FNY Investment Advisers LLC Reduces Stock Position in Sequans Communications S.A. (NYSE:SQNS)

FNY Investment Advisers LLC decreased its stake in shares of Sequans Communications S.A. (NYSE:SQNS) by 63.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 87,523 shares of the semiconductor company’s stock after selling 149,477 shares during the quarter. FNY Investment Advisers LLC’s holdings in Sequans Communications were worth $305,000 at the end of the most recent quarter.

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

Sequans Communications Trading Down 7.8 %

Shares of Sequans Communications stock opened at $2.82 on Wednesday. Sequans Communications S.A. has a fifty-two week low of $0.85 and a fifty-two week high of $7.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.36. The firm has a market capitalization of $70.48 million, a price-to-earnings ratio of 2.00 and a beta of 0.33. The stock has a 50 day moving average of $3.04 and a 200 day moving average of $2.37.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research note 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.