Valens Semiconductor (NYSE:VLN) Trading Down 2.5% - What's Next?

Key Points

• Valens Semiconductor's stock fell 2.5% during trading, closing at $1.73, with a trading volume increase of 9% compared to its average session volume.
• Analyst ratings for the company include one Strong Buy, one Buy, and one Sell, with an average rating of "Moderate Buy" and a price target of $4.00.
• Institutional investors collectively own 33.90% of Valens Semiconductor, with notable increases in holdings from Oppenheimer & Co. and JPMorgan Chase & Co. in recent quarters.

Valens Semiconductor, Ltd. (NYSE:VLN - Get Free Report)'s share price fell 2.5% during trading on Wednesday . The stock traded as low as $1.67 and last traded at $1.73. 1,047,123 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 959,764 shares. The stock had previously closed at $1.77.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Valens Semiconductor in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Valens Semiconductor presently has an average rating of "Moderate Buy" and an average price target of $4.00.

Valens Semiconductor Price Performance

The company has a market capitalization of $183.44 million, a PE ratio of -5.39 and a beta of 0.24. The firm has a 50-day simple moving average of $1.92 and a 200 day simple moving average of $2.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oppenheimer & Co. Inc. grew its stake in Valens Semiconductor by 3.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 284,608 shares of the company's stock valued at $581,000 after buying an additional 10,811 shares during the last quarter. St. Louis Trust Co acquired a new stake in Valens Semiconductor during the 1st quarter valued at $120,000. XTX Topco Ltd increased its holdings in shares of Valens Semiconductor by 100.8% in the first quarter. XTX Topco Ltd now owns 138,229 shares of the company's stock worth $282,000 after acquiring an additional 69,389 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Valens Semiconductor by 417.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 86,081 shares of the company's stock valued at $226,000 after purchasing an additional 69,439 shares in the last quarter. Finally, Creative Planning acquired a new position in Valens Semiconductor in the 2nd quarter worth $213,000. Institutional investors own 33.90% of the company's stock.

Valens Semiconductor Company 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.

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