AMH Equity Ltd Takes Position in Sequans Communications S.A. (NYSE:SQNS)

AMH Equity Ltd purchased a new stake in shares of Sequans Communications S.A. (NYSE:SQNS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 696,942 shares of the semiconductor company's stock, valued at approximately $2,432,000. Sequans Communications comprises 2.4% of AMH Equity Ltd's investment portfolio, making the stock its 11th largest position. AMH Equity Ltd owned approximately 2.79% of Sequans Communications as of its most recent SEC filing.

Separately, Oddo BHF Asset Management Sas purchased a new position in shares of Sequans Communications in the 3rd quarter worth approximately $3,451,000. 63.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sequans Communications from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th.

Sequans Communications Stock Performance

Shares of Sequans Communications stock remained flat at $2.37 during trading on Friday. 80,743 shares of the stock traded hands, compared to its average volume of 122,216. The stock has a market capitalization of $59.58 million, a price-to-earnings ratio of 1.19 and a beta of 0.36. Sequans Communications S.A. has a 52-week low of $0.85 and a 52-week high of $4.28. The company's 50 day moving average price is $3.03 and its 200-day moving average price is $2.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.21.

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Sequans Communications (NYSE:SQNS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. As a group, equities analysts expect that Sequans Communications S.A. will post -1.05 EPS for the current year.

Sequans Communications Company Profile

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.