Jane Street Group LLC Makes New Investment in Valens Semiconductor Ltd. (NYSE:VLN)

Jane Street Group LLC bought a new position in Valens Semiconductor Ltd. (NYSE:VLN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,094 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Securities LLC increased its stake in shares of Valens Semiconductor by 35.3% during the 4th quarter. Two Sigma Securities LLC now owns 18,541 shares of the company’s stock worth $48,000 after purchasing an additional 4,838 shares during the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of Valens Semiconductor during the 4th quarter worth $35,000. Northern Trust Corp increased its stake in shares of Valens Semiconductor by 106.3% during the 4th quarter. Northern Trust Corp now owns 59,100 shares of the company’s stock worth $154,000 after purchasing an additional 30,448 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Valens Semiconductor during the 4th quarter worth $109,000. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Valens Semiconductor by 24.1% during the 4th 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 last quarter. Hedge funds and other institutional investors own 33.90% of the company’s stock.

Valens Semiconductor Stock Up 0.2%

Shares of VLN opened at $2.19 on Tuesday. The company’s fifty day moving average is $2.31 and its 200-day moving average is $2.36. Valens Semiconductor Ltd. has a 12 month low of $1.67 and a 12 month high of $3.50. The firm has a market cap of $233.31 million, a price-to-earnings ratio of -8.78 and a beta of 0.22.

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

Wall Street Analysts Forecast Growth

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

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.