Value Base Ltd. bought a new position in shares of Valens Semiconductor Ltd. (NYSE:VLN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,642,949 shares of the company's stock, valued at approximately $53,672,000. Valens Semiconductor accounts for 32.9% of Value Base Ltd.'s holdings, making the stock its biggest holding. Value Base Ltd. owned 19.40% of Valens Semiconductor as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, IGP Investments G.P.L.P LP acquired a new stake in shares of Valens Semiconductor in the 4th quarter worth approximately $8,996,000. 33.90% of the stock is owned by institutional investors and hedge funds.
Valens Semiconductor Stock Performance
NYSE:VLN traded up $0.04 during mid-day trading on Tuesday, hitting $2.18. 188,353 shares of the company's stock traded hands, compared to its average volume of 376,588. Valens Semiconductor Ltd. has a 1 year low of $1.67 and a 1 year high of $3.50. The company has a market cap of $231.83 million, a PE ratio of -8.72 and a beta of 0.34. The firm's 50 day simple moving average is $2.48 and its 200 day simple moving average is $2.24.
Analyst Upgrades and Downgrades
Separately, ThinkEquity raised Valens Semiconductor to a "strong-buy" rating in a report on Monday, December 2nd.
Check Out Our Latest Stock Analysis on Valens Semiconductor
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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