Free Trial

Valens Semiconductor Ltd. (NYSE:VLN) Shares Bought by Millennium Management LLC

Valens Semiconductor logo with Computer and Technology background

Millennium Management LLC raised its holdings in Valens Semiconductor Ltd. (NYSE:VLN - Free Report) by 389.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 614,577 shares of the company's stock after purchasing an additional 489,108 shares during the period. Millennium Management LLC owned 0.58% of Valens Semiconductor worth $1,598,000 at the end of the most recent reporting period.

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

Valens Semiconductor Stock Down 1.1%

Shares of NYSE:VLN traded down $0.03 during trading on Thursday, reaching $2.18. The stock had a trading volume of 187,895 shares, compared to its average volume of 367,922. The business has a fifty day moving average price of $2.30 and a 200-day moving average price of $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 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 posted 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). Valens Semiconductor had a negative net margin of 41.94% and a negative return on equity of 14.05%. The firm had revenue of $16.83 million during the quarter, compared to analyst estimates of $16.48 million. As a group, equities analysts forecast that Valens Semiconductor Ltd. will post -0.33 EPS for the current year.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on VLN

About Valens Semiconductor

(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.

Featured Stories

Institutional Ownership by Quarter for Valens Semiconductor (NYSE:VLN)

Should You Invest $1,000 in Valens Semiconductor Right Now?

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

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines