ARK Investment Management LLC Sells 67,094 Shares of Valens Semiconductor Ltd. (NYSE:VLN)

ARK Investment Management LLC trimmed its position in shares of Valens Semiconductor Ltd. (NYSE:VLN) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 760,090 shares of the company’s stock after selling 67,094 shares during the quarter. ARK Investment Management LLC’s holdings in Valens Semiconductor were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VLN. Phoenix Holdings Ltd. lifted its position in Valens Semiconductor by 347.2% during the third quarter. Phoenix Holdings Ltd. now owns 1,506,171 shares of the company’s stock valued at $4,006,000 after purchasing an additional 1,169,386 shares in the last quarter. Herald Investment Management Ltd raised its stake in shares of Valens Semiconductor by 16.0% in the third quarter. Herald Investment Management Ltd now owns 998,963 shares of the company’s stock worth $2,657,000 after buying an additional 137,826 shares during the period. Resolute Advisors LLC purchased a new position in shares of Valens Semiconductor during the 3rd quarter valued at about $27,000. Oppenheimer & Co. Inc. grew its stake in shares of Valens Semiconductor by 18.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 414,157 shares of the company’s stock valued at $1,102,000 after acquiring an additional 64,256 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Valens Semiconductor by 20.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,698,749 shares of the company’s stock worth $7,179,000 after acquiring an additional 458,700 shares in the last quarter. 33.90% of the stock is currently owned by hedge funds and other institutional investors.

Valens Semiconductor Stock Up 3.7 %

Shares of NYSE:VLN opened at $2.36 on Thursday. Valens Semiconductor Ltd. has a 1-year low of $1.91 and a 1-year high of $3.29. The firm’s 50 day simple moving average is $2.25 and its two-hundred day simple moving average is $2.32.

Valens Semiconductor (NYSE:VLN) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.07. The firm had revenue of $21.94 million for the quarter, compared to the consensus estimate of $21.80 million. Valens Semiconductor had a negative net margin of 23.36% and a negative return on equity of 12.05%. On average, sell-side analysts anticipate that Valens Semiconductor Ltd. will post -0.22 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.