Shares of Sequans Communications SA (NYSE:SQNS) have been given an average recommendation of “Buy” by the ten analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.75.
Several research firms have weighed in on SQNS. B. Riley cut their target price on Sequans Communications from $2.75 to $2.50 and set a “buy” rating on the stock in a report on Monday, February 12th. Canaccord Genuity reiterated a “buy” rating and issued a $3.75 price objective on shares of Sequans Communications in a research note on Wednesday, January 17th. ValuEngine lowered Sequans Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered Sequans Communications from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price objective on shares of Sequans Communications in a research note on Monday, January 22nd.
Sequans Communications (NYSE:SQNS) opened at $1.68 on Monday. Sequans Communications has a 1-year low of $1.44 and a 1-year high of $4.75. The company has a current ratio of 1.42, a quick ratio of 1.16 and a debt-to-equity ratio of 4.12. The firm has a market capitalization of $134.44, a PE ratio of -4.94 and a beta of 2.32.
Several institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new position in shares of Sequans Communications in the fourth quarter worth about $198,000. Gradient Investments LLC increased its stake in shares of Sequans Communications by 47.2% in the fourth quarter. Gradient Investments LLC now owns 165,825 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 53,184 shares during the period. Granite Point Capital Management L.P. increased its stake in shares of Sequans Communications by 47.9% in the third quarter. Granite Point Capital Management L.P. now owns 339,700 shares of the semiconductor company’s stock worth $1,067,000 after purchasing an additional 110,000 shares during the period. Finally, FNY Managed Accounts LLC increased its stake in shares of Sequans Communications by 342.4% in the third quarter. FNY Managed Accounts LLC now owns 180,060 shares of the semiconductor company’s stock worth $565,000 after purchasing an additional 139,360 shares during the period. Institutional investors and hedge funds own 25.64% 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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