Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report)'s share price shot up 1.9% during mid-day trading on Monday . The stock traded as high as $2.44 and last traded at $2.41. 375,899 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 734,052 shares. The stock had previously closed at $2.36.
Analyst Upgrades and Downgrades
Separately, ThinkEquity raised shares of Valens Semiconductor to a "strong-buy" rating in a research report on Monday, December 2nd.
Check Out Our Latest Stock Report on VLN
Valens Semiconductor Stock Down 2.0 %
The firm has a 50 day moving average price of $2.53 and a 200 day moving average price of $2.24. The stock has a market cap of $260.63 million, a PE ratio of -9.80 and a beta of 0.32.
Institutional Investors Weigh In On Valens Semiconductor
Several large investors have recently modified their holdings of the business. Marshall Wace LLP increased its holdings in Valens Semiconductor by 355.5% during the second quarter. Marshall Wace LLP now owns 87,461 shares of the company's stock valued at $279,000 after buying an additional 68,260 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in 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. ARK Investment Management LLC bought a new stake in Valens Semiconductor during the 3rd quarter valued at $1,362,000. Finally, IGP Investments G.P.L.P LP purchased a new position in shares of Valens Semiconductor in the 4th quarter valued at $8,996,000. Institutional investors own 33.90% of the company's stock.
About Valens Semiconductor
(
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.
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