Sequans Communications S.A. (NYSE:SQNS - Get Free Report) saw unusually large options trading activity on Friday. Investors purchased 5,400 call options on the stock. This represents an increase of 243% compared to the typical volume of 1,575 call options.
Institutional Investors Weigh In On Sequans Communications
A number of institutional investors have recently made changes to their positions in SQNS. Boothbay Fund Management LLC bought a new position in shares of Sequans Communications in the 4th quarter worth about $5,754,000. Two Sigma Investments LP acquired a new stake in Sequans Communications during the fourth quarter worth approximately $205,000. Marshall Wace LLP increased its holdings in 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 purchasing an additional 92,620 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in Sequans Communications in the fourth quarter worth approximately $218,000. Finally, Cigogne Management SA acquired a new position in Sequans Communications in the fourth quarter valued at approximately $1,643,000. Institutional investors own 63.33% of the company's stock.
Sequans Communications Stock Performance
Shares of SQNS traded up $0.94 during trading hours on Monday, reaching $5.44. The stock had a trading volume of 11,491,592 shares, compared to its average volume of 1,064,112. The stock has a market capitalization of $138.21 million, a PE ratio of 2.49 and a beta of 0.44. Sequans Communications has a 12 month low of $0.95 and a 12 month high of $6.14. The company's 50-day moving average is $1.83 and its two-hundred day moving average is $2.30.
About Sequans Communications
(
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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.
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