Curbstone Financial Management Corp Acquires New Stake in SEALSQ Corp. $LAES

Curbstone Financial Management Corp bought a new stake in shares of SEALSQ Corp. (NASDAQ:LAES) in the second quarter, Holdings Channel reports. The firm bought 37,000 shares of the company’s stock, valued at approximately $149,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SEALSQ during the first quarter worth about $1,365,000. Rafferty Asset Management LLC acquired a new stake in SEALSQ during the 1st quarter worth approximately $530,000. Virtu Financial LLC acquired a new stake in SEALSQ during the 1st quarter worth approximately $359,000. Cambridge Investment Research Advisors Inc. boosted its position in SEALSQ by 324.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 76,709 shares of the company’s stock valued at $199,000 after buying an additional 58,650 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in shares of SEALSQ by 25.8% in the first quarter. SBI Securities Co. Ltd. now owns 144,561 shares of the company’s stock worth $376,000 after acquiring an additional 29,625 shares in the last quarter. 1.25% of the stock is currently owned by hedge funds and other institutional investors.

SEALSQ Trading Up 4.9%

NASDAQ:LAES opened at $6.67 on Friday. SEALSQ Corp. has a 12 month low of $0.31 and a 12 month high of $11.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.38 and a quick ratio of 7.26. The business’s fifty day moving average price is $3.73 and its 200 day moving average price is $3.37.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LAES shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a report on Tuesday, October 14th. Wall Street Zen raised SEALSQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.