Boothbay Fund Management LLC Makes New Investment in Sequans Communications S.A. (NYSE:SQNS)

Boothbay Fund Management LLC bought a new position in Sequans Communications S.A. (NYSE:SQNS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,648,609 shares of the semiconductor company's stock, valued at approximately $5,754,000. Boothbay Fund Management LLC owned approximately 6.60% of Sequans Communications at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SQNS. Marshall Wace LLP raised 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 buying an additional 92,620 shares during the period. Credit Industriel ET Commercial acquired a new stake in shares of Sequans Communications during the fourth quarter worth approximately $1,403,000. Cigogne Management SA purchased a new position in Sequans Communications during the fourth quarter valued at approximately $1,643,000. AMH Equity Ltd purchased a new stake in Sequans Communications in the 4th quarter worth approximately $2,432,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Sequans Communications during the 3rd quarter valued at $3,451,000. Institutional investors and hedge funds own 63.33% of the company's stock.

Sequans Communications Stock Up 2.5 %

Shares of NYSE SQNS traded up $0.05 during trading hours on Friday, hitting $2.06. The stock had a trading volume of 15,494 shares, compared to its average volume of 241,510. The company has a market capitalization of $50.73 million, a P/E ratio of 1.03 and a beta of 0.60. The firm's 50-day moving average price is $2.12 and its two-hundred day moving average price is $2.64. 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 S.A. has a 52 week low of $0.95 and a 52 week high of $4.28.

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

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.