Brown Brothers Harriman & Co. Makes New $109,000 Investment in Valens Semiconductor Ltd. (NYSE:VLN)

Brown Brothers Harriman & Co. bought a new position in Valens Semiconductor Ltd. (NYSE:VLN) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 41,975 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its stake in Valens Semiconductor by 24.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company’s stock worth $712,000 after acquiring an additional 53,155 shares during the period. IGP Investments G.P.L.P LP purchased a new stake in shares of Valens Semiconductor in the 4th quarter worth approximately $8,996,000. Finally, Value Base Ltd. bought a new position in shares of Valens Semiconductor during the fourth quarter valued at approximately $53,672,000. Institutional investors own 33.90% of the company’s stock.

Valens Semiconductor Stock Up 0.2 %

Shares of VLN stock opened at $2.05 on Wednesday. The company’s 50 day moving average is $2.33 and its 200 day moving average is $2.25. The firm has a market cap of $217.47 million, a price-to-earnings ratio of -8.18 and a beta of 0.34. Valens Semiconductor Ltd. has a 52-week low of $1.67 and a 52-week high of $3.50.

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.