Sequans Communications SA (NYSE:SQNS) has been given a consensus recommendation of “Buy” by the ten brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.75.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Sequans Communications from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 17th. B. Riley lowered their price objective on Sequans Communications from $2.75 to $2.50 and set a “buy” rating on the stock in a research report on Monday, February 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a $3.75 price objective on shares of Sequans Communications in a research report on Wednesday, January 17th. Roth Capital assumed coverage on Sequans Communications in a research report on Friday, January 5th. They issued a “buy” rating and a $4.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Sequans Communications in a research report on Monday, January 22nd.
Shares of Sequans Communications (NYSE SQNS) opened at $1.65 on Thursday. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.42 and a quick ratio of 1.16. Sequans Communications has a 12-month low of $1.44 and a 12-month high of $4.75. The company has a market capitalization of $132.04, a P/E ratio of -4.85 and a beta of 2.36.
A number of institutional investors and hedge funds have recently made changes to their positions in SQNS. Gilder Gagnon Howe & Co. LLC raised its stake in Sequans Communications by 18.5% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 918,053 shares of the semiconductor company’s stock valued at $2,883,000 after buying an additional 143,203 shares during the last quarter. FNY Managed Accounts LLC raised its stake in Sequans Communications by 342.4% during the 3rd quarter. FNY Managed Accounts LLC now owns 180,060 shares of the semiconductor company’s stock valued at $565,000 after buying an additional 139,360 shares during the last quarter. Granite Point Capital Management L.P. raised its stake in Sequans Communications by 47.9% during the 3rd quarter. Granite Point Capital Management L.P. now owns 339,700 shares of the semiconductor company’s stock valued at $1,067,000 after buying an additional 110,000 shares during the last quarter. Gradient Investments LLC raised its stake in Sequans Communications by 47.2% during the 4th quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 53,184 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Sequans Communications during the 4th quarter valued at $198,000. Institutional investors and hedge funds own 27.65% of the company’s stock.
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Sequans Communications Company Profile
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.
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