Stifel Financial Corp Sells 62,592 Shares of Sequans Communications S.A. (NYSE:SQNS)

Stifel Financial Corp decreased its holdings in Sequans Communications S.A. (NYSE:SQNS) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 491,708 shares of the semiconductor company’s stock after selling 62,592 shares during the period. Stifel Financial Corp’s holdings in Sequans Communications were worth $585,000 as of its most recent SEC filing.

Sequans Communications Stock Up 4.1 %

Shares of SQNS opened at $3.30 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.36. Sequans Communications S.A. has a 52 week low of $0.85 and a 52 week high of $7.43. The stock has a market capitalization of $82.48 million, a price-to-earnings ratio of 2.34 and a beta of 0.36. The stock has a fifty day moving average of $2.80 and a 200-day moving average of $2.18.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

Sequans Communications Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.