Sequans Communications (ADR) (SQNS)
Designs cellular-IoT chips, modules, and technology platforms for connected devices.
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Designs 4G and 5G cellular-IoT chips and modules for payments, mobility, industrial systems, and smart-home uses. The fabless company also provides design services and technology licensing while retaining a license to support its legacy 4G products.
Designs cellular-IoT chips and modules for connected devices in payments, mobility and logistics, smart cities, industrial systems, e-health, and smart homes. Its current platforms include LTE-M/NB-IoT, LTE Cat 1bis, and 5G NR RedCap/eRedCap.
Based in France, the fabless company combines semiconductor platforms with design services and technology licensing. Its engineering-led business focuses on connectivity for Internet of Things applications rather than consumer devices.
Sequans sold its legacy 4G intellectual-property portfolio to Qualcomm while retaining a perpetual license to sell, support, maintain, and enhance those products. It retained its 5G technology and is focused on scaling its IoT semiconductor business and advancing the eRedCap roadmap.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | Lake Street | Target | Target: $10 | Target: $8 |
| May 6, 2026 | Northland Securities | Target | Target: $3.50 | Target: $7 |
| May 6, 2026 | Lake Street | Target | Target: $18 | Target: $10 |
| Dec 10, 2025 | Lake Street | Target | Target: — | Target: $18 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $21.0M · Total debt $7.3M · Total assets $83.6M · Shareholders' equity $41.7M
- Revenue
- $7.5M
- Operating income
- −$9.5M
- Net income
- −$9.8M
No dividends on record.
| Institutions | 40.47% | 6.30M ADS | |
|---|---|---|---|
| 39 holders · as of Jun 30, 2026 | |||
| Insiders | 168.95% | 26.29M ADS | |
| 8 holders · as of Jul 1, 2026 | |||
| Adds to | 209.42% | ||
15.56M ADS (1 ADS = 6 ordinary shares) as of Sep 19, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2018 annual report; nothing newer is on file here.
These groups come from separate filings that can overlap, so they add to 209.42%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Daniel AsherInsider10 percent owner | 149.99% | 140.01M ordinary | filed Jan 28, 2026 |
Georges M. KaramInsiderdirector, officer: CEO | 12.29% | 11.47M ordinary | filed May 11, 2026 |
B. Riley Financial, Inc.Institution | 9.24% | 1.44M ADS | as of Jun 30, 2026 |
Oasis Management Co Ltd.Institution | 9.07% | 1.41M ADS | as of Jun 30, 2026 |
Dba Trading, LLCInstitution | 9.00% | 1.40M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 6, 2026 | Bertrand Debray | officer: Chief of Staff | −752,700 | |
| Jan 26, 2026 | Daniel Asher | 10 percent owner | +12,300 | $5.12 |
| Jan 20, 2026 | Daniel Asher | 10 percent owner | +19,660 | $5.29 |
| Jan 21, 2026 | Daniel Asher | 10 percent owner | +22,600 | $5.24 |
| Jan 15, 2026 | Daniel Asher | 10 percent owner | +28,200 | $5.65 |
- Qualcomm
Largest filing-named rival in legacy 4G and 5G IoT
- Sony (ADR)
Cellular LPWA chipsets for LTE-M, NB-IoT, and hybrid IoT
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sequans Communications (ADR) | $3.01 | +2.73% | $45.6M | — | — | 1.8 | −7.7% |
| Qualcomm | $196.71 | +1.28% | $203.94B | 22.2 | 21.2 | 4.6 | −4.0% |
| Sony (ADR) | $23.43 | −0.70% | $138.53B | — | 27.4 | 1.7 | +0.3% |
| Median | 22.2 | 24.3 | 3.2 | −1.9% |