Shares of Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report) were up 5.2% during trading on Wednesday . The stock traded as high as $2.02 and last traded at $2.02. Approximately 184,305 shares traded hands during trading, a decline of 39% from the average daily volume of 304,610 shares. The stock had previously closed at $1.92.
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 Stock Analysis on VLN
Valens Semiconductor Price Performance
The company's 50 day moving average price is $1.95 and its 200 day moving average price is $2.28. The firm has a market capitalization of $215.95 million, a P/E ratio of -8.12 and a beta of 0.45.
Institutional Investors Weigh In On Valens Semiconductor
Hedge funds and other institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC bought a new position in shares of Valens Semiconductor in the 3rd quarter valued at about $1,362,000. Marshall Wace LLP boosted its stake in Valens Semiconductor by 355.5% during the 2nd quarter. Marshall Wace LLP now owns 87,461 shares of the company's stock worth $279,000 after acquiring an additional 68,260 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Valens Semiconductor by 23.3% during the second quarter. Renaissance Technologies LLC now owns 634,300 shares of the company's stock valued at $2,023,000 after purchasing an additional 119,900 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Valens Semiconductor in the second quarter valued at approximately $401,000. 33.90% of the stock is owned by institutional investors and hedge funds.
Valens Semiconductor Company Profile
(
Get 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.
Featured Articles
Before you consider Valens Semiconductor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valens Semiconductor wasn't on the list.
While Valens Semiconductor currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
