Yorkville Advisors Global LP Purchases New Holdings in Sequans Communications S.A. $SQNS

Yorkville Advisors Global LP acquired a new position in Sequans Communications S.A. (NYSE:SQNS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 763,003 shares of the semiconductor company’s stock, valued at approximately $7,218,000. Sequans Communications accounts for approximately 1.5% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 7th biggest position. Yorkville Advisors Global LP owned 5.32% of Sequans Communications as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. NewGen Asset Management Ltd bought a new position in shares of Sequans Communications during the second quarter valued at approximately $4,638,000. Hood River Capital Management LLC bought a new stake in shares of Sequans Communications during the 2nd quarter worth approximately $20,746,000. Bank of America Corp DE bought a new stake in shares of Sequans Communications during the 3rd quarter worth approximately $26,000. Alyeska Investment Group L.P. purchased a new position in Sequans Communications during the 3rd quarter valued at $2,590,000. Finally, Boothbay Fund Management LLC boosted its holdings in Sequans Communications by 1.5% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,673,609 shares of the semiconductor company’s stock valued at $2,460,000 after acquiring an additional 25,000 shares during the period. Institutional investors own 63.33% of the company’s stock.

Sequans Communications Trading Up 1.7%

Shares of NYSE SQNS opened at $3.28 on Wednesday. Sequans Communications S.A. has a twelve month low of $2.72 and a twelve month high of $58.30. The firm has a market cap of $46.93 million, a PE ratio of -0.26 and a beta of 0.37. The business has a fifty day simple moving average of $3.94 and a two-hundred day simple moving average of $6.06. The company has a quick ratio of 0.79, a current ratio of 0.89 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

SQNS has been the topic of a number of recent analyst reports. B. Riley Financial reduced their target price on Sequans Communications from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Lake Street Capital started coverage on shares of Sequans Communications in a research note on Wednesday, December 10th. They set a “buy” rating and a $18.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sequans Communications in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.33.

Insider Buying and Selling at Sequans Communications

In other Sequans Communications news, major shareholder Daniel Asher acquired 12,300 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was bought at an average cost of $5.12 per share, with a total value of $62,976.00. Following the completion of the purchase, the insider directly owned 140,011,100 shares in the company, valued at $716,856,832. The trade was a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 223,032 shares of company stock valued at $1,194,030 in the last ninety days. Insiders own 9.40% of the company’s stock.

Sequans Communications Company Profile

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.