Goldman Sachs Group Inc. Cuts Stock Position in Valens Semiconductor, Ltd. $VLN

Key Points

• Goldman Sachs Group Inc. reduced its stake in Valens Semiconductor, Ltd. by 86.1%, selling 267,848 shares and holding only 43,208 shares valued at $88,000.
• Other hedge funds, including Bank of America Corp DE and Northern Trust Corp, have increased their positions significantly, with Bank of America raising its holdings by 1,266.5%.
• Valens Semiconductor's stock price is currently $1.80, with a recent trading range between a 52-week low of $1.67 and a high of $3.50.

Goldman Sachs Group Inc. lessened its holdings in Valens Semiconductor, Ltd. (NYSE:VLN - Free Report) by 86.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,208 shares of the company's stock after selling 267,848 shares during the period. Goldman Sachs Group Inc.'s holdings in Valens Semiconductor were worth $88,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VLN. Jane Street Group LLC purchased a new position in shares of Valens Semiconductor in the 4th quarter valued at $52,000. St. Louis Trust Co purchased a new position in shares of Valens Semiconductor in the 1st quarter valued at $120,000. Northern Trust Corp raised its stake in shares of Valens Semiconductor by 106.3% in the 4th quarter. Northern Trust Corp now owns 59,100 shares of the company's stock valued at $154,000 after acquiring an additional 30,448 shares during the period. XTX Topco Ltd increased its stake in Valens Semiconductor by 100.8% during the 1st quarter. XTX Topco Ltd now owns 138,229 shares of the company's stock worth $282,000 after buying an additional 69,389 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Valens Semiconductor by 1,266.5% in the 4th quarter. Bank of America Corp DE now owns 120,420 shares of the company's stock worth $313,000 after buying an additional 111,608 shares in the last quarter. Hedge funds and other institutional investors own 33.90% of the company's stock.

Valens Semiconductor Stock Down 1.9%

Shares of NYSE VLN opened at $1.80 on Wednesday. Valens Semiconductor, Ltd. has a fifty-two week low of $1.67 and a fifty-two week high of $3.50. The business has a 50 day moving average price of $2.12 and a two-hundred day moving average price of $2.27. The firm has a market cap of $190.88 million, a PE ratio of -5.61 and a beta of 0.26.

About Valens Semiconductor

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.

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