Counterpoint Mutual Funds LLC Purchases New Shares in SEALSQ Corp. $LAES

Counterpoint Mutual Funds LLC acquired a new position in SEALSQ Corp. (NASDAQ:LAES) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 134,314 shares of the company’s stock, valued at approximately $502,000. Counterpoint Mutual Funds LLC owned approximately 0.08% of SEALSQ as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. DKM Wealth Management Inc. purchased a new position in shares of SEALSQ in the 3rd quarter worth approximately $37,000. A&I Financial Services LLC bought a new stake in SEALSQ during the third quarter worth $40,000. Baader Bank Aktiengesellschaft purchased a new position in SEALSQ in the third quarter worth $41,000. Convergence Financial LLC bought a new position in SEALSQ in the 3rd quarter valued at $41,000. Finally, Gainplan LLC purchased a new stake in shares of SEALSQ during the 3rd quarter valued at $42,000. Institutional investors own 1.25% of the company’s stock.

SEALSQ Trading Up 4.0%

LAES opened at $3.92 on Wednesday. The firm has a 50-day moving average price of $4.17 and a 200-day moving average price of $4.31. SEALSQ Corp. has a twelve month low of $1.99 and a twelve month high of $8.71. The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03.

Analysts Set New Price Targets

LAES has been the topic of a number of research analyst reports. Zacks Research raised shares of SEALSQ to a “hold” rating in a report on Friday, December 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research note on Friday, January 9th. Cantor Fitzgerald initiated coverage on shares of SEALSQ in a research note on Thursday, December 18th. They set an “overweight” rating and a $7.00 price target for the company. Finally, Maxim Group set a $8.00 price target on shares of SEALSQ in a report on Thursday, January 15th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.50.

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. 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.