Walleye Capital LLC lifted its stake in Valens Semiconductor Ltd. (NYSE:VLN - Free Report) by 86.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,993 shares of the company's stock after buying an additional 149,642 shares during the period. Walleye Capital LLC owned approximately 0.30% of Valens Semiconductor worth $840,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its stake in shares of Valens Semiconductor by 24.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company's stock worth $712,000 after buying an additional 53,155 shares during the period. IGP Investments G.P.L.P LP purchased a new position in shares of Valens Semiconductor in the 4th quarter valued at approximately $8,996,000. Value Base Ltd. acquired a new position in shares of Valens Semiconductor in the fourth quarter valued at approximately $53,672,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Valens Semiconductor during the fourth quarter worth approximately $109,000. Finally, Renaissance Technologies LLC grew its position in Valens Semiconductor by 41.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,001,930 shares of the company's stock valued at $2,605,000 after buying an additional 293,230 shares during the last quarter. 33.90% of the stock is currently owned by institutional investors and hedge funds.
Valens Semiconductor Price Performance
VLN traded up $0.12 during trading on Friday, reaching $2.60. 246,135 shares of the stock were exchanged, compared to its average volume of 377,005. Valens Semiconductor Ltd. has a 1 year low of $1.67 and a 1 year high of $3.50. The company has a market capitalization of $275.96 million, a price-to-earnings ratio of -10.38 and a beta of 0.33. The business's 50 day moving average price is $2.16 and its two-hundred day moving average price is $2.25.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC initiated coverage on shares of Valens Semiconductor in a report on Friday, April 11th. They issued a "buy" rating and a $4.00 target price on the stock.
Read Our Latest Stock Report on Valens Semiconductor
Valens Semiconductor Company Profile
(
Free Report)
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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