Sequans Communications S.A. $SQNS Shares Sold by Yorkville Advisors Global LP

Yorkville Advisors Global LP decreased its position in shares of Sequans Communications S.A. (NYSE:SQNS) by 86.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,001 shares of the semiconductor company’s stock after selling 663,002 shares during the quarter. Sequans Communications accounts for approximately 0.3% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 17th largest holding. Yorkville Advisors Global LP owned 0.70% of Sequans Communications worth $449,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in shares of Sequans Communications during the third quarter worth about $26,000. Boothbay Fund Management LLC lifted its holdings in shares of Sequans Communications by 1.5% during the second quarter. Boothbay Fund Management LLC now owns 1,673,609 shares of the semiconductor company’s stock worth $2,460,000 after purchasing an additional 25,000 shares during the period. Krilogy Financial LLC acquired a new stake in shares of Sequans Communications during the third quarter worth about $568,000. Moore Capital Management LP acquired a new stake in shares of Sequans Communications during the third quarter worth about $581,000. Finally, Credit Industriel ET Commercial lifted its holdings in shares of Sequans Communications by 214.3% during the fourth quarter. Credit Industriel ET Commercial now owns 220,000 shares of the semiconductor company’s stock worth $988,000 after purchasing an additional 150,000 shares during the period. Institutional investors and hedge funds own 63.33% of the company’s stock.

Sequans Communications Trading Down 1.8%

Shares of NYSE:SQNS opened at $3.92 on Thursday. Sequans Communications S.A. has a 12-month low of $2.38 and a 12-month high of $58.30. The company has a market capitalization of $58.72 million, a PE ratio of -0.29 and a beta of 0.78. The business has a 50 day moving average of $3.30 and a two-hundred day moving average of $4.11. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

SQNS has been the subject of a number of analyst reports. B. Riley Financial decreased their price target on Sequans Communications from $11.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Zacks Research downgraded Sequans Communications from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Wall Street Zen raised Sequans Communications from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Sequans Communications in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.33.

About Sequans Communications

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.