Curbstone Financial Management Corp Takes $149,000 Position in SEALSQ Corp. $LAES

Curbstone Financial Management Corp bought a new position in shares of SEALSQ Corp. (NASDAQ:LAES) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,000 shares of the company’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LaSalle St. Investment Advisors LLC purchased a new stake in shares of SEALSQ in the first quarter worth about $39,000. SBI Securities Co. Ltd. raised its position 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 during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of SEALSQ by 324.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 76,709 shares of the company’s stock worth $199,000 after acquiring an additional 58,650 shares during the period. Virtu Financial LLC purchased a new stake in shares of SEALSQ during the 1st quarter worth about $359,000. Finally, Rafferty Asset Management LLC acquired a new stake in shares of SEALSQ during the 1st quarter valued at about $530,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

SEALSQ Stock Up 4.9%

Shares of NASDAQ:LAES opened at $6.67 on Friday. The business has a 50-day moving average price of $3.73 and a 200 day moving average price of $3.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.38 and a quick ratio of 7.26. SEALSQ Corp. has a 12-month low of $0.31 and a 12-month high of $11.00.

Wall Street Analyst Weigh In

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