Valens Semiconductor (NYSE:VLN) Price Target Raised to $4.00

Valens Semiconductor (NYSE:VLNFree Report) had its price objective hoisted by Needham & Company LLC from $3.00 to $4.00 in a research note released on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Valens Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, April 22nd. Wall Street Zen cut shares of Valens Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.00.

Read Our Latest Research Report on Valens Semiconductor

Valens Semiconductor Trading Down 9.6%

NYSE VLN opened at $3.05 on Wednesday. The company has a fifty day simple moving average of $1.63 and a two-hundred day simple moving average of $1.64. The stock has a market cap of $313.79 million, a P/E ratio of -9.82 and a beta of 1.09. Valens Semiconductor has a 12-month low of $1.10 and a 12-month high of $3.50.

Valens Semiconductor (NYSE:VLNGet Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $16.86 million during the quarter, compared to analysts’ expectations of $16.47 million. Valens Semiconductor had a negative net margin of 44.67% and a negative return on equity of 29.33%. As a group, sell-side analysts forecast that Valens Semiconductor will post -0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director – Toledano Adi Yarel sold 19,179 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $3.02, for a total transaction of $57,920.58. Following the sale, the director owned 164,253 shares in the company, valued at approximately $496,044.06. This trade represents a 10.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 85,037 shares of company stock worth $196,985 in the last quarter. 58.92% of the stock is currently owned by company insiders.

Institutional Trading of Valens Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new stake in Valens Semiconductor during the fourth quarter valued at $27,000. HRT Financial LP acquired a new stake in Valens Semiconductor during the fourth quarter valued at $53,000. XTX Topco Ltd grew its position in Valens Semiconductor by 56.8% during the fourth quarter. XTX Topco Ltd now owns 45,692 shares of the company’s stock valued at $65,000 after buying an additional 16,557 shares during the period. Man Group plc acquired a new stake in Valens Semiconductor during the fourth quarter valued at $78,000. Finally, Creative Planning acquired a new stake in Valens Semiconductor during the second quarter valued at $213,000. Institutional investors and hedge funds own 33.90% of the company’s stock.

Valens Semiconductor News Roundup

Here are the key news stories impacting Valens Semiconductor this week:

Valens Semiconductor Company Profile

(Get Free Report)

Valens Semiconductor Corp. is a provider of high-speed connectivity solutions, specializing in semiconductor chipsets that enable the transmission of uncompressed video, audio and data over common cabling such as twisted-pair and coax. The company’s flagship technology, HDBaseT, supports the simultaneous delivery of multiple signal types—including HDMI, USB, Ethernet and power—over a single cable. This multi-service approach addresses the growing demands of both consumer electronics and automotive infotainment systems, where bandwidth, reliability and low latency are critical.

Founded in 2012 and headquartered in Israel, Valens maintains research and development operations across North America, Europe and Asia.

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