Ergoteles LLC Invests $132,000 in Valens Semiconductor Ltd. (NYSE:VLN)

Ergoteles LLC purchased a new position in Valens Semiconductor Ltd. (NYSE:VLN – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 31,400 shares of the company’s stock, valued at approximately $132,000.

A number of other large investors have also recently made changes to their positions in the stock. Phoenix Holdings Ltd. boosted its holdings in shares of Valens Semiconductor by 100.0% in the third quarter. Phoenix Holdings Ltd. now owns 134,714 shares of the company’s stock worth $564,000 after acquiring an additional 67,357 shares during the period. Herald Investment Management Ltd bought a new stake in Valens Semiconductor during the third quarter valued at $1,430,000. Barclays PLC bought a new stake in Valens Semiconductor during the third quarter valued at $532,000. Westwood Management Corp IL bought a new stake in Valens Semiconductor during the third quarter valued at $84,000. Finally, B. Riley Asset Management LLC bought a new stake in Valens Semiconductor during the second quarter valued at $127,000. 27.00% of the stock is owned by institutional investors.

Valens Semiconductor Stock Down 1.4 %

Shares of VLN stock opened at $4.08 on Wednesday. The business has a 50-day moving average price of $5.06 and a two-hundred day moving average price of $4.50. Valens Semiconductor Ltd. has a 12-month low of $2.71 and a 12-month high of $7.05. The firm has a market cap of $403.43 million, a P/E ratio of -15.11 and a beta of 0.23.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Chardan Capital reissued a “buy” rating and set a $13.00 price objective on shares of Valens Semiconductor in a research note on Friday, March 3rd. Oppenheimer dropped their price objective on Valens Semiconductor from $10.00 to $8.00 in a research note on Wednesday, November 9th. TheStreet raised Valens Semiconductor from a “d+” rating to a “c-” rating in a research note on Wednesday, March 1st. Finally, Citigroup dropped their price target on Valens Semiconductor from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, November 16th.

About Valens Semiconductor

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Valens Semiconductor Ltd. engages in the provision of semiconductor products that enables high-speed video and data transmission for the audio-video and automotive industries. It 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.