Valens Semiconductor Ltd. (NYSE:VLN - Get Rating) - Equities research analysts at Oppenheimer increased their Q2 2022 earnings per share estimates for Valens Semiconductor in a research note issued to investors on Wednesday, May 11th. Oppenheimer analyst R. Schafer now forecasts that the company will earn ($0.07) per share for the quarter, up from their prior estimate of ($0.08). Oppenheimer also issued estimates for Valens Semiconductor's FY2022 earnings at ($0.34) EPS, Q1 2023 earnings at ($0.09) EPS, Q2 2023 earnings at ($0.08) EPS, Q3 2023 earnings at ($0.05) EPS and FY2023 earnings at ($0.25) EPS. Valens Semiconductor (NYSE:VLN - Get Rating) last released its quarterly earnings results on Wednesday, March 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). The company had revenue of $20.74 million during the quarter, compared to analysts' expectations of $20.00 million.
Separately, Citigroup lowered their target price on Valens Semiconductor from $13.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, March 3rd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Valens Semiconductor has a consensus rating of "Buy" and a consensus target price of $13.17.
Shares of VLN stock opened at $3.80 on Monday. The business's 50 day moving average is $4.87 and its two-hundred day moving average is $6.69. Valens Semiconductor has a twelve month low of $3.07 and a twelve month high of $12.19.
Institutional investors have recently bought and sold shares of the stock. Cowen AND Company LLC purchased a new stake in shares of Valens Semiconductor in the third quarter valued at approximately $1,849,000. Magma Venture Partners General Partner Ltd. purchased a new stake in shares of Valens Semiconductor in the fourth quarter valued at approximately $147,382,000. Jane Street Group LLC purchased a new stake in shares of Valens Semiconductor in the third quarter valued at approximately $318,000. Citigroup Inc. acquired a new position in Valens Semiconductor during the fourth quarter worth $66,000. Finally, Penserra Capital Management LLC acquired a new position in Valens Semiconductor during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 51.25% of the company's stock.
About Valens Semiconductor (Get Rating)
Valens Semiconductor Ltd. engages in the provision of semiconductor products that enables high-speed video and data transmission for the audio-video and automotive industries. It 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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