Valens Semiconductor (NYSE:VLN - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Chardan Capital in a research note issued on Thursday, Benzinga reports. They currently have a $4.00 price target on the stock. Chardan Capital's target price indicates a potential upside of 60.97% from the company's current price.
Valens Semiconductor Trading Up 1.4 %
Shares of VLN traded up $0.03 during mid-day trading on Thursday, reaching $2.49. The company's stock had a trading volume of 367,245 shares, compared to its average volume of 299,847. Valens Semiconductor has a 52 week low of $1.91 and a 52 week high of $2.78. The stock has a market cap of $258.84 million, a PE ratio of -13.08 and a beta of 0.30. The company's fifty day moving average price is $2.30 and its two-hundred day moving average price is $2.29.
Valens Semiconductor (NYSE:VLN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.07. Valens Semiconductor had a negative net margin of 23.36% and a negative return on equity of 12.05%. The business had revenue of $21.94 million during the quarter, compared to the consensus estimate of $21.80 million. Research analysts anticipate that Valens Semiconductor will post -0.22 EPS for the current year.
Hedge Funds Weigh In On Valens Semiconductor
Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. grew its holdings in Valens Semiconductor by 14.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 154,795 shares of the company's stock worth $364,000 after acquiring an additional 19,727 shares during the last quarter. IGP Investments G.P.L.P LP bought a new stake in shares of Valens Semiconductor in the fourth quarter worth about $8,550,000. AI Squared Management Ltd bought a new stake in shares of Valens Semiconductor in the fourth quarter worth about $2,044,000. Phoenix Holdings Ltd. increased its holdings in Valens Semiconductor by 347.2% during the 3rd quarter. Phoenix Holdings Ltd. now owns 1,506,171 shares of the company's stock valued at $4,006,000 after purchasing an additional 1,169,386 shares during the period. Finally, Herald Investment Management Ltd raised its position in Valens Semiconductor by 16.0% during the 3rd quarter. Herald Investment Management Ltd now owns 998,963 shares of the company's stock valued at $2,657,000 after purchasing an additional 137,826 shares during the last quarter. 33.90% of the stock is currently owned by institutional investors.
About Valens Semiconductor
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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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