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Sequans Communications S A (SQNS) has 1 split in our SQNS split history database. The split for SQNS took place on November 29, 2019. This was a 1 for 4 reverse split, meaning for each 4 shares of SQNS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Sequans Communications S A conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the SQNS split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sequans Communications S A shares, starting with a $10,000 purchase of SQNS, presented on a split-history-adjusted basis factoring in the complete SQNS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-16.88%|
|About Sequans Communications S A|
|Sequans Communications SA is a fabless designer, developer and supplier of 4G LTE semiconductor solutions for wireless mobile broadband and Internet of Things, with a focus on the single-mode device market. Co.'s LTE product line comprises two families: its StreamrichLTE family addresses the high-performance, feature-rich broadband device segment, while the StreamliteLTE family is designed to address the price/performance requirements of the IoT market, including connected consumer electronics and machine-to-machine devices. According to our SQNS split history records, Sequans Communications S A has had 1 split.|
|SQNS Split History Table|
|11/29/2019||1 for 4|
|Technology Stock Splits|
|SQNS is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|