Key Points
- Daniel Asher purchased 21,900 SQNS shares on Jan. 7 at $4.91 each (~$107,529), increasing his holdings to 1,193,403 shares — a 1.87% rise in ownership.
- Analysts show a Moderate Buy consensus with an average target of $10.83, though coverage is mixed (one Strong Buy, three Buy, one Sell) and price targets range up to $18.
- Sequans is a small-cap semiconductor (market cap ≈ $71.97M) with a negative P/E (-0.62) and a wide 1‑year range ($4.44–$58.30), while institutions hold about 63.33% of the stock, signaling both volatility and notable institutional interest.
Sequans Communications S.A. (NYSE:SQNS - Get Free Report) major shareholder Daniel Asher acquired 21,900 shares of the business's stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average cost of $4.91 per share, for a total transaction of $107,529.00. Following the acquisition, the insider owned 1,193,403 shares in the company, valued at $5,859,608.73. This represents a 1.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Sequans Communications Stock Performance
Sequans Communications stock opened at $5.02 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.97 and a quick ratio of 0.87. Sequans Communications S.A. has a 1 year low of $4.44 and a 1 year high of $58.30. The company has a market capitalization of $71.97 million, a P/E ratio of -0.62 and a beta of 0.22. The business has a 50 day moving average of $5.63 and a 200-day moving average of $4.63.
Analyst Upgrades and Downgrades
SQNS has been the topic of several analyst reports. Lake Street Capital assumed coverage on Sequans Communications in a report on Wednesday, December 10th. They issued a "buy" rating and a $18.00 target price on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Sequans Communications in a research report on Monday, December 29th. Finally, B. Riley decreased their price objective on shares of Sequans Communications from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.83.
Read Our Latest Report on SQNS
Institutional Trading of Sequans Communications
Hedge funds have recently bought and sold shares of the business. NewGen Asset Management Ltd bought a new stake in Sequans Communications in the second quarter worth about $4,638,000. Hood River Capital Management LLC bought a new stake in shares of Sequans Communications in the 2nd quarter worth approximately $20,746,000. Credit Industriel ET Commercial increased its holdings in shares of Sequans Communications by 48.8% in the second quarter. Credit Industriel ET Commercial now owns 598,166 shares of the semiconductor company's stock worth $879,000 after buying an additional 196,162 shares during the period. NewGen Equity Long Short Fund purchased a new stake in Sequans Communications during the 2nd quarter valued at $4,638,000. Finally, Meteora Capital LLC bought a new position in shares of Sequans Communications during the second quarter valued at approximately $74,000. 63.33% of the stock is currently owned by institutional investors.
About Sequans Communications
(
Get Free Report)
Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans's products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.
The company's portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.
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