Canaccord Genuity reissued their buy rating on shares of Sequans Communications S.A. (NYSE:SQNS) in a research report report published on Thursday morning. Canaccord Genuity currently has a $4.25 price target on the semiconductor company’s stock, down from their prior price target of $6.00.

Several other brokerages also recently commented on SQNS. B. Riley reiterated a buy rating and issued a $6.00 target price on shares of Sequans Communications in a report on Saturday, June 24th. BidaskClub upgraded shares of Sequans Communications from a sell rating to a hold rating in a report on Wednesday, July 19th. Northland Securities restated a buy rating and set a $5.00 price objective on shares of Sequans Communications in a report on Friday, September 22nd. Finally, Zacks Investment Research upgraded shares of Sequans Communications from a sell rating to a hold rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $4.13.

Shares of Sequans Communications (NYSE:SQNS) opened at 1.98 on Thursday. The stock’s 50 day moving average price is $3.09 and its 200 day moving average price is $3.38. The firm’s market capitalization is $157.93 million. Sequans Communications has a 52 week low of $1.65 and a 52 week high of $4.75.

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

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AWM Investment Company Inc. increased its stake in Sequans Communications by 5.6% in the second quarter. AWM Investment Company Inc. now owns 7,727,240 shares of the semiconductor company’s stock valued at $25,577,000 after acquiring an additional 407,010 shares during the period. Mutual of America Capital Management LLC increased its stake in Sequans Communications by 2.0% in the second quarter. Mutual of America Capital Management LLC now owns 2,158,643 shares of the semiconductor company’s stock valued at $7,145,000 after acquiring an additional 42,874 shares during the period. AXA bought a new stake in Sequans Communications in the second quarter valued at about $4,237,000. Thrivent Financial For Lutherans bought a new stake in Sequans Communications in the second quarter valued at about $3,294,000. Finally, Cooper Creek Partners Management LLC bought a new stake in Sequans Communications in the second quarter valued at about $3,186,000. 31.86% of the stock is currently owned by institutional investors and hedge funds.

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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