Northland Securities reissued their buy rating on shares of Sequans Communications S.A. (NYSE:SQNS) in a report published on Friday morning. Northland Securities currently has a $5.00 price objective on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on the company. BidaskClub upgraded Sequans Communications from a sell rating to a hold rating in a research note on Wednesday, September 20th. Canaccord Genuity restated a buy rating on shares of Sequans Communications in a research note on Wednesday, September 13th. Zacks Investment Research upgraded Sequans Communications from a sell rating to a hold rating in a research note on Tuesday, September 5th. B. Riley restated a buy rating and issued a $5.50 price objective on shares of Sequans Communications in a research note on Wednesday, August 30th. Finally, Robert W. Baird assumed coverage on Sequans Communications in a research note on Wednesday, August 2nd. They issued an outperform rating and a $5.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $4.89.

Shares of Sequans Communications (SQNS) opened at 3.50 on Friday. The firm’s market cap is $279.17 million. The firm’s 50-day moving average price is $3.00 and its 200 day moving average price is $3.37. Sequans Communications has a one year low of $1.62 and a one year high of $4.75.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The business had revenue of $13.22 million during the quarter, compared to the consensus estimate of $14.48 million. Sequans Communications had a negative net margin of 42.44% and a negative return on equity of 212.46%. The firm’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) EPS. Analysts predict that Sequans Communications will post ($0.22) EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. lifted its position in shares of Sequans Communications by 5.6% during 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 last quarter. Verition Fund Management LLC purchased a new position in shares of Sequans Communications during the 2nd quarter valued at $220,000. Manatuck Hill Partners LLC lifted its position in shares of Sequans Communications by 47.2% during the 2nd quarter. Manatuck Hill Partners LLC now owns 312,000 shares of the semiconductor company’s stock valued at $1,033,000 after buying an additional 100,000 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Sequans Communications during the 2nd quarter valued at $162,000. Finally, B. Riley Financial Inc. purchased a new position in shares of Sequans Communications during the 2nd quarter valued at $841,000. 31.86% of the stock is currently owned by hedge funds and other institutional investors.

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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