834,374 Shares in Valens Semiconductor Ltd. (NYSE:VLN) Purchased by AI Squared Management Ltd

AI Squared Management Ltd bought a new position in Valens Semiconductor Ltd. (NYSE:VLN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 834,374 shares of the company’s stock, valued at approximately $2,044,000. Valens Semiconductor comprises approximately 2.6% of AI Squared Management Ltd’s portfolio, making the stock its 10th largest position. AI Squared Management Ltd owned approximately 0.84% of Valens Semiconductor as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VLN. Phoenix Holdings Ltd. increased its position in Valens Semiconductor by 347.2% during the 3rd quarter. Phoenix Holdings Ltd. now owns 1,506,171 shares of the company’s stock worth $4,006,000 after purchasing an additional 1,169,386 shares in the last quarter. Herald Investment Management Ltd lifted its stake in shares of Valens Semiconductor by 16.0% during the third quarter. Herald Investment Management Ltd now owns 998,963 shares of the company’s stock worth $2,657,000 after purchasing an additional 137,826 shares in the last quarter. Resolute Advisors LLC acquired a new stake in shares of Valens Semiconductor in the third quarter valued at about $27,000. Oppenheimer & Co. Inc. boosted its holdings in Valens Semiconductor by 18.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 414,157 shares of the company’s stock worth $1,102,000 after acquiring an additional 64,256 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Valens Semiconductor by 20.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,698,749 shares of the company’s stock worth $7,179,000 after purchasing an additional 458,700 shares in the last quarter. Institutional investors and hedge funds own 33.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Chardan Capital restated a “buy” rating and set a $4.00 target price on shares of Valens Semiconductor in a research note on Thursday.

Valens Semiconductor Price Performance

Shares of VLN stock remained flat at $2.45 during trading hours on Thursday. 275,154 shares of the stock traded hands, compared to its average volume of 298,750. The firm has a 50 day moving average price of $2.30 and a 200-day moving average price of $2.29. Valens Semiconductor Ltd. has a twelve month low of $1.91 and a twelve month high of $2.78. The company has a market cap of $255.19 million, a PE ratio of -12.47 and a beta of 0.30.

Valens Semiconductor (NYSE:VLN) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. Valens Semiconductor had a negative return on equity of 12.05% and a negative net margin of 23.36%. The business had revenue of $21.94 million during the quarter, compared to analyst estimates of $21.80 million. As a group, sell-side analysts expect that Valens Semiconductor Ltd. will post -0.22 EPS for the current fiscal year.

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.