AMH Equity Ltd Grows Position in Sequans Communications S.A. (NYSE:SQNS)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of SQNS. Two Sigma Investments LP purchased a new stake in shares of Sequans Communications during the fourth quarter valued at $205,000. Manatuck Hill Partners LLC purchased a new stake in Sequans Communications in the fourth quarter valued at approximately $218,000. Marshall Wace LLP increased its stake in shares of Sequans Communications by 473.3% in the fourth quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company's stock worth $392,000 after acquiring an additional 92,620 shares during the period. FNY Investment Advisers LLC raised its stake in shares of Sequans Communications by 54.1% during the 1st quarter. FNY Investment Advisers LLC now owns 134,830 shares of the semiconductor company's stock valued at $283,000 after buying an additional 47,307 shares during the last quarter. Finally, Credit Industriel ET Commercial purchased a new position in Sequans Communications during the fourth quarter valued at approximately $1,403,000. Hedge funds and other institutional investors own 63.33% of the company's stock.

Sequans Communications Stock Performance

NYSE SQNS traded down $0.08 during trading hours on Tuesday, hitting $2.36. The company had a trading volume of 3,744,209 shares, compared to its average volume of 1,229,763. Sequans Communications S.A. has a 1-year low of $1.15 and a 1-year high of $5.83. The company has a market cap of $59.79 million, a PE ratio of 1.08 and a beta of 0.44. The business has a 50 day moving average of $2.10 and a 200-day moving average of $2.31.

Analyst Ratings Changes

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

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.