Sequans Communications (NYSE:SQNS) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNS) in a research report sent to investors on Friday. The brokerage issued a sell rating on the semiconductor company’s stock.

Sequans Communications Stock Up 3.1 %

Shares of NYSE SQNS opened at $0.57 on Friday. The business has a fifty day simple moving average of $0.57 and a two-hundred day simple moving average of $1.24. Sequans Communications has a twelve month low of $0.34 and a twelve month high of $2.97.

Institutional Investors Weigh In On Sequans Communications

A number of institutional investors and hedge funds have recently bought and sold shares of SQNS. Black Maple Capital Management LP bought a new stake in Sequans Communications during the 4th quarter valued at $43,000. FNY Investment Advisers LLC raised its position in shares of Sequans Communications by 953.1% in the 4th quarter. FNY Investment Advisers LLC now owns 315,916 shares of the semiconductor company’s stock worth $894,000 after acquiring an additional 285,916 shares in the last quarter. Vazirani Asset Management LLC bought a new position in shares of Sequans Communications in the 4th quarter worth $1,840,000. Finally, Bardin Hill Management Partners LP bought a new position in shares of Sequans Communications in the 4th quarter worth $2,497,000. 63.33% of the stock is owned by institutional investors.

Sequans Communications Company 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.