Squarepoint Ops LLC grew its position in shares of Valens Semiconductor Ltd. (NYSE:VLN - Free Report) by 347.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 154,041 shares of the company's stock after purchasing an additional 119,649 shares during the quarter. Squarepoint Ops LLC owned 0.14% of Valens Semiconductor worth $401,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. State of Tennessee Department of Treasury bought a new position in Valens Semiconductor during the fourth quarter valued at about $35,000. Occudo Quantitative Strategies LP bought a new position in shares of Valens Semiconductor during the 4th quarter valued at about $40,000. Two Sigma Securities LLC grew its stake 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 purchasing an additional 4,838 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Valens Semiconductor in the 4th quarter worth approximately $52,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Valens Semiconductor in the 4th quarter worth approximately $61,000. 33.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC restated a "buy" rating and set a $4.00 target price on shares of Valens Semiconductor in a report on Thursday, May 8th.
Check Out Our Latest Research Report on VLN
Valens Semiconductor Stock Performance
Shares of NYSE:VLN traded up $0.00 during midday trading on Monday, reaching $2.19. The company had a trading volume of 181,750 shares, compared to its average volume of 361,634. The company has a fifty day simple moving average of $2.31 and a two-hundred day simple moving average of $2.36. The firm has a market cap of $233.31 million, a price-to-earnings ratio of -8.78 and a beta of 0.22. Valens Semiconductor Ltd. has a 1-year low of $1.67 and a 1-year high of $3.50.
Valens Semiconductor (NYSE:VLN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $16.48 million. Analysts expect that Valens Semiconductor Ltd. will post -0.33 EPS for the current year.
Valens Semiconductor Profile
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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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