ARK Investment Management LLC Makes New $1.16 Million Investment in Valens Semiconductor, Ltd. (NYSE:VLN)

Key Points

• ARK Investment Management LLC purchased 567,753 shares of Valens Semiconductor, valued at approximately $1,158,000, representing about 0.53% ownership of the company by the end of the most recent quarter.
• Valens Semiconductor recently reported a quarterly earnings loss of ($0.07) EPS, missing analyst expectations, while revenue for the quarter was $16.83 million, exceeding estimates.
• Needham & Company LLC has reaffirmed a "buy" rating for Valens Semiconductor, setting a price target of $4.00 per share.

ARK Investment Management LLC bought a new position in Valens Semiconductor, Ltd. (NYSE:VLN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 567,753 shares of the company's stock, valued at approximately $1,158,000. ARK Investment Management LLC owned approximately 0.53% of Valens Semiconductor at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State of Tennessee Department of Treasury acquired a new position in shares of Valens Semiconductor in the 4th quarter worth approximately $35,000. Wolverine Trading LLC acquired a new position in shares of Valens Semiconductor in the 4th quarter worth approximately $43,000. Occudo Quantitative Strategies LP acquired a new position in shares of Valens Semiconductor in the 4th quarter worth approximately $40,000. Two Sigma Securities LLC raised its holdings in shares of Valens Semiconductor by 35.3% in the 4th quarter. Two Sigma Securities LLC now owns 18,541 shares of the company's stock worth $48,000 after buying an additional 4,838 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Valens Semiconductor in the 4th quarter worth approximately $52,000. 33.90% of the stock is owned by institutional investors and hedge funds.

Valens Semiconductor Trading Up 2.0%

NYSE VLN traded up $0.05 during trading hours on Wednesday, reaching $2.53. 375,043 shares of the company's stock were exchanged, compared to its average volume of 490,349. The stock has a market cap of $269.04 million, a PE ratio of -7.67 and a beta of 0.27. Valens Semiconductor, Ltd. has a one year low of $1.67 and a one year high of $3.50. The firm has a fifty day moving average of $2.46 and a 200-day moving average of $2.42.

Valens Semiconductor (NYSE:VLN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). The firm had revenue of $16.83 million during the quarter, compared to the consensus estimate of $16.48 million. Valens Semiconductor had a negative net margin of 55.20% and a negative return on equity of 20.44%. As a group, research analysts forecast that Valens Semiconductor, Ltd. will post -0.33 EPS for the current year.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a "buy" rating and set a $4.00 price target on shares of Valens Semiconductor in a research report on Thursday, May 8th.

Valens Semiconductor Company Profile

Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. The company offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.