Walleye Capital LLC grew its position in shares of Valens Semiconductor Ltd. (NYSE:VLN - Free Report) by 86.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 322,993 shares of the company's stock after acquiring an additional 149,642 shares during the quarter. Walleye Capital LLC owned about 0.30% of Valens Semiconductor worth $840,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of VLN. Brown Brothers Harriman & Co. acquired a new position in Valens Semiconductor during the 4th quarter worth $109,000. XTX Topco Ltd bought a new stake in shares of Valens Semiconductor during the fourth quarter valued at about $179,000. Oppenheimer & Co. Inc. lifted its holdings in Valens Semiconductor by 24.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company's stock worth $712,000 after purchasing an additional 53,155 shares during the period. Renaissance Technologies LLC grew its position in Valens Semiconductor by 41.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,001,930 shares of the company's stock valued at $2,605,000 after buying an additional 293,230 shares in the last quarter. Finally, IGP Investments G.P.L.P LP bought a new position in Valens Semiconductor in the 4th quarter valued at about $8,996,000. Institutional investors own 33.90% of the company's stock.
Valens Semiconductor Price Performance
Shares of Valens Semiconductor stock traded up $0.12 during trading on Friday, hitting $2.60. The stock had a trading volume of 246,135 shares, compared to its average volume of 376,830. The business has a fifty day moving average of $2.16 and a two-hundred day moving average of $2.24. Valens Semiconductor Ltd. has a fifty-two week low of $1.67 and a fifty-two week high of $3.50. The firm has a market cap of $275.96 million, a P/E ratio of -10.38 and a beta of 0.33.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC initiated coverage on shares of Valens Semiconductor in a research note on Friday, April 11th. They issued a "buy" rating and a $4.00 price target for the company.
Read Our Latest Stock Report on VLN
Valens Semiconductor Company Profile
(
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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