5 Best Semiconductor Penny Stocks to Buy

3. Sequans Communications S.A. (NYSE:SQNS)

Number of Hedge Fund Investors In Q1 2023: 9

Sequans Communications S.A. (NYSE:SQNS) is a rare French semiconductor company. It designs and sells basebands, transceivers, and other products for use in cellular devices to provide LTE and other connectivity options. Sequans Communications S.A. (NYSE:SQNS) operates out of Paris, France.

As of 2023’s March quarter, nine of the 943 hedge funds part of Insider Monkey’s database had bought and owned a stake in Sequans Communications S.A. (NYSE:SQNS). Out of these, the firm’s largest investor is Cynthia Paul’s Lynrock Lake with a $9.4 million investment.

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