AI Squared Management Ltd Takes Position in Valens Semiconductor Ltd. (NYSE:VLN)

AI Squared Management Ltd purchased a new position in shares of Valens Semiconductor Ltd. (NYSE:VLN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 834,374 shares of the company's stock, valued at approximately $2,044,000. Valens Semiconductor accounts for approximately 2.6% of AI Squared Management Ltd's holdings, making the stock its 10th largest holding. AI Squared Management Ltd owned 0.84% of Valens Semiconductor as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Phoenix Holdings Ltd. raised its position in Valens Semiconductor by 347.2% during the 3rd quarter. Phoenix Holdings Ltd. now owns 1,506,171 shares of the company's stock worth $4,006,000 after buying an additional 1,169,386 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Valens Semiconductor by 20.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,698,749 shares of the company's stock valued at $7,179,000 after purchasing an additional 458,700 shares during the period. Herald Investment Management Ltd boosted its holdings in Valens Semiconductor by 16.0% in 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 in the last quarter. Oppenheimer & Co. Inc. increased its position in Valens Semiconductor by 18.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 414,157 shares of the company's stock worth $1,102,000 after purchasing an additional 64,256 shares during the period. Finally, Resolute Advisors LLC purchased a new position in shares of Valens Semiconductor during the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 33.90% of the company's stock.

Valens Semiconductor Price Performance

VLN traded up $0.03 during trading on Thursday, reaching $2.49. 367,245 shares of the stock were exchanged, compared to its average volume of 299,847. The company has a market capitalization of $258.84 million, a price-to-earnings ratio of -13.08 and a beta of 0.30. Valens Semiconductor Ltd. has a 1 year low of $1.91 and a 1 year high of $2.78. The business's 50 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 released its quarterly earnings data on Wednesday, February 28th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.07. The business had revenue of $21.94 million for the quarter, compared to analyst estimates of $21.80 million. Valens Semiconductor had a negative net margin of 23.36% and a negative return on equity of 12.05%. On average, analysts anticipate that Valens Semiconductor Ltd. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

Separately, Chardan Capital reiterated a "buy" rating and issued a $4.00 price objective on shares of Valens Semiconductor in a research report on Thursday.

Valens Semiconductor Profile

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.