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.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported ($0.07) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). Sequans Communications had a negative return on equity of 256.90% and a negative net margin of 46.93%. The business had revenue of $11.30 million for the quarter, compared to analyst estimates of $11.08 million. During the same quarter in the prior year, the company posted ($0.07) EPS. The company’s quarterly revenue was down 9.6% on a year-over-year basis. research analysts expect that Sequans Communications will post -0.28 earnings per share for the current year.

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.

Analyst Recommendations for Sequans Communications (NYSE:SQNS)

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