AMH Equity Ltd Buys 103,058 Shares of Sequans Communications S.A. (NYSE:SQNS)

AMH Equity Ltd raised its position in Sequans Communications S.A. (NYSE:SQNS - Free Report) by 14.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 800,000 shares of the semiconductor company's stock after buying an additional 103,058 shares during the period. Sequans Communications makes up about 2.5% of AMH Equity Ltd's holdings, making the stock its 13th biggest holding. AMH Equity Ltd owned approximately 3.25% of Sequans Communications worth $1,680,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Boothbay Fund Management LLC acquired a new stake in Sequans Communications during the fourth quarter valued at approximately $5,754,000. Two Sigma Investments LP bought a new stake in Sequans Communications during the fourth quarter valued at $205,000. Marshall Wace LLP raised its holdings in shares of Sequans Communications by 473.3% during the fourth quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company's stock worth $392,000 after purchasing an additional 92,620 shares during the period. Manatuck Hill Partners LLC bought a new position in shares of Sequans Communications in the 4th quarter worth about $218,000. Finally, Cigogne Management SA bought a new position in shares of Sequans Communications in the 4th quarter worth about $1,643,000. 63.33% of the stock is currently owned by institutional investors and hedge funds.

Sequans Communications Stock Down 10.1%

Shares of Sequans Communications stock traded down $0.30 during trading on Friday, hitting $2.67. The stock had a trading volume of 4,947,364 shares, compared to its average volume of 1,174,713. The company has a market capitalization of $67.79 million, a PE ratio of 1.22 and a beta of 0.44. Sequans Communications S.A. has a 1 year low of $1.15 and a 1 year high of $5.83. The stock has a 50 day simple moving average of $2.06 and a 200 day simple moving average of $2.32.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Sequans Communications to a "hold" rating in a research note on Friday.

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.