Stifel Financial Corp Sells 62,592 Shares of Sequans Communications S.A. (NYSE:SQNS)

Stifel Financial Corp trimmed its position in Sequans Communications S.A. (NYSE:SQNS) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,708 shares of the semiconductor company’s stock after selling 62,592 shares during the quarter. Stifel Financial Corp owned 1.98% of Sequans Communications worth $585,000 at the end of the most recent reporting period.

Sequans Communications Price Performance

Shares of NYSE SQNS opened at $3.30 on Friday. The business has a fifty day moving average price of $2.80 and a two-hundred day moving average price of $2.18. The stock has a market capitalization of $82.48 million, a PE ratio of 2.34 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.36 and a quick ratio of 1.33. Sequans Communications S.A. has a fifty-two week low of $0.85 and a fifty-two week high of $7.43.

Wall Street Analysts Forecast Growth

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

About Sequans Communications

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.