Sequans Communications (NYSE:SQNS – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.
Separately, Zacks Research raised shares of Sequans Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sequans Communications has an average rating of “Moderate Buy” and a consensus target price of $20.33.
Check Out Our Latest Report on Sequans Communications
Sequans Communications Price Performance
Institutional Trading of Sequans Communications
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in Sequans Communications in the third quarter valued at $26,000. XTX Topco Ltd purchased a new position in shares of Sequans Communications during the fourth quarter worth about $73,000. Virtu Financial LLC acquired a new stake in shares of Sequans Communications during the fourth quarter worth about $75,000. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Sequans Communications during the fourth quarter worth about $85,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Sequans Communications in the 4th quarter valued at about $101,000. Institutional investors and hedge funds own 63.33% 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.
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