Shares of Sequans Communications S.A. (NYSE:SQNS) have received an average recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.46.

SQNS has been the subject of a number of research reports. B. Riley reissued a “buy” rating and set a $6.00 target price on shares of Sequans Communications in a report on Saturday, June 24th. Canaccord Genuity boosted their price target on Sequans Communications from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $5.00 price target on shares of Sequans Communications in a research note on Friday, September 22nd.

Institutional investors and hedge funds have recently modified their holdings of the business. FNY Managed Accounts LLC acquired a new position in Sequans Communications in the second quarter valued at approximately $134,000. Tudor Investment Corp ET AL acquired a new position in shares of Sequans Communications during the second quarter worth approximately $162,000. FNY Partners Fund LP raised its position in shares of Sequans Communications by 657.3% during the first quarter. FNY Partners Fund LP now owns 71,939 shares of the semiconductor company’s stock worth $197,000 after purchasing an additional 62,439 shares during the period. Verition Fund Management LLC acquired a new position in shares of Sequans Communications during the second quarter worth approximately $220,000. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Sequans Communications during the second quarter worth approximately $402,000. 31.86% of the stock is currently owned by hedge funds and other institutional investors.

Sequans Communications (NYSE:SQNS) traded up 0.259% during trading on Monday, reaching $1.935. 1,116,736 shares of the company traded hands. Sequans Communications has a 12 month low of $1.65 and a 12 month high of $4.75. The company’s market cap is $154.34 million. The company’s 50-day moving average is $3.13 and its 200 day moving average is $3.40.

Sequans Communications (NYSE:SQNS) last posted its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). Sequans Communications had a negative return on equity of 212.46% and a negative net margin of 42.44%. The firm had revenue of $13.22 million for the quarter, compared to analyst estimates of $14.48 million. During the same period in the prior year, the business posted ($0.10) EPS. The firm’s quarterly revenue was up 33.8% compared to the same quarter last year. On average, analysts anticipate that Sequans Communications will post ($0.25) earnings per share for the current year.

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About Sequans Communications

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.

Analyst Recommendations for Sequans Communications (NYSE:SQNS)

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