Valens Semiconductor (NYSE:VLN) Stock Falls 1.8% – Time to Sell?

Shares of Valens Semiconductor, Ltd. (NYSE:VLN) were down 1.8% during mid-day trading on Monday. The company traded as low as $1.85 and last traded at $1.8750. Approximately 280,308 shares traded hands during trading, a decline of 53% from the average session volume of 596,414 shares. The stock had previously closed at $1.91.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Valens Semiconductor in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Valens Semiconductor currently has an average rating of “Hold” and an average target price of $4.00.

Valens Semiconductor Price Performance

The stock has a market cap of $198.68 million, a price-to-earnings ratio of -5.73 and a beta of 1.30. The company’s 50 day moving average is $1.75 and its 200 day moving average is $1.96.

Valens Semiconductor (NYSE:VLN) last issued its earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). Valens Semiconductor had a negative net margin of 45.23% and a negative return on equity of 30.58%. The company had revenue of $18.11 million for the quarter, compared to analyst estimates of $17.40 million. Sell-side analysts predict that Valens Semiconductor, Ltd. will post -0.27 earnings per share for the current year.

Hedge Funds Weigh In On Valens Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of VLN. AXQ Capital LP acquired a new stake in Valens Semiconductor in the second quarter valued at $86,000. Aquamarine Financial Cayman Ltd acquired a new position in shares of Valens Semiconductor during the 2nd quarter worth $15,670,000. Finally, Renaissance Technologies LLC boosted its position in shares of Valens Semiconductor by 14.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,311,700 shares of the company’s stock worth $1,482,000 after buying an additional 170,444 shares in the last quarter. 33.90% of the stock is owned by institutional investors and hedge funds.

Valens Semiconductor Company Profile

Valens Semiconductor Ltd. is a fabless semiconductor company that develops high-speed connectivity solutions for the automotive and audio-video markets. The company is headquartered in Hod Hasharon, Israel, and designs chipsets that enable the transmission of high-bandwidth data, video and audio over extended distances while supporting reliable connectivity in complex environments.

In the automotive market, Valens offers chipsets based on MIPI A-PHY technology for applications such as advanced driver-assistance systems, cameras, displays, infotainment and other in-vehicle systems.