Valens Semiconductor (NYSE:VLN) Stock Falls 1.8% - Here's What Happened

Key Points

• Valens Semiconductor shares fell 1.8% to $1.8750 in Monday trading, with volume down 53% from the stock’s average daily level.
• Analyst sentiment remains mixed: Weiss Ratings reiterated a “sell (D-)” rating, while broader coverage reflects a “Hold” consensus and an average price target of $4.00.
• The company met quarterly EPS expectations at a loss of $0.04, while revenue of $18.11 million exceeded estimates; however, Valens reported negative net margin and return on equity.

Valens Semiconductor, Ltd. (NYSE:VLN - Get Free Report)'s stock price fell 1.8% on Monday. The stock traded as low as $1.85 and last traded at $1.8750. 280,308 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 596,414 shares. The stock had previously closed at $1.91.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Valens Semiconductor in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $4.00.

Valens Semiconductor Price Performance

The company has a market cap of $203.01 million, a PE ratio of -5.86 and a beta of 1.30. The company's 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $1.95.

Valens Semiconductor (NYSE:VLN - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.04). Valens Semiconductor had a negative net margin of 45.23% and a negative return on equity of 30.58%. The business had revenue of $18.11 million for the quarter, compared to the consensus estimate of $17.40 million. Sell-side analysts expect that Valens Semiconductor, Ltd. will post -0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Valens Semiconductor

A number of hedge funds have recently added to or reduced their stakes in VLN. AXQ Capital LP purchased a new stake in shares of Valens Semiconductor in the 2nd quarter valued at approximately $86,000. Aquamarine Financial Cayman Ltd acquired a new position in shares of Valens Semiconductor during the second quarter worth $15,670,000. Finally, Renaissance Technologies LLC increased its holdings in Valens Semiconductor by 14.9% in the first quarter. Renaissance Technologies LLC now owns 1,311,700 shares of the company's stock valued at $1,482,000 after buying an additional 170,444 shares during the last quarter. 33.90% of the stock is currently owned by institutional investors and hedge funds.

About Valens Semiconductor

Valens Semiconductor Ltd. is a fabless semiconductor company that develops high-speed connectivity solutions for the automotive and audio-video markets. The company is headquartered in Hod Hasharon, Israel, and designs chipsets that enable the transmission of high-bandwidth data, video and audio over extended distances while supporting reliable connectivity in complex environments.

In the automotive market, Valens offers chipsets based on MIPI A-PHY technology for applications such as advanced driver-assistance systems, cameras, displays, infotainment and other in-vehicle systems.

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