Sphera Management Technology Funds Ltd bought a new position in shares of Valens Semiconductor Ltd. (NYSE:VLN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 396,339 shares of the company's stock, valued at approximately $1,030,000. Sphera Management Technology Funds Ltd owned about 0.37% of Valens Semiconductor at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. State of Tennessee Department of Treasury purchased a new stake in shares of Valens Semiconductor in the 4th quarter valued at $35,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Valens Semiconductor in the 4th quarter valued at $40,000. Two Sigma Securities LLC boosted 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 valued at $48,000 after acquiring an additional 4,838 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Valens Semiconductor in the 4th quarter valued at $52,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Valens Semiconductor in the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 33.90% of the company's stock.
Valens Semiconductor Trading Down 4.0%
Shares of VLN stock traded down $0.10 during trading hours on Friday, hitting $2.27. The company's stock had a trading volume of 287,339 shares, compared to its average volume of 370,842. The company has a 50 day moving average of $2.29 and a 200 day moving average of $2.32. Valens Semiconductor Ltd. has a 12-month low of $1.67 and a 12-month high of $3.50. The stock has a market cap of $240.86 million, a PE ratio of -9.06 and a beta of 0.28.
Valens Semiconductor (NYSE:VLN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Valens Semiconductor had a negative return on equity of 14.05% and a negative net margin of 41.94%. The firm had revenue of $16.83 million for the quarter, compared to analysts' expectations of $16.48 million. As a group, analysts anticipate that Valens Semiconductor Ltd. will post -0.33 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $4.00 price objective on shares of Valens Semiconductor in a report on Thursday, May 8th.
Read Our Latest Analysis on VLN
Valens Semiconductor Profile
(
Free Report)
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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