Yorkville Advisors Global LP Takes $7.22 Million Position in Sequans Communications S.A. $SQNS

Yorkville Advisors Global LP purchased a new position in Sequans Communications S.A. (NYSE:SQNS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 763,003 shares of the semiconductor company’s stock, valued at approximately $7,218,000. Sequans Communications accounts for approximately 1.5% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 7th largest holding. Yorkville Advisors Global LP owned about 0.05% of Sequans Communications at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SQNS. Alyeska Investment Group L.P. bought a new position in Sequans Communications in the third quarter worth approximately $2,590,000. Moore Capital Management LP bought a new stake in Sequans Communications during the 3rd quarter valued at $581,000. Bank of America Corp DE bought a new stake in Sequans Communications during the 3rd quarter valued at $26,000. Krilogy Financial LLC purchased a new position in shares of Sequans Communications in the 3rd quarter valued at $568,000. Finally, NewGen Asset Management Ltd bought a new position in shares of Sequans Communications in the 2nd quarter worth $4,638,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SQNS shares. B. Riley Financial decreased their price objective on Sequans Communications from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Sequans Communications in a research note on Monday, December 29th. Finally, Lake Street Capital initiated coverage on shares of Sequans Communications in a research report on Wednesday, December 10th. They set a “buy” rating and a $18.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.33.

Sequans Communications Stock Up 1.7%

Sequans Communications stock opened at $3.28 on Wednesday. Sequans Communications S.A. has a 1-year low of $2.72 and a 1-year high of $58.30. The business has a fifty day moving average price of $3.94 and a 200-day moving average price of $6.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.89 and a quick ratio of 0.79. The stock has a market capitalization of $46.93 million, a price-to-earnings ratio of -0.26 and a beta of 0.37.

Insider Buying and Selling

In other Sequans Communications news, major shareholder Daniel Asher purchased 12,300 shares of the stock in a transaction on Monday, January 26th. The stock was acquired at an average price of $5.12 per share, with a total value of $62,976.00. Following the completion of the acquisition, the insider owned 140,011,100 shares in the company, valued at $716,856,832. The trade was a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought 223,032 shares of company stock valued at $1,194,030 in the last three months. Company insiders own 9.40% of the company’s stock.

About Sequans Communications

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.