Sequans Communications SA (NYSE:SQNS) – Equities researchers at B. Riley cut their FY2018 EPS estimates for Sequans Communications in a research report issued on Wednesday, October 31st. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings per share of ($0.30) for the year, down from their previous forecast of ($0.28). B. Riley has a “Buy” rating and a $1.65 price objective on the stock. B. Riley also issued estimates for Sequans Communications’ Q1 2019 earnings at ($0.07) EPS, Q2 2019 earnings at ($0.06) EPS and Q4 2019 earnings at ($0.03) EPS.
A number of other research analysts have also weighed in on SQNS. Canaccord Genuity dropped their target price on Sequans Communications from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Wednesday. Needham & Company LLC decreased their price target on Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $2.66.
SQNS stock opened at $1.05 on Friday. Sequans Communications has a twelve month low of $1.00 and a twelve month high of $2.61. The company has a quick ratio of 0.88, a current ratio of 1.34 and a debt-to-equity ratio of 4.36.
Sequans Communications (NYSE:SQNS) last posted its earnings results on Tuesday, October 30th. The semiconductor company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.01). Sequans Communications had a negative net margin of 75.61% and a negative return on equity of 361.56%. The company had revenue of $10.30 million during the quarter, compared to the consensus estimate of $14.25 million. During the same quarter in the prior year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in shares of Sequans Communications during the second quarter valued at approximately $164,000. Banque Pictet & Cie SA purchased a new stake in shares of Sequans Communications during the second quarter valued at approximately $326,000. Gradient Investments LLC increased its position in shares of Sequans Communications by 29.3% during the second quarter. Gradient Investments LLC now owns 452,031 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 102,559 shares during the last quarter. Numen Capital LLP increased its position in shares of Sequans Communications by 55.3% during the second quarter. Numen Capital LLP now owns 664,830 shares of the semiconductor company’s stock valued at $1,355,000 after acquiring an additional 236,830 shares during the last quarter. Finally, Divisar Capital Management LLC increased its position in shares of Sequans Communications by 35.4% during the second quarter. Divisar Capital Management LLC now owns 4,759,354 shares of the semiconductor company’s stock valued at $9,709,000 after acquiring an additional 1,244,955 shares during the last quarter. 36.52% of the stock is owned by institutional investors.
About Sequans Communications
Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.
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