Shares of Sequans Communications SA (NYSE:SQNS) have received an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $2.66.

Several research analysts recently commented on SQNS shares. Needham & Company LLC reduced their price objective on Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, August 1st. Canaccord Genuity reduced their price objective on Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, October 31st. B. Riley reduced their price objective on Sequans Communications from $2.25 to $1.65 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Zacks Investment Research raised Sequans Communications from a “sell” rating to a “hold” rating in a research note on Friday.

Several institutional investors and hedge funds have recently modified their holdings of the business. AWM Investment Company Inc. increased its stake in shares of Sequans Communications by 2.2% in the 3rd quarter. AWM Investment Company Inc. now owns 9,264,157 shares of the semiconductor company’s stock worth $13,155,000 after acquiring an additional 198,100 shares during the last quarter. Divisar Capital Management LLC increased its stake in shares of Sequans Communications by 35.4% in the 2nd quarter. Divisar Capital Management LLC now owns 4,759,354 shares of the semiconductor company’s stock worth $9,709,000 after acquiring an additional 1,244,955 shares during the last quarter. Numen Capital LLP increased its stake in shares of Sequans Communications by 55.3% in the 2nd quarter. Numen Capital LLP now owns 664,830 shares of the semiconductor company’s stock worth $1,355,000 after acquiring an additional 236,830 shares during the last quarter. Gradient Investments LLC increased its stake in shares of Sequans Communications by 29.3% in the 2nd quarter. Gradient Investments LLC now owns 452,031 shares of the semiconductor company’s stock worth $922,000 after acquiring an additional 102,559 shares during the last quarter. Finally, FMR LLC acquired a new stake in shares of Sequans Communications in the 3rd quarter worth $558,000. 36.58% of the stock is owned by institutional investors and hedge funds.

NYSE SQNS traded down $0.06 during mid-day trading on Tuesday, hitting $1.04. The stock had a trading volume of 270,000 shares, compared to its average volume of 236,779. Sequans Communications has a twelve month low of $1.00 and a twelve month high of $2.61. The company has a debt-to-equity ratio of 4.36, a quick ratio of 1.10 and a current ratio of 1.34. The company has a market cap of $90.43 million, a P/E ratio of -3.32 and a beta of 2.44.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.01). Sequans Communications had a negative net margin of 75.61% and a negative return on equity of 361.56%. The firm had revenue of $10.30 million during the quarter, compared to analyst estimates of $14.25 million. During the same period in the prior year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, sell-side analysts predict that Sequans Communications will post -0.31 EPS for the current fiscal year.

About Sequans Communications

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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