Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report)'s share price was up 16.5% on Monday . The stock traded as high as $2.32 and last traded at $2.30. Approximately 1,256,290 shares traded hands during trading, an increase of 360% from the average daily volume of 273,379 shares. The stock had previously closed at $1.97.
Valens Semiconductor Trading Down 1.3 %
The firm has a 50-day simple moving average of $1.97 and a two-hundred day simple moving average of $2.36.
Hedge Funds Weigh In On Valens Semiconductor
Several hedge funds have recently bought and sold shares of VLN. Renaissance Technologies LLC boosted its holdings in shares of Valens Semiconductor by 23.3% during the second quarter. Renaissance Technologies LLC now owns 634,300 shares of the company's stock worth $2,023,000 after purchasing an additional 119,900 shares during the last quarter. ARK Investment Management LLC acquired a new stake in shares of Valens Semiconductor during the third quarter worth $1,362,000. Acadian Asset Management LLC acquired a new stake in shares of Valens Semiconductor during the second quarter worth $401,000. Finally, Marshall Wace LLP boosted its holdings in shares of Valens Semiconductor by 355.5% during the second quarter. Marshall Wace LLP now owns 87,461 shares of the company's stock worth $279,000 after purchasing an additional 68,260 shares during the last quarter. Hedge funds and other institutional investors own 33.90% of the company's stock.
About Valens Semiconductor
(
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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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