Sphera Management Technology Funds Ltd Acquires New Shares in Valens Semiconductor Ltd. (NYSE:VLN)

Sphera Management Technology Funds Ltd acquired a new position in shares of Valens Semiconductor Ltd. (NYSE:VLN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 396,339 shares of the company’s stock, valued at approximately $1,030,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Value Base Ltd. bought a new position in Valens Semiconductor during the 4th quarter worth about $53,672,000. IGP Investments G.P.L.P LP acquired a new position in shares of Valens Semiconductor during the fourth quarter worth about $8,996,000. Millennium Management LLC grew its holdings in shares of Valens Semiconductor by 389.8% during the fourth quarter. Millennium Management LLC now owns 614,577 shares of the company’s stock worth $1,598,000 after buying an additional 489,108 shares in the last quarter. Renaissance Technologies LLC raised 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 during the last quarter. Finally, Two Sigma Investments LP raised its position in Valens Semiconductor by 75.2% in the 4th quarter. Two Sigma Investments LP now owns 393,152 shares of the company’s stock valued at $1,022,000 after buying an additional 168,736 shares during the last quarter. 33.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Valens Semiconductor Price Performance

Shares of NYSE:VLN opened at $2.49 on Monday. The stock has a market capitalization of $264.26 million, a PE ratio of -9.94 and a beta of 0.28. The company’s 50-day moving average price is $2.26 and its two-hundred day moving average price is $2.31. Valens Semiconductor Ltd. has a one year low of $1.67 and a one year high of $3.50.

Valens Semiconductor (NYSE:VLN) last released its earnings results on Wednesday, May 7th. The company reported ($0.07) earnings per share (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 company had revenue of $16.83 million for the quarter, compared to the consensus estimate of $16.48 million. On average, analysts anticipate that Valens Semiconductor Ltd. will post -0.33 earnings per share for the current fiscal year.

Valens Semiconductor Company Profile

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.