From MarketBeat:



B. Riley Asset Management LLC has increased its stake in Sequans Communications S.A, a semiconductor company, by 23.2% in the third quarter. The institutional investor now owns over 11 million shares of the stock, worth $31.8 million. Other institutional investors and hedge funds have also made significant investments in Sequans Communications during the same period. Not all Wall Street analysts are bullish on Sequans Communications, as StockNews.com has given the company a “sell” rating.

The stock of Sequans Communications is traded on the NYSE and saw 220,510 shares traded on Wednesday, with a 1 year low of $1.86 and high of $3.42. Despite posting a negative return on equity and net margin in its quarterly earnings report, Sequans Communications is engaged in providing cellular semiconductor solutions for massive and broadband Internet of Things markets globally, with a focus on baseband solutions for various wireless technologies.

Investors are being urged to reconsider investing in Sequans Communications, as top-rated analysts have identified five other stocks as better buys. Additionally, for those interested in other stocks that are being invested in by major institutional investors, MarketBeat is offering a free report.



Read more: Sequans Communications S.A. (NYSE:SQNS) is B. Riley Asset Management LLC’s Largest Position