Sequans Communications S.A. Files $250 Million Lawsuit Against Renesas

Sequans Communications S A ( (SQNS) ) just unveiled an update.

On May 13, 2025, Sequans Communications S.A. filed a legal complaint against Renesas Electronics Corporation in the Court of Chancery of the State of Delaware. The complaint alleges that Renesas breached affirmative covenants and committed fraud related to a Memorandum of Understanding concerning the sale of Sequans’ shares. Sequans is seeking $250 million in damages, a move that could significantly impact its financial standing and its ongoing business relationship with Renesas.

The most recent analyst rating on (SQNS) stock is a Buy with a $7.50 price target. To see the full list of analyst forecasts on Sequans Communications S A stock, see the SQNS Stock Forecast page.

Spark’s Take on SQNS Stock

According to Spark, TipRanks’ AI Analyst, SQNS is a Neutral.

The overall score reflects significant progress in profitability and strategic advancements. However, challenges in revenue trends, cash flow, and technical indicators keep the score moderate.

To see Spark’s full report on SQNS stock, click here.

More about Sequans Communications S A

Sequans Communications S.A. operates in the telecommunications industry, focusing on providing advanced 4G and 5G semiconductor solutions for broadband, critical, and massive IoT applications. The company is known for its expertise in developing chips and modules that enable wireless connectivity in various devices, catering to a global market.

Average Trading Volume: 72,978

Technical Sentiment Signal: Strong Sell

Current Market Cap: $40.37M

See more insights into SQNS stock on TipRanks’ Stock Analysis page.