Two Sigma Investments LP boosted its holdings in Valens Semiconductor Ltd. (NYSE:VLN - Free Report) by 75.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 393,152 shares of the company's stock after acquiring an additional 168,736 shares during the quarter. Two Sigma Investments LP owned 0.37% of Valens Semiconductor worth $1,022,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in VLN. State of Tennessee Department of Treasury bought a new position in shares of Valens Semiconductor in the fourth quarter valued at approximately $35,000. Occudo Quantitative Strategies LP purchased a new stake in Valens Semiconductor in the 4th quarter valued at $40,000. Two Sigma Securities LLC lifted its stake in Valens Semiconductor by 35.3% during 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 in the last quarter. Jane Street Group LLC bought a new position in Valens Semiconductor during the 4th quarter valued at $52,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Valens Semiconductor during the 4th quarter worth $61,000. Institutional investors and hedge funds own 33.90% of the company's stock.
Analysts Set New Price Targets
Separately, Needham & Company LLC reissued a "buy" rating and set a $4.00 price target on shares of Valens Semiconductor in a research report on Thursday, May 8th.
Check Out Our Latest Stock Analysis on VLN
Valens Semiconductor Stock Down 1.1%
Valens Semiconductor stock opened at $2.18 on Friday. Valens Semiconductor Ltd. has a 52 week low of $1.67 and a 52 week high of $3.50. The company's 50 day moving average price is $2.31 and its two-hundred day moving average price is $2.35. The stock has a market cap of $231.29 million, a P/E ratio of -8.70 and a beta of 0.22.
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 business 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%. On average, equities analysts anticipate that Valens Semiconductor Ltd. will post -0.33 EPS for the current year.
Valens Semiconductor Company 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Valens Semiconductor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valens Semiconductor wasn't on the list.
While Valens Semiconductor currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
