Two Sigma Investments LP Grows Position in Valens Semiconductor Ltd. (NYSE:VLN)

Two Sigma Investments LP lifted its holdings in shares of Valens Semiconductor Ltd. (NYSE:VLN - Free Report) by 75.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 393,152 shares of the company's stock after purchasing an additional 168,736 shares during the quarter. Two Sigma Investments LP owned about 0.37% of Valens Semiconductor worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VLN. Value Base Ltd. acquired a new position in Valens Semiconductor in the fourth quarter valued at about $53,672,000. IGP Investments G.P.L.P LP acquired a new position in shares of Valens Semiconductor in the 4th quarter worth approximately $8,996,000. Millennium Management LLC lifted its holdings in shares of Valens Semiconductor by 389.8% in the 4th quarter. Millennium Management LLC now owns 614,577 shares of the company's stock worth $1,598,000 after acquiring an additional 489,108 shares during the last quarter. Renaissance Technologies LLC increased its holdings in 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 last quarter. Finally, Walleye Capital LLC raised its position in Valens Semiconductor by 86.3% in the fourth quarter. Walleye Capital LLC now owns 322,993 shares of the company's stock valued at $840,000 after purchasing an additional 149,642 shares during the period. 33.90% of the stock is owned by institutional investors and hedge funds.

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 research note on Thursday, May 8th.

Valens Semiconductor Price Performance

Shares of NYSE VLN traded up $0.00 during midday trading on Monday, hitting $2.19. The company's stock had a trading volume of 181,732 shares, compared to its average volume of 361,614. The firm has a market capitalization of $233.31 million, a price-to-earnings ratio of -8.78 and a beta of 0.22. The business's fifty day simple moving average is $2.31 and its two-hundred day simple moving average is $2.35. 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 issued its quarterly 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). The business had revenue of $16.83 million during 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 anticipate that Valens Semiconductor Ltd. will post -0.33 EPS 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.