Nokomis Capital L.L.C. Sells 336,186 Shares of Sequans Communications S.A. (NYSE:SQNS)

Nokomis Capital L.L.C. trimmed its position in Sequans Communications S.A. (NYSE:SQNS) by 64.2% in the 4th quarter, Holdings Channel reports. The firm owned 187,114 shares of the semiconductor company’s stock after selling 336,186 shares during the quarter. Nokomis Capital L.L.C.’s holdings in Sequans Communications were worth $653,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SQNS. Manatuck Hill Partners LLC purchased a new stake in shares of Sequans Communications in the fourth quarter worth $218,000. Marshall Wace LLP grew its position in Sequans Communications by 473.3% during the fourth quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company’s stock worth $392,000 after buying an additional 92,620 shares in the last quarter. Credit Industriel ET Commercial bought a new position in Sequans Communications in the 4th quarter worth about $1,403,000. Cigogne Management SA purchased a new stake in shares of Sequans Communications in the 4th quarter valued at about $1,643,000. Finally, AMH Equity Ltd bought a new stake in shares of Sequans Communications during the 4th quarter valued at about $2,432,000. 63.33% of the stock is owned by institutional investors.

Sequans Communications Stock Up 0.6%

Shares of NYSE SQNS opened at $1.60 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $2.01 and a 200-day moving average of $2.60. The firm has a market capitalization of $39.40 million, a price-to-earnings ratio of 0.80 and a beta of 0.51. Sequans Communications S.A. has a 12 month low of $0.95 and a 12 month high of $4.28.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. Sell-side analysts expect that Sequans Communications S.A. will post -1.05 earnings per share for the current fiscal year.

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.