Valens Semiconductor's (VLN) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Valens Semiconductor's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating a continued lack of confidence in its market performance.
• The company's shares rose by 4.2% during trading, reaching $1.88, though they remain significantly below their 52-week high of $3.50.
• Recent institutional activity includes notable increases in holdings, with Marshall Wace LLP boosting its stake by 84.5% during the 2nd quarter.

Valens Semiconductor (NYSE:VLN - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Valens Semiconductor Trading Up 4.2%

Valens Semiconductor stock traded up $0.08 during trading on Wednesday, hitting $1.88. 436,621 shares of the company were exchanged, compared to its average volume of 541,893. Valens Semiconductor has a 52 week low of $1.67 and a 52 week high of $3.50. The company has a market capitalization of $199.39 million, a P/E ratio of -5.86 and a beta of 0.24. The business's 50 day moving average is $2.02 and its 200 day moving average is $2.26.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. ARK Investment Management LLC purchased a new position in Valens Semiconductor in the first quarter valued at $1,158,000. Marshall Wace LLP boosted its holdings in Valens Semiconductor by 84.5% in the 2nd quarter. Marshall Wace LLP now owns 520,062 shares of the company's stock valued at $1,368,000 after purchasing an additional 238,228 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Valens Semiconductor by 21.0% during the 1st quarter. Acadian Asset Management LLC now owns 671,323 shares of the company's stock worth $1,360,000 after acquiring an additional 116,407 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Valens Semiconductor by 1,266.5% during the 4th quarter. Bank of America Corp DE now owns 120,420 shares of the company's stock worth $313,000 after acquiring an additional 111,608 shares in the last quarter. Finally, Creative Planning acquired a new position in Valens Semiconductor in the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 33.90% of the company's stock.

About Valens Semiconductor

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.