Millennium Management LLC Makes New Investment in SEALSQ Corp (NASDAQ:LAES)

Millennium Management LLC acquired a new stake in shares of SEALSQ Corp (NASDAQ:LAES - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 87,050 shares of the company's stock, valued at approximately $535,000. Millennium Management LLC owned about 0.09% of SEALSQ at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LAES. Geode Capital Management LLC purchased a new stake in SEALSQ during the fourth quarter valued at approximately $79,000. Private Advisor Group LLC purchased a new stake in shares of SEALSQ during the 4th quarter valued at $84,000. HUB Investment Partners LLC purchased a new stake in shares of SEALSQ during the fourth quarter worth about $115,000. Bravias Capital Group LLC acquired a new stake in shares of SEALSQ during the fourth quarter worth $141,000. Finally, Finer Wealth Management Inc. purchased a new position in SEALSQ during the 4th quarter worth approximately $615,000. Hedge funds and other institutional investors own 1.25% of the company's stock.

SEALSQ Stock Down 3.8%

LAES stock traded down $0.17 during midday trading on Thursday, hitting $4.25. 11,299,599 shares of the stock traded hands, compared to its average volume of 16,049,075. The company has a quick ratio of 3.20, a current ratio of 3.58 and a debt-to-equity ratio of 3.55. SEALSQ Corp has a 1-year low of $0.29 and a 1-year high of $11.00. The stock's fifty day simple moving average is $2.87 and its 200-day simple moving average is $3.23.

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.