1,648,609 Shares in Sequans Communications S.A. (NYSE:SQNS) Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC acquired a new stake in Sequans Communications S.A. (NYSE:SQNS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and 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 about 6.60% of Sequans Communications as of its most recent SEC filing.

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

Sequans Communications Stock Performance

NYSE SQNS traded down $0.07 during mid-day trading on Wednesday, reaching $1.99. 108,420 shares of the stock were exchanged, compared to its average volume of 242,071. The business's 50 day moving average is $2.14 and its 200-day moving average is $2.64. Sequans Communications S.A. has a 1 year low of $0.95 and a 1 year high of $4.28. The company has a market capitalization of $49.01 million, a P/E ratio of 1.00 and a beta of 0.60. 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 posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. Sequans Communications had a net margin of 154.81% and a return on equity of 186.78%. On average, equities research analysts forecast that Sequans Communications S.A. will post -1.05 EPS for the current fiscal year.

Sequans Communications Company 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.