Sequans Communications S.A. (NYSE:SQNS) Stock Position Reduced by Bpifrance SA

Bpifrance SA reduced its stake in shares of Sequans Communications S.A. (NYSE:SQNS - Free Report) by 60.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,320,006 shares of the semiconductor company's stock after selling 1,980,012 shares during the period. Sequans Communications accounts for about 0.2% of Bpifrance SA's portfolio, making the stock its 3rd largest holding. Bpifrance SA owned approximately 5.28% of Sequans Communications worth $4,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Oddo BHF Asset Management Sas acquired a new position in Sequans Communications in the third quarter valued at approximately $3,451,000. Institutional investors and hedge funds own 63.33% of the company's stock.

Sequans Communications Trading Down 1.4 %

SQNS traded down $0.04 during trading hours on Wednesday, reaching $2.56. The company's stock had a trading volume of 38,126 shares, compared to its average volume of 134,795. Sequans Communications S.A. has a fifty-two week low of $0.85 and a fifty-two week high of $7.17. The stock has a market cap of $64.23 million, a PE ratio of 1.28 and a beta of 0.36. The business's 50-day moving average is $3.10 and its 200-day moving average is $2.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.21 and a quick ratio of 2.13.

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

Analyst Ratings Changes

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

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.