Valens Semiconductor’s (VLN) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Valens Semiconductor (NYSE:VLN) in a report published on Friday,Weiss Ratings reports.

Valens Semiconductor Stock Up 1.4%

VLN stock opened at $1.79 on Friday. The firm has a market cap of $189.82 million, a price-to-earnings ratio of -5.58 and a beta of 0.24. Valens Semiconductor has a 12-month low of $1.67 and a 12-month high of $3.50. The company’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $2.24.

Hedge Funds Weigh In On Valens Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of VLN. Oppenheimer & Co. Inc. lifted its holdings in Valens Semiconductor by 3.9% in the first quarter. Oppenheimer & Co. Inc. now owns 284,608 shares of the company’s stock valued at $581,000 after buying an additional 10,811 shares during the period. St. Louis Trust Co acquired a new position in Valens Semiconductor in the first quarter valued at $120,000. ARK Investment Management LLC acquired a new position in Valens Semiconductor in the first quarter valued at $1,158,000. XTX Topco Ltd lifted its holdings in Valens Semiconductor by 100.8% in the first quarter. XTX Topco Ltd now owns 138,229 shares of the company’s stock valued at $282,000 after buying an additional 69,389 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Valens Semiconductor by 21.0% in the first quarter. Acadian Asset Management LLC now owns 671,323 shares of the company’s stock valued at $1,360,000 after buying an additional 116,407 shares during the period. Institutional investors and hedge funds own 33.90% of the company’s stock.

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.