UBS Group AG Purchases 2,576,003 Shares of SEALSQ Corp. $LAES

UBS Group AG raised its position in shares of SEALSQ Corp. (NASDAQ:LAES) by 398.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,223,216 shares of the company’s stock after purchasing an additional 2,576,003 shares during the period. UBS Group AG owned 1.82% of SEALSQ worth $12,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LAES. Blue Trust Inc. bought a new position in SEALSQ during the fourth quarter valued at $26,000. Farther Finance Advisors LLC grew its holdings in SEALSQ by 172.2% during the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after purchasing an additional 5,969 shares during the period. Convergence Financial LLC bought a new position in SEALSQ during the third quarter valued at $41,000. Baader Bank Aktiengesellschaft bought a new position in SEALSQ during the third quarter valued at $41,000. Finally, Prime Capital Investment Advisors LLC bought a new position in SEALSQ during the fourth quarter valued at $46,000. 1.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LAES has been the subject of several research reports. Cantor Fitzgerald reduced their price objective on SEALSQ from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Wall Street Zen downgraded SEALSQ from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SEALSQ currently has a consensus rating of “Hold” and an average target price of $6.00.

Insider Buying and Selling at SEALSQ

In other SEALSQ news, CFO John Charles O’hara sold 10,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $3.06, for a total transaction of $30,600.00. Following the sale, the chief financial officer owned 296,095 shares in the company, valued at $906,050.70. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Jean-Pierre Enguent sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $2.20, for a total transaction of $33,000.00. Following the completion of the transaction, the vice president directly owned 15,000 shares in the company, valued at approximately $33,000. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 125,250 shares of company stock worth $331,928.

SEALSQ Stock Performance

NASDAQ:LAES opened at $2.87 on Friday. The stock’s fifty day moving average price is $2.93 and its two-hundred day moving average price is $3.96. SEALSQ Corp. has a 1 year low of $1.99 and a 1 year high of $8.71.

SEALSQ (NASDAQ:LAES) last posted its earnings results on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.71 million during the quarter. On average, analysts expect that SEALSQ Corp. will post -0.17 EPS for the current year.

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. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions.