AMH Equity Ltd Invests $2.43 Million in Sequans Communications S.A. (NYSE:SQNS)

AMH Equity Ltd bought a new stake in Sequans Communications S.A. (NYSE:SQNS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 696,942 shares of the semiconductor company’s stock, valued at approximately $2,432,000. Sequans Communications makes up approximately 2.4% of AMH Equity Ltd’s holdings, making the stock its 11th largest holding. AMH Equity Ltd owned approximately 2.79% of Sequans Communications at the end of the most recent quarter.

Separately, Oddo BHF Asset Management Sas acquired a new position in Sequans Communications during the third quarter worth $3,451,000. 63.33% of the stock is owned by institutional investors.

Sequans Communications Stock Performance

Shares of SQNS opened at $2.37 on Thursday. Sequans Communications S.A. has a 52 week low of $0.85 and a 52 week high of $4.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.13 and a current ratio of 2.21. The stock has a 50 day moving average price of $3.05 and a two-hundred day moving average price of $2.72. The firm has a market capitalization of $59.58 million, a P/E ratio of 1.19 and a beta of 0.36.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Sequans Communications had a return on equity of 186.78% and a net margin of 154.81%. Equities analysts forecast that Sequans Communications S.A. will post -1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

Sequans Communications 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.