Finer Wealth Management Inc. Invests $615,000 in SEALSQ Corp (NASDAQ:LAES)

Finer Wealth Management Inc. acquired a new stake in SEALSQ Corp (NASDAQ:LAES) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the company’s stock, valued at approximately $615,000. Finer Wealth Management Inc. owned approximately 0.11% of SEALSQ at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new stake in shares of SEALSQ in the 4th quarter valued at about $79,000. Private Advisor Group LLC purchased a new position in SEALSQ during the fourth quarter valued at approximately $84,000. HUB Investment Partners LLC bought a new position in SEALSQ in the fourth quarter worth approximately $115,000. Bravias Capital Group LLC purchased a new stake in SEALSQ during the fourth quarter worth $141,000. Finally, SBI Securities Co. Ltd. bought a new stake in SEALSQ during the 4th quarter valued at $707,000. 1.25% of the stock is owned by hedge funds and other institutional investors.

SEALSQ Price Performance

Shares of NASDAQ LAES opened at $2.52 on Wednesday. SEALSQ Corp has a 1-year low of $0.29 and a 1-year high of $11.00. The business has a fifty day moving average price of $2.97 and a 200 day moving average price of $2.53. The company has a debt-to-equity ratio of 3.55, a quick ratio of 3.20 and a current ratio of 3.58.

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.