In an April 9 research note, Roth MKM analyst Scott Searle reported that Sequans Communications SA (SQNS:NYSE) reported that it had reached an agreement with Lynrock, Nokomis, and Renesas to pause any actions while the companies continue to discuss future plans and options.
Searle noted that he thinks that several large international technology and semiconductor companies are still interested in Sequans. Searle wrote that these companies may be interested in either acquiring Sequans wholly, acquiring its 5G aspect, or simply paying to license its technology.
"As detailed in our April 2 note, all options under a reasonable set of circumstances should translate to a significantly higher stock price, in our opinion," Searle said.
With this, he gave the company a Buy rating and a target price of US$3.
Want to be the first to know about interesting Technology investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter.
Subscribe
