SEALSQ Sees Unusually Large Options Volume (NASDAQ:LAES)

SEALSQ Corp. (NASDAQ:LAES) saw some unusual options trading on Monday. Traders purchased 50,475 call options on the stock. This is an increase of approximately 110% compared to the average volume of 24,082 call options.

SEALSQ Stock Performance

Shares of NASDAQ:LAES opened at $3.20 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38. SEALSQ has a 52 week low of $2.12 and a 52 week high of $8.71. The firm has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $4.43.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Zacks Research raised SEALSQ to a “hold” rating in a research report on Friday, December 19th. Cantor Fitzgerald assumed coverage on SEALSQ in a report on Thursday, December 18th. They set an “overweight” rating and a $7.00 target price for the company. Finally, Maxim Group set a $8.00 price target on SEALSQ in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.50.

Institutional Trading of SEALSQ

A number of hedge funds have recently modified their holdings of LAES. UBS Group AG grew its holdings in shares of SEALSQ by 398.0% during the fourth quarter. UBS Group AG now owns 3,223,216 shares of the company’s stock valued at $12,184,000 after buying an additional 2,576,003 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in SEALSQ in the 2nd quarter worth about $7,939,000. Balyasny Asset Management L.P. purchased a new stake in SEALSQ in the 4th quarter worth about $3,921,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in SEALSQ by 11.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company’s stock worth $2,357,000 after acquiring an additional 59,902 shares during the period. Finally, Millennium Management LLC boosted its position in SEALSQ by 747.8% during the 3rd quarter. Millennium Management LLC now owns 491,523 shares of the company’s stock worth $1,838,000 after acquiring an additional 433,547 shares during the period. Hedge funds and other institutional investors own 1.25% of the company’s stock.

SEALSQ Company 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. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions.