Squarepoint Ops LLC Boosts Holdings in Valens Semiconductor Ltd. (NYSE:VLN)

Squarepoint Ops LLC raised its holdings in Valens Semiconductor Ltd. (NYSE:VLN - Free Report) by 347.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VLN. Oppenheimer & Co. Inc. lifted its holdings in shares of Valens Semiconductor by 24.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company's stock valued at $712,000 after buying an additional 53,155 shares during the period. IGP Investments G.P.L.P LP acquired a new position in shares of Valens Semiconductor in the 4th quarter valued at about $8,996,000. Value Base Ltd. acquired a new position in shares of Valens Semiconductor in the 4th quarter valued at about $53,672,000. Brown Brothers Harriman & Co. purchased a new position in shares of Valens Semiconductor during the 4th quarter valued at approximately $109,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Valens Semiconductor by 41.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,001,930 shares of the company's stock valued at $2,605,000 after purchasing an additional 293,230 shares during the period. Institutional investors and hedge funds own 33.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Valens Semiconductor Stock Performance

Shares of Valens Semiconductor stock opened at $2.18 on Friday. The firm has a 50-day simple moving average of $2.31 and a two-hundred day simple moving average of $2.35. The company has a market cap of $231.29 million, a P/E ratio of -8.70 and a beta of 0.22. Valens Semiconductor Ltd. has a fifty-two week low of $1.67 and a fifty-two week high of $3.50.

Valens Semiconductor (NYSE:VLN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.07) earnings per share 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 analyst estimates of $16.48 million. Valens Semiconductor had a negative return on equity of 14.05% and a negative net margin of 41.94%. Equities research analysts forecast that Valens Semiconductor Ltd. will post -0.33 EPS for the current 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.

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