396,339 Shares in Valens Semiconductor Ltd. (NYSE:VLN) Purchased by Sphera Management Technology Funds Ltd

Sphera Management Technology Funds Ltd purchased a new stake in shares of Valens Semiconductor Ltd. (NYSE:VLN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 396,339 shares of the company's stock, valued at approximately $1,030,000. Sphera Management Technology Funds Ltd owned approximately 0.37% of Valens Semiconductor at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Valens Semiconductor by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,421,482 shares of the company's stock worth $3,696,000 after acquiring an additional 4,100 shares during the period. Two Sigma Securities LLC lifted its stake in shares of Valens Semiconductor by 35.3% in the fourth quarter. Two Sigma Securities LLC now owns 18,541 shares of the company's stock worth $48,000 after acquiring an additional 4,838 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Valens Semiconductor in the fourth quarter worth approximately $35,000. Occudo Quantitative Strategies LP acquired a new position in shares of Valens Semiconductor in the fourth quarter worth approximately $40,000. Finally, Jane Street Group LLC acquired a new position in shares of Valens Semiconductor in the fourth quarter worth approximately $52,000. 33.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Valens Semiconductor Price Performance

Shares of NYSE VLN traded up $0.02 during trading on Thursday, reaching $2.38. 197,256 shares of the stock traded hands, compared to its average volume of 371,950. Valens Semiconductor Ltd. has a 52-week low of $1.67 and a 52-week high of $3.50. The company has a 50-day moving average of $2.29 and a 200-day moving average of $2.32. The stock has a market capitalization of $252.56 million, a P/E ratio of -9.50 and a beta of 0.28.

Valens Semiconductor (NYSE:VLN - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $16.48 million. Valens Semiconductor had a negative net margin of 41.94% and a negative return on equity of 14.05%. Analysts expect that Valens Semiconductor Ltd. will post -0.33 earnings per share for the current fiscal year.

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.