Clal Insurance Enterprises Holdings Ltd Sells 255,512 Shares of Valens Semiconductor Ltd. (NYSE:VLN)

Clal Insurance Enterprises Holdings Ltd reduced its holdings in Valens Semiconductor Ltd. (NYSE:VLN) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,984,537 shares of the company’s stock after selling 255,512 shares during the period. Clal Insurance Enterprises Holdings Ltd owned approximately 1.87% of Valens Semiconductor worth $5,160,000 as of its most recent SEC filing.

Separately, ARK Investment Management LLC bought a new stake in shares of Valens Semiconductor during the third quarter valued at approximately $1,362,000. Hedge funds and other institutional investors own 33.90% of the company’s stock.

Analysts Set New Price Targets

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

Valens Semiconductor Stock Performance

VLN opened at $2.12 on Friday. The stock has a market cap of $225.45 million, a PE ratio of -8.48 and a beta of 0.32. Valens Semiconductor Ltd. has a 1 year low of $1.67 and a 1 year high of $3.50. The stock’s 50 day simple moving average is $2.65 and its 200-day simple moving average is $2.25.

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.