Sequans Communications S.A. (NYSE:SQNS - Free Report) - Research analysts at Roth Capital lowered their Q3 2026 earnings per share (EPS) estimates for Sequans Communications in a research note issued to investors on Wednesday, July 16th. Roth Capital analyst S. Searle now expects that the semiconductor company will earn ($0.08) per share for the quarter, down from their prior forecast of ($0.07). The consensus estimate for Sequans Communications' current full-year earnings is ($1.05) per share.
Separately, Wall Street Zen upgraded shares of Sequans Communications to a "hold" rating in a research report on Friday.
Read Our Latest Analysis on SQNS
Sequans Communications Stock Down 10.1%
SQNS opened at $2.67 on Monday. Sequans Communications has a 52 week low of $1.15 and a 52 week high of $5.83. The firm has a 50-day simple moving average of $2.06 and a two-hundred day simple moving average of $2.32. The company has a market capitalization of $67.79 million, a PE ratio of 1.22 and a beta of 0.44.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SQNS. XTX Topco Ltd bought a new stake in Sequans Communications during the first quarter worth approximately $70,000. FNY Investment Advisers LLC boosted its holdings in shares of Sequans Communications by 54.1% in the 1st quarter. FNY Investment Advisers LLC now owns 134,830 shares of the semiconductor company's stock worth $283,000 after purchasing an additional 47,307 shares during the period. Two Sigma Investments LP bought a new position in shares of Sequans Communications during the 4th quarter valued at approximately $205,000. Manatuck Hill Partners LLC purchased a new stake in Sequans Communications during the 4th quarter valued at $218,000. Finally, Marshall Wace LLP raised its holdings in Sequans Communications by 473.3% during the 4th 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. Institutional investors own 63.33% of the company's stock.
Sequans Communications Company Profile
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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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