about $615,000. Finally, Soviero Asset Management LP acquired a new position in shares of SEALSQ during the fourth quarter worth about $1,538,000. Hedge funds and other institutional investors own 1.25% of the company’s stock.
SEALSQ Trading Down 6.9%
LAES stock opened at $3.38 on Tuesday. The company has a current ratio of 6.00, a quick ratio of 5.91 and a debt-to-equity ratio of 0.04. SEALSQ Corp. has a 1 year low of $0.29 and a 1 year high of $11.00. The stock has a 50-day simple moving average of $3.49 and a 200-day simple moving average of $3.55.
About SEALSQ
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.
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