Sequans Communications S.A. (NYSE:SQNS - Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders acquired 5,400 call options on the company. This represents an increase of 243% compared to the average volume of 1,575 call options.
Institutional Trading of Sequans Communications
Several institutional investors have recently added to or reduced their stakes in SQNS. Boothbay Fund Management LLC purchased a new position in shares of Sequans Communications in the 4th quarter valued at $5,754,000. Two Sigma Investments LP acquired a new position in shares of Sequans Communications during the 4th quarter worth $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 valued at $392,000 after buying an additional 92,620 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Sequans Communications during the fourth quarter worth $218,000. Finally, Cigogne Management SA purchased a new stake in shares of Sequans Communications in the 4th quarter worth about $1,643,000. Institutional investors and hedge funds own 63.33% of the company's stock.
Sequans Communications Stock Up 28.0%
Shares of Sequans Communications stock traded up $1.09 during midday trading on Friday, hitting $4.99. The company had a trading volume of 12,720,428 shares, compared to its average volume of 989,216. The company has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $2.30. The stock has a market cap of $126.71 million, a price-to-earnings ratio of 2.30 and a beta of 0.44. Sequans Communications has a 12-month low of $0.95 and a 12-month high of $5.47.
About Sequans Communications
(
Get Free Report)
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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