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

Key Points

• Valens Semiconductor (NYSE: VLN) has been assigned a "sell (D-)" rating by Weiss Ratings, indicating poor performance metrics for the stock.
• The company's stock price rose 1.4% to $1.79, with a trading volume of 426,961 shares, which is lower than its average of 574,376.
• Institutional investors own approximately 33.90% of Valens Semiconductor, with significant purchases in recent quarters by firms like ARK Investment Management and Oppenheimer & Co.

Valens Semiconductor (NYSE:VLN - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Valens Semiconductor Trading Up 1.4%

NYSE:VLN traded up $0.03 during mid-day trading on Friday, hitting $1.79. The company had a trading volume of 426,961 shares, compared to its average volume of 574,376. Valens Semiconductor has a 1 year low of $1.67 and a 1 year high of $3.50. The business has a fifty day simple moving average of $1.91 and a 200-day simple moving average of $2.23. The firm has a market capitalization of $189.82 million, a price-to-earnings ratio of -5.58 and a beta of 0.24.

Institutional Investors Weigh In On Valens Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of VLN. ARK Investment Management LLC bought a new position in shares of Valens Semiconductor during the first quarter valued at approximately $1,158,000. Oppenheimer & Co. Inc. grew its position in Valens Semiconductor by 3.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 284,608 shares of the company's stock worth $581,000 after purchasing an additional 10,811 shares during the last quarter. St. Louis Trust Co bought a new position in Valens Semiconductor in the 1st quarter worth approximately $120,000. XTX Topco Ltd raised its stake in Valens Semiconductor by 100.8% during the 1st quarter. XTX Topco Ltd now owns 138,229 shares of the company's stock valued at $282,000 after acquiring an additional 69,389 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Valens Semiconductor by 21.0% in the first quarter. Acadian Asset Management LLC now owns 671,323 shares of the company's stock worth $1,360,000 after purchasing an additional 116,407 shares during the period. Institutional investors and hedge funds 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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