IGP Investments G.P.L.P LP bought a new position in shares of Valens Semiconductor Ltd. (NYSE:VLN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,460,000 shares of the company's stock, valued at approximately $8,996,000. Valens Semiconductor makes up about 100.0% of IGP Investments G.P.L.P LP's investment portfolio, making the stock its biggest position. IGP Investments G.P.L.P LP owned 3.25% of Valens Semiconductor as of its most recent SEC filing.
Separately, Oppenheimer & Co. Inc. increased its stake in Valens Semiconductor by 24.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company's stock valued at $712,000 after acquiring an additional 53,155 shares during the last quarter. 33.90% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, ThinkEquity raised Valens Semiconductor to a "strong-buy" rating in a report on Monday, December 2nd.
Read Our Latest Analysis on Valens Semiconductor
Valens Semiconductor Trading Up 2.1 %
Valens Semiconductor stock traded up $0.05 during midday trading on Friday, reaching $2.16. The company's stock had a trading volume of 204,406 shares, compared to its average volume of 542,307. The stock has a market cap of $229.17 million, a PE ratio of -8.62 and a beta of 0.34. Valens Semiconductor Ltd. has a 52 week low of $1.67 and a 52 week high of $3.50. The business has a 50-day moving average price of $2.66 and a 200-day moving average price of $2.24.
About Valens Semiconductor
(
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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