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

ARK Investment Management LLC decreased its stake in Valens Semiconductor Ltd. (NYSE:VLN) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 760,090 shares of the company’s stock after selling 67,094 shares during the period. ARK Investment Management LLC owned 0.77% of Valens Semiconductor worth $1,862,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Resolute Advisors LLC bought a new stake in shares of Valens Semiconductor in the third quarter valued at approximately $27,000. XTX Topco Ltd bought a new stake in shares of Valens Semiconductor during the 1st quarter valued at $45,000. Schonfeld Strategic Advisors LLC boosted its stake in Valens Semiconductor by 22.1% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 29,800 shares of the company’s stock worth $75,000 after purchasing an additional 5,400 shares during the period. Goldman Sachs Group Inc. grew its holdings in Valens Semiconductor by 215.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 57,648 shares of the company’s stock valued at $146,000 after buying an additional 39,398 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Valens Semiconductor by 85.2% during the fourth quarter. Renaissance Technologies LLC now owns 27,600 shares of the company’s stock valued at $148,000 after buying an additional 12,700 shares during the period. 33.90% of the stock is owned by institutional investors.

Valens Semiconductor Stock Performance

VLN stock opened at $2.36 on Thursday. The firm has a 50 day moving average of $2.25 and a 200-day moving average of $2.32. Valens Semiconductor Ltd. has a 12 month low of $1.91 and a 12 month high of $3.29.

Valens Semiconductor (NYSE:VLN) last announced its quarterly earnings results 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 during 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, analysts anticipate that Valens Semiconductor Ltd. will post -0.22 earnings per share 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.