Sequans Communications (SQNS) Coverage Initiated by Analysts at B. Riley
B. Riley began coverage on shares of Sequans Communications (NYSE:SQNS) in a report issued on Wednesday morning. The brokerage issued a buy rating and a $3.25 price objective on the semiconductor company’s stock. B. Riley also issued estimates for Sequans Communications’ Q3 2019 earnings at ($0.02) EPS and Q4 2019 earnings at ($0.01) EPS.
Several other equities analysts have also commented on the company. Zacks Investment Research raised Sequans Communications from a sell rating to a hold rating in a research note on Tuesday, December 12th. ValuEngine lowered Sequans Communications from a hold rating to a sell rating in a research note on Thursday, October 5th. Robert W. Baird cut their price objective on Sequans Communications from $5.00 to $4.00 and set an outperform rating on the stock in a report on Tuesday, October 10th. Northland Securities reiterated a buy rating and issued a $5.00 price objective on shares of Sequans Communications in a report on Friday, September 22nd. Finally, Roth Capital began coverage on Sequans Communications in a report on Friday, January 5th. They issued a buy rating and a $4.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Sequans Communications presently has a consensus rating of Buy and an average target price of $3.86.
Shares of Sequans Communications (SQNS) traded down $0.03 during trading on Wednesday, hitting $1.79. The stock had a trading volume of 344,186 shares, compared to its average volume of 541,133. Sequans Communications has a twelve month low of $1.68 and a twelve month high of $4.75. The firm has a market cap of $145.31, a price-to-earnings ratio of -5.77 and a beta of 2.41. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.80.
Several hedge funds have recently bought and sold shares of the stock. AWM Investment Company Inc. raised its holdings in shares of Sequans Communications by 5.6% in the 2nd quarter. AWM Investment Company Inc. now owns 7,727,240 shares of the semiconductor company’s stock valued at $25,577,000 after buying an additional 407,010 shares during the period. Thrivent Financial For Lutherans purchased a new stake in shares of Sequans Communications in the 2nd quarter valued at $3,294,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Sequans Communications in the 2nd quarter valued at $3,186,000. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Sequans Communications by 18.5% in 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 period. Finally, EAM Investors LLC purchased a new stake in shares of Sequans Communications in the 2nd quarter valued at $1,741,000. Hedge funds and other institutional investors own 31.77% 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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