Yelin Lapidot Holdings Management Ltd. trimmed its stake in Valens Semiconductor, Ltd. (NYSE:VLN - Free Report) by 53.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,142 shares of the company's stock after selling 128,260 shares during the period. Yelin Lapidot Holdings Management Ltd. owned 0.10% of Valens Semiconductor worth $225,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. State of Tennessee Department of Treasury acquired a new stake in Valens Semiconductor in the 4th quarter worth approximately $35,000. Wolverine Trading LLC purchased a new position in shares of Valens Semiconductor in the fourth quarter worth $43,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Valens Semiconductor during the fourth quarter worth $40,000. Two Sigma Securities LLC grew its holdings in shares of Valens Semiconductor by 35.3% during the fourth quarter. Two Sigma Securities LLC now owns 18,541 shares of the company's stock valued at $48,000 after buying an additional 4,838 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Valens Semiconductor during the fourth quarter valued at $52,000. 33.90% of the stock is currently owned by hedge funds and other institutional investors.
Valens Semiconductor Stock Performance
VLN stock remained flat at $2.68 during midday trading on Friday. 267,430 shares of the company traded hands, compared to its average volume of 378,728. Valens Semiconductor, Ltd. has a 52 week low of $1.67 and a 52 week high of $3.50. The company's fifty day moving average is $2.38 and its two-hundred day moving average is $2.39. The firm has a market capitalization of $284.99 million, a price-to-earnings ratio of -8.12 and a beta of 0.27.
Valens Semiconductor (NYSE:VLN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Valens Semiconductor had a negative return on equity of 20.44% and a negative net margin of 55.20%. The firm had revenue of $16.83 million for the quarter, compared to analysts' expectations of $16.48 million. Sell-side analysts anticipate that Valens Semiconductor, Ltd. will post -0.33 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $4.00 target price on shares of Valens Semiconductor in a report on Thursday, May 8th.
Read Our Latest Research Report on Valens Semiconductor
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.
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