Valens Semiconductor Ltd. (NYSE:VLN) Position Raised by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in Valens Semiconductor Ltd. (NYSE:VLN) by 264.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 126,400 shares of the company’s stock after buying an additional 91,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.12% of Valens Semiconductor worth $329,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State of Tennessee Department of Treasury bought a new stake in Valens Semiconductor in the fourth quarter valued at $35,000. Occudo Quantitative Strategies LP bought a new stake in Valens Semiconductor in the fourth quarter valued at $40,000. Two Sigma Securities LLC lifted its stake in Valens Semiconductor by 35.3% in the fourth quarter. Two Sigma Securities LLC now owns 18,541 shares of the company’s stock valued at $48,000 after buying an additional 4,838 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Valens Semiconductor during the fourth quarter valued at $52,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Valens Semiconductor during the fourth quarter valued at $61,000. 33.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and set a $4.00 price target on shares of Valens Semiconductor in a report on Thursday, May 8th.

Valens Semiconductor Stock Performance

Shares of VLN opened at $2.18 on Friday. The firm has a market capitalization of $231.29 million, a price-to-earnings ratio of -8.70 and a beta of 0.22. Valens Semiconductor Ltd. has a one year low of $1.67 and a one year high of $3.50. The stock’s fifty day moving average is $2.31 and its 200-day moving average is $2.35.

Valens Semiconductor (NYSE:VLN) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The business had revenue of $16.83 million for the quarter, compared to analyst estimates of $16.48 million. Valens Semiconductor had a negative net margin of 41.94% and a negative return on equity of 14.05%. Analysts forecast that Valens Semiconductor Ltd. will post -0.33 EPS for the current fiscal year.

About Valens Semiconductor

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.