Research analysts at Roth Capital initiated coverage on shares of Sequans Communications (NYSE:SQNS) in a note issued to investors on Friday. The brokerage set a “buy” rating and a $4.00 price target on the semiconductor company’s stock. Roth Capital’s target price would suggest a potential upside of 59.36% from the company’s current price.

Other equities analysts have also issued research reports about the stock. ValuEngine lowered shares of Sequans Communications from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Canaccord Genuity restated a “buy” rating and set a $4.25 price objective (down previously from $6.00) on shares of Sequans Communications in a research report on Thursday, October 5th. B. Riley restated a “buy” rating and set a $3.50 price objective (down previously from $5.50) on shares of Sequans Communications in a research report on Wednesday, October 4th. Benchmark reduced their price objective on shares of Sequans Communications from $5.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Finally, Robert W. Baird reduced their price objective on shares of Sequans Communications from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Sequans Communications presently has an average rating of “Buy” and a consensus price target of $3.96.

Sequans Communications (NYSE:SQNS) opened at $2.51 on Friday. The stock has a market cap of $160.77, a PE ratio of -8.10 and a beta of 2.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.95. Sequans Communications has a 12-month low of $1.68 and a 12-month high of $4.75.

Sequans Communications (NYSE:SQNS) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.07). Sequans Communications had a negative net margin of 46.93% and a negative return on equity of 256.90%. The firm had revenue of $11.30 million during the quarter, compared to analyst estimates of $11.08 million. During the same quarter in the prior year, the firm posted ($0.07) EPS. Sequans Communications’s revenue was down 9.6% compared to the same quarter last year. equities analysts forecast that Sequans Communications will post -0.27 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. FNY Managed Accounts LLC purchased a new stake in Sequans Communications during the second quarter valued at about $134,000. Mutual of America Capital Management LLC lifted its stake in Sequans Communications by 2.0% during the second 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 buying an additional 42,874 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Sequans Communications during the second quarter valued at about $162,000. Granite Point Capital Management L.P. purchased a new stake in Sequans Communications during the first quarter valued at about $138,000. Finally, FNY Partners Fund LP lifted its stake in Sequans Communications by 657.3% during the first quarter. FNY Partners Fund LP now owns 71,939 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 62,439 shares in the last quarter. 31.77% of the stock is owned by institutional investors.

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About Sequans Communications

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)

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