1,969,953 Shares in SEALSQ Corp. $LAES Purchased by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners bought a new stake of 1,969,953 shares of SEALSQ (NASDAQ:LAES) in Q2, valued at about $7.94 million1.59% ownership per its SEC filing.
• LAES shares opened at $4.29 (52-week range $0.35–$11.00) and trade around their 50‑day/$200‑day moving averages of $5.22/$3.97; the stock carries an average analyst rating of "Sell", though Wall Street Zen recently raised it to a "Hold".

Steward Partners Investment Advisory LLC bought a new stake in shares of SEALSQ Corp. (NASDAQ:LAES - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,969,953 shares of the company's stock, valued at approximately $7,939,000. Steward Partners Investment Advisory LLC owned approximately 1.59% of SEALSQ as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MAI Capital Management purchased a new stake in shares of SEALSQ in the second quarter worth about $50,000. Meridian Wealth Management LLC bought a new stake in SEALSQ during the 2nd quarter worth approximately $103,000. Geode Capital Management LLC lifted its stake in SEALSQ by 383.5% in the 2nd quarter. Geode Capital Management LLC now owns 62,449 shares of the company's stock worth $252,000 after purchasing an additional 49,534 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in SEALSQ by 12.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 162,240 shares of the company's stock valued at $654,000 after purchasing an additional 17,679 shares during the period. Finally, Allworth Financial LP bought a new position in SEALSQ in the 2nd quarter valued at $47,000. 1.25% of the stock is currently owned by institutional investors.

SEALSQ Stock Up 3.4%

Shares of NASDAQ:LAES opened at $4.29 on Wednesday. The company has a current ratio of 7.38, a quick ratio of 7.26 and a debt-to-equity ratio of 0.03. SEALSQ Corp. has a 52-week low of $0.35 and a 52-week high of $11.00. The firm has a fifty day moving average of $5.22 and a 200 day moving average of $3.97.

Analyst Ratings Changes

Several research analysts have recently weighed in on LAES shares. Wall Street Zen raised shares of SEALSQ from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings restated a "sell (e+)" rating on shares of SEALSQ in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

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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