Caitong International Reduces Stake in SEALSQ Corp by 89.2%

Caitong International Asset Management Co. Ltd has significantly reduced its stake in SEALSQ Corp. (NASDAQ: LAES) by 89.2% during the second quarter of 2023. According to its latest 13F filing with the Securities and Exchange Commission, the firm now holds just 7,634 shares after selling 63,063 shares in the period. As of the recent filing, these holdings are valued at approximately $31,000.

This decision comes amid changes in the ownership landscape of SEALSQ, as various institutional investors have also adjusted their positions. Notably, LaSalle St. Investment Advisors LLC entered the market with a new stake valued at $39,000 during the first quarter. Similarly, Curbstone Financial Management Corp acquired a new stake worth $149,000 in the second quarter.

Cambridge Investment Research Advisors Inc. has notably increased its stake by 324.8% during the first quarter, now owning 76,709 shares valued at $199,000 after acquiring an additional 58,650 shares. Virtu Financial LLC also entered the market with a new investment totaling $359,000. SBI Securities Co. Ltd. has grown its stake by 25.8%, now holding 144,561 shares valued at $376,000.

Currently, institutional investors and hedge funds collectively own 1.25% of SEALSQ’s stock.

Analyst Ratings and Stock Performance

Recent reports from several research firms indicate a cautious outlook on SEALSQ. Wall Street Zen upgraded its rating from “sell” to “hold” on September 13, while Weiss Ratings maintained a “sell (e+)” rating in a note dated October 14. According to MarketBeat, the consensus rating for the stock remains “Sell,” with one analyst emphasizing the negative sentiment surrounding the company’s performance.

As of Monday, SEALSQ’s stock opened at $7.01. Over the past year, the company’s stock has experienced significant volatility, with a low of $0.31 and a high of $11.00. The company’s financial health is reflected in its ratios, with a quick ratio of 7.26, a current ratio of 7.38, and a low debt-to-equity ratio of 0.03. Additionally, the fifty-day simple moving average stands at $4.06, while the 200-day average is at $3.51.

About SEALSQ Corp

SEALSQ Corp, operating globally, designs, develops, and markets semiconductor chips across various regions, including Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company’s product offerings include VaultIC secure elements, secure ARM platforms, and smart card reader chips. In addition, SEALSQ provides identity provisioning services, such as IoT device provisioning, managed PKI for IoT solutions, and trust services.

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