AMH Equity Ltd Purchases New Stake in Sequans Communications S.A. (NYSE:SQNS)

AMH Equity Ltd acquired a new position in Sequans Communications S.A. (NYSE:SQNS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 696,942 shares of the semiconductor company’s stock, valued at approximately $2,432,000. Sequans Communications accounts for about 2.4% of AMH Equity Ltd’s portfolio, making the stock its 11th largest position.

Separately, Oddo BHF Asset Management Sas purchased a new stake in shares of Sequans Communications during the 3rd quarter worth approximately $3,451,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sequans Communications Stock Down 0.8 %

Shares of NYSE SQNS opened at $2.37 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.21 and a quick ratio of 2.13. The stock has a market capitalization of $59.58 million, a PE ratio of 1.19 and a beta of 0.36. Sequans Communications S.A. has a one year low of $0.85 and a one year high of $4.28. The business’s fifty day moving average price is $3.05 and its 200-day moving average price is $2.72.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. On average, equities research analysts anticipate that Sequans Communications S.A. will post -1.05 EPS for the current year.

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.