Valens Semiconductor (NYSE:VLN) Upgraded at ThinkEquity

ThinkEquity upgraded shares of Valens Semiconductor (NYSE:VLN) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Valens Semiconductor Price Performance

NYSE VLN opened at $2.26 on Monday. The business has a 50 day simple moving average of $1.97 and a 200 day simple moving average of $2.36. The stock has a market capitalization of $239.89 million, a P/E ratio of -9.02 and a beta of 0.45. Valens Semiconductor has a one year low of $1.67 and a one year high of $3.39.

Institutional Trading of Valens Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP lifted its position in shares of Valens Semiconductor by 355.5% during the second quarter. Marshall Wace LLP now owns 87,461 shares of the company’s stock worth $279,000 after acquiring an additional 68,260 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Valens Semiconductor during the second quarter valued at approximately $401,000. ARK Investment Management LLC bought a new position in Valens Semiconductor in the third quarter valued at $1,362,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Valens Semiconductor by 23.3% during the 2nd quarter. Renaissance Technologies LLC now owns 634,300 shares of the company’s stock valued at $2,023,000 after buying an additional 119,900 shares in the last quarter. 33.90% of the stock is owned by hedge funds and other institutional investors.

Valens Semiconductor Company Profile

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.