Valens Semiconductor (NYSE:VLN) Trading Up 5.2% – Here’s What Happened

Posted by Bonnie Powley on Dec 27th, 2024

Valens Semiconductor Ltd. (NYSE:VLN – Get Free Report) shares rose 5.2% during mid-day trading on Wednesday . The stock traded as high as $2.02 and last traded at $2.02. Approximately 184,305 shares were traded during trading, a decline of 39% from the average daily volume of 304,610 shares. The stock had previously closed at $1.92.

Analyst Upgrades and Downgrades

Separately, ThinkEquity upgraded Valens Semiconductor to a “strong-buy” rating in a research report on Monday, December 2nd.

View Our Latest Analysis on Valens Semiconductor

Valens Semiconductor Trading Up 0.5 %

The business’s fifty day simple moving average is $1.95 and its 200-day simple moving average is $2.28. The firm has a market cap of $215.95 million, a P/E ratio of -8.12 and a beta of 0.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VLN. Renaissance Technologies LLC grew its position in shares of Valens Semiconductor by 23.3% in the 2nd quarter. Renaissance Technologies LLC now owns 634,300 shares of the company’s stock worth $2,023,000 after buying an additional 119,900 shares during the last quarter. ARK Investment Management LLC purchased a new stake in Valens Semiconductor in the third quarter worth $1,362,000. Acadian Asset Management LLC bought a new stake in Valens Semiconductor in the second quarter valued at $401,000. Finally, Marshall Wace LLP increased its position in Valens Semiconductor by 355.5% during the 2nd quarter. Marshall Wace LLP now owns 87,461 shares of the company’s stock valued at $279,000 after purchasing an additional 68,260 shares during the period. Hedge funds and other institutional investors own 33.90% of the company’s stock.

Valens Semiconductor Company Profile

(Get Free Report)

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.