Boothbay Fund Management LLC Purchases New Position in Sequans Communications S.A. (NYSE:SQNS)

Boothbay Fund Management LLC acquired a new stake in shares of Sequans Communications S.A. (NYSE:SQNS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,648,609 shares of the semiconductor company's stock, valued at approximately $5,754,000. Boothbay Fund Management LLC owned approximately 6.60% of Sequans Communications as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new position in Sequans Communications during the 3rd quarter worth $3,451,000. AMH Equity Ltd acquired a new position in Sequans Communications during the fourth quarter worth about $2,432,000. Cigogne Management SA acquired a new position in Sequans Communications during the fourth quarter worth about $1,643,000. Credit Industriel ET Commercial acquired a new position in Sequans Communications during the fourth quarter worth about $1,403,000. Finally, Marshall Wace LLP increased its stake in Sequans Communications by 473.3% in the 4th quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company's stock worth $392,000 after purchasing an additional 92,620 shares in the last quarter. Institutional investors and hedge funds own 63.33% of the company's stock.

Sequans Communications Trading Down 0.5 %

SQNS traded down $0.01 during trading on Tuesday, reaching $2.06. The company had a trading volume of 50,860 shares, compared to its average volume of 241,751. The firm's 50-day simple moving average is $2.14 and its 200 day simple moving average is $2.64. The company has a market cap of $50.73 million, a price-to-earnings ratio of 1.03 and a beta of 0.60. Sequans Communications S.A. has a 12-month low of $0.95 and a 12-month high of $4.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.21.

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

Sequans Communications 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.