Sequans Communications S.A. (NYSE:SQNS) is Bpifrance SA’s 3rd Largest Position

Bpifrance SA lessened its holdings in Sequans Communications S.A. (NYSE:SQNS) by 60.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,320,006 shares of the semiconductor company’s stock after selling 1,980,012 shares during the period. Sequans Communications accounts for approximately 0.2% of Bpifrance SA’s portfolio, making the stock its 3rd largest position. Bpifrance SA owned 0.05% of Sequans Communications worth $4,607,000 at the end of the most recent reporting period.

Separately, Oddo BHF Asset Management Sas bought a new position in Sequans Communications in the third quarter worth about $3,451,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Sequans Communications Price Performance

Shares of Sequans Communications stock opened at $2.62 on Friday. Sequans Communications S.A. has a twelve month low of $0.85 and a twelve month high of $7.30. The firm has a market cap of $65.47 million, a PE ratio of 1.86 and a beta of 0.36. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $3.13 and a 200 day moving average price of $2.64.

Sequans Communications (NYSE:SQNS) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Sequans Communications had a net margin of 138.26% and a return on equity of 403.46%. Sell-side analysts predict that Sequans Communications S.A. will post 2.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Sequans Communications

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.