Sequans Communications (NYSE:SQNS) receives a Hold rating from analysts at | Panda Anku began reporting shares of Sequans Communications (NYSE:SQNS – Get Valuation) in a note issued to investors on Wednesday. The company has given the semiconductor company’s stock a “Hold” rating.

Separately, B. Riley lowered its price target on Sequans Communications to $5.00 from $6.00 and gave the company a “buy” rating in a report Wednesday, June 15.

Sequans Communications shares up 6.5%

NYSE SQNS opened at $3.28 on Wednesday. The stock has a 50-day moving average price of $2.87 and a 200-day moving average price of $3.05. Sequans Communications has a yearly low of $2.28 and a yearly high of $6.20. The company has a market cap of $156.73 million, a P/E of -14.26 and a beta of 0.94. The company has a debt to equity ratio of 6.77, a quick ratio of 1.06 and a current ratio of 1.23.

Sequans Communications (NYSE:SQNS – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. For the same period last year, the company made ($0.17) earnings per share. As a group, equity analysts are forecasting that Sequans Communications will post -0.33 EPS for the current fiscal year.

Hedge funds participate in Sequan communications

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A number of hedge funds and other institutional investors have recently changed their positions in the company. B. Riley Asset Management LLC increased its stake in Sequans Communications by 368.0% during the first quarter. B. Riley Asset Management LLC now owns 3,603,333 shares of the semiconductor company’s stock valued at $10,954,000 after purchasing an additional 2,833,333 shares during the period. Divisar Capital Management LLC increased its stake in Sequans Communications by 99.0% during the first quarter. Divisar Capital Management LLC now owns 3,082,370 shares of the semiconductor company valued at $9,370,000 after purchasing an additional 1,533,332 shares during the period. B. Riley Financial Inc. bought a new position in Sequans Communications stock valued at $3,369,000 during the first quarter. Invenire Partners LP acquired a new interest in Sequans Communications stock valued at $1,814,000 during the fourth quarter. Finally, Lynrock Lake LP increased its position in Sequans Communications by 9.0% in the fourth quarter. Lynrock Lake LP now owns 4,483,889 shares of the semiconductor company valued at $21,254,000 after purchasing an additional 370,062 shares last quarter. Institutional investors own 99.44% of the company’s shares.

About Sequans Communications

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Sequans Communications SA designs, develops and delivers cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, South Korea, China, rest of Asia, United States and internationally. It offers a range of 5G/4G chips and modules for non-smartphone devices.

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