Sequans Communications S.A. (NYSE:SQNS)‘s stock had its “buy” rating reiterated by Northland Securities in a research note issued on Friday. They presently have a $5.00 target price on the semiconductor company’s stock. Northland Securities’ price objective would suggest a potential upside of 42.86% from the stock’s previous close.

Several other brokerages have also weighed in on SQNS. Canaccord Genuity lifted their target price on shares of Sequans Communications from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. B. Riley reiterated a “buy” rating and set a $6.00 target price (up from $4.50) on shares of Sequans Communications in a research report on Wednesday, June 7th. Zacks Investment Research upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, ValuEngine raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $4.89.

Sequans Communications (NYSE:SQNS) traded up 2.04% during midday trading on Friday, reaching $3.50. 281,550 shares of the company traded hands. The firm’s 50 day moving average price is $3.00 and its 200 day moving average price is $3.37. Sequans Communications has a 12 month low of $1.62 and a 12 month high of $4.75. The firm’s market capitalization is $279.17 million.

Sequans Communications (NYSE:SQNS) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Sequans Communications had a negative net margin of 42.44% and a negative return on equity of 212.46%. The business had revenue of $13.22 million for the quarter, compared to analyst estimates of $14.48 million. During the same quarter last year, the firm posted ($0.10) earnings per share. Sequans Communications’s revenue was up 33.8% on a year-over-year basis. On average, analysts expect that Sequans Communications will post ($0.22) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/09/23/sequans-communications-sqns-buy-rating-reiterated-at-northland-securities.html.

A number of hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. lifted its holdings in 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 valued at $25,577,000 after purchasing an additional 407,010 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Sequans Communications by 2.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,158,643 shares of the semiconductor company’s stock valued at $7,145,000 after purchasing an additional 42,874 shares during the last quarter. AXA bought a new position in Sequans Communications during the 2nd quarter valued at about $4,237,000. Thrivent Financial For Lutherans bought a new position in Sequans Communications during the 2nd quarter valued at about $3,294,000. Finally, Cooper Creek Partners Management LLC bought a new position in Sequans Communications during the 2nd quarter valued at about $3,186,000. 31.86% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Sequans Communications (NYSE:SQNS)

Receive News & Ratings for Sequans Communications S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequans Communications S.A. and related companies with MarketBeat.com's FREE daily email newsletter.