Rafferty Asset Management LLC Invests $530,000 in SEALSQ Corp. $LAES

Key Points

• Rafferty Asset Management LLC invested approximately $530,000 in SEALSQ Corp. by purchasing 203,797 shares during the first quarter.
• After this transaction, Rafferty Asset Management holds about 0.22% of SEALSQ's outstanding shares.
• As of the latest report, SEALSQ stock is trading at $2.61, down 3.0%, with a 52-week range between $0.31 and $11.00.

Rafferty Asset Management LLC purchased a new position in shares of SEALSQ Corp. (NASDAQ:LAES - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 203,797 shares of the company's stock, valued at approximately $530,000. Rafferty Asset Management LLC owned approximately 0.22% of SEALSQ as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. LaSalle St. Investment Advisors LLC acquired a new position in shares of SEALSQ during the first quarter worth $39,000. SBI Securities Co. Ltd. increased its holdings in shares of SEALSQ by 25.8% during the first quarter. SBI Securities Co. Ltd. now owns 144,561 shares of the company's stock worth $376,000 after buying an additional 29,625 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of SEALSQ by 324.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 76,709 shares of the company's stock worth $199,000 after buying an additional 58,650 shares in the last quarter. Millennium Management LLC acquired a new position in shares of SEALSQ during the fourth quarter worth $535,000. Finally, Virtu Financial LLC acquired a new position in shares of SEALSQ during the first quarter worth $359,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

SEALSQ Stock Down 3.0%

Shares of NASDAQ:LAES opened at $2.61 on Wednesday. The company has a current ratio of 6.00, a quick ratio of 5.91 and a debt-to-equity ratio of 0.04. SEALSQ Corp. has a 52-week low of $0.31 and a 52-week high of $11.00. The company has a fifty day moving average of $3.25 and a 200-day moving average of $3.08.

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.

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