Oddo BHF Asset Management Sas Invests $3.45 Million in Sequans Communications S.A. (NYSE:SQNS)

Oddo BHF Asset Management Sas purchased a new position in Sequans Communications S.A. (NYSE:SQNS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,900,000 shares of the semiconductor company's stock, valued at approximately $3,451,000. Oddo BHF Asset Management Sas owned 11.60% of Sequans Communications as of its most recent SEC filing.

Sequans Communications Stock Up 5.4 %

SQNS stock traded up $0.18 during mid-day trading on Wednesday, hitting $3.49. 283,892 shares of the company were exchanged, compared to its average volume of 270,826. The company has a market capitalization of $87.23 million, a PE ratio of 2.48 and a beta of 0.36. The firm has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $2.24. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Sequans Communications S.A. has a twelve month low of $0.85 and a twelve month high of $7.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.