Sequans Communications (NYSE:SQNS) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Sequans Communications (NYSE:SQNSGet Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the semiconductor company’s stock.

SQNS has been the topic of a number of other research reports. Needham & Company LLC raised their target price on Sequans Communications from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. B. Riley raised their target price on Sequans Communications from $6.00 to $8.00 in a report on Wednesday, August 31st.

Sequans Communications Stock Up 2.7 %

Shares of NYSE:SQNS opened at $3.76 on Thursday. The business’s 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $3.27. The firm has a market cap of $180.21 million, a P/E ratio of -12.53 and a beta of 0.86. The company has a debt-to-equity ratio of 9.90, a quick ratio of 0.94 and a current ratio of 1.19. Sequans Communications has a 52-week low of $2.28 and a 52-week high of $6.19.

Institutional Trading of Sequans Communications

A number of hedge funds have recently bought and sold shares of the business. Lynrock Lake LP lifted its holdings in Sequans Communications by 5.9% during the third quarter. Lynrock Lake LP now owns 4,746,401 shares of the semiconductor company’s stock worth $16,945,000 after acquiring an additional 262,512 shares during the period. B. Riley Asset Management LLC lifted its holdings in Sequans Communications by 6.1% during the third quarter. B. Riley Asset Management LLC now owns 4,612,637 shares of the semiconductor company’s stock worth $16,467,000 after acquiring an additional 265,800 shares during the period. Divisar Capital Management LLC increased its position in Sequans Communications by 21.3% in the second quarter. Divisar Capital Management LLC now owns 3,739,726 shares of the semiconductor company’s stock worth $10,060,000 after buying an additional 657,356 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in Sequans Communications in the first quarter worth $3,369,000. Finally, Boothbay Fund Management LLC increased its position in Sequans Communications by 22.2% in the third quarter. Boothbay Fund Management LLC now owns 950,035 shares of the semiconductor company’s stock worth $3,392,000 after buying an additional 172,852 shares during the last quarter. 54.45% of the stock is currently owned by institutional investors.

About Sequans Communications

(Get Rating)

Sequans Communications SA designs, develops, and supplies cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, South Korea, China, rest of Asia, the United States, and internationally. It offers a set of 5G/4G chips and modules for non-smartphone devices.

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