Sequans Communications (NYSE:SQNS) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Sequans Communications (NYSE:SQNS) in a research note issued on Monday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Separately, Roth Mkm restated a “buy” rating and set a $3.00 target price on shares of Sequans Communications in a research report on Monday, August 26th.

Sequans Communications Trading Up 0.9 %

Sequans Communications stock opened at $1.11 on Monday. Sequans Communications has a 12 month low of $0.34 and a 12 month high of $2.97. The business’s 50 day simple moving average is $0.79 and its 200 day simple moving average is $0.62. The company has a market cap of $69.01 million, a price-to-earnings ratio of -1.41 and a beta of 0.24.

Institutional Investors Weigh In On Sequans Communications

A number of institutional investors and hedge funds have recently made changes to their positions in SQNS. Bardin Hill Management Partners LP bought a new position in Sequans Communications in the fourth quarter valued at $2,497,000. Vazirani Asset Management LLC purchased a new stake in shares of Sequans Communications during the fourth quarter worth about $1,840,000. Finally, Black Maple Capital Management LP purchased a new stake in shares of Sequans Communications during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

About Sequans Communications

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.