Sequans Communications SA (NYSE:SQNS) has received a consensus rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $3.96.
A number of equities analysts have issued reports on the company. Roth Capital assumed coverage on Sequans Communications in a research note on Friday, January 5th. They set a “buy” rating and a $4.00 price target for the company. Zacks Investment Research upgraded Sequans Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Robert W. Baird cut their price target on Sequans Communications from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Benchmark cut their price target on Sequans Communications from $5.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $4.25 price target (down previously from $6.00) on shares of Sequans Communications in a research note on Thursday, October 5th.
Several institutional investors have recently bought and sold shares of SQNS. AXA bought a new position in shares of Sequans Communications during the 2nd quarter worth approximately $4,237,000. Thrivent Financial For Lutherans bought a new position in shares of Sequans Communications during the 2nd quarter worth approximately $3,294,000. Cooper Creek Partners Management LLC bought a new position in shares of Sequans Communications during the 2nd quarter worth approximately $3,186,000. EAM Investors LLC bought a new position in shares of Sequans Communications during the 2nd quarter worth approximately $1,741,000. Finally, 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 worth $25,577,000 after buying an additional 407,010 shares in the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.
Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $11.30 million during the quarter, compared to the consensus estimate of $11.08 million. Sequans Communications had a negative return on equity of 256.90% and a negative net margin of 46.93%. The company’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. equities research analysts expect that Sequans Communications will post -0.27 earnings per share for the current fiscal year.
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.
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