Marshall Wace LLP Has $629,000 Holdings in Valens Semiconductor Ltd. (NYSE:VLN)

Marshall Wace LLP grew its stake in Valens Semiconductor Ltd. (NYSE:VLN - Free Report) by 142.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 242,006 shares of the company's stock after acquiring an additional 142,011 shares during the period. Marshall Wace LLP owned 0.23% of Valens Semiconductor worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new position in Valens Semiconductor in the 4th quarter valued at $109,000. Oppenheimer & Co. Inc. increased its position in Valens Semiconductor by 24.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company's stock worth $712,000 after purchasing an additional 53,155 shares during the period. XTX Topco Ltd acquired a new position in Valens Semiconductor during the 4th quarter valued at about $179,000. Walleye Capital LLC boosted its stake in shares of Valens Semiconductor by 86.3% in the 4th 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 last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Valens Semiconductor by 41.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,001,930 shares of the company's stock worth $2,605,000 after buying an additional 293,230 shares during the period. Institutional investors and hedge funds own 33.90% of the company's stock.

Analyst Ratings Changes

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

Valens Semiconductor Stock Performance

NYSE:VLN traded up $0.03 during mid-day trading on Thursday, hitting $2.39. The company had a trading volume of 230,279 shares, compared to its average volume of 373,609. The firm has a market cap of $254.16 million, a P/E ratio of -9.56 and a beta of 0.28. Valens Semiconductor Ltd. has a fifty-two week low of $1.67 and a fifty-two week high of $3.50. The business's fifty day moving average is $2.21 and its two-hundred day moving average is $2.28.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). The firm had revenue of $16.83 million for the quarter, compared to analyst estimates of $16.48 million. Valens Semiconductor had a negative net margin of 41.94% and a negative return on equity of 14.05%. Equities analysts forecast that Valens Semiconductor Ltd. will post -0.33 earnings per share for the current year.

About Valens Semiconductor

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.