Valens Semiconductor’s (VLN) Buy Rating Reaffirmed at Chardan Capital

Valens Semiconductor (NYSE:VLN)‘s stock had its “buy” rating restated by stock analysts at Chardan Capital in a note issued to investors on Thursday, Benzinga reports. They presently have a $4.00 price objective on the stock. Chardan Capital’s price objective would suggest a potential upside of 68.78% from the stock’s previous close.

Valens Semiconductor Trading Down 3.3 %

NYSE:VLN opened at $2.37 on Thursday. Valens Semiconductor has a 12 month low of $1.91 and a 12 month high of $2.78. The company has a 50-day moving average price of $2.30 and a 200-day moving average price of $2.29. The stock has a market cap of $246.86 million, a price-to-earnings ratio of -12.95 and a beta of 0.30.

Valens Semiconductor (NYSE:VLN) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.07. Valens Semiconductor had a negative net margin of 23.36% and a negative return on equity of 12.05%. The business had revenue of $21.94 million during the quarter, compared to analyst estimates of $21.80 million. Equities analysts forecast that Valens Semiconductor will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Valens Semiconductor

Institutional investors have recently added to or reduced their stakes in the company. Resolute Advisors LLC purchased a new stake in shares of Valens Semiconductor in the 3rd quarter worth about $27,000. Oppenheimer & Co. Inc. grew its holdings in Valens Semiconductor by 14.6% in the first quarter. Oppenheimer & Co. Inc. now owns 154,795 shares of the company’s stock worth $364,000 after purchasing an additional 19,727 shares during the period. AI Squared Management Ltd bought a new position in shares of Valens Semiconductor during the fourth quarter valued at approximately $2,044,000. Herald Investment Management Ltd lifted its holdings in shares of Valens Semiconductor by 16.0% during the third quarter. Herald Investment Management Ltd now owns 998,963 shares of the company’s stock valued at $2,657,000 after purchasing an additional 137,826 shares during the last quarter. Finally, Phoenix Holdings Ltd. boosted its position in shares of Valens Semiconductor by 347.2% in the 3rd quarter. Phoenix Holdings Ltd. now owns 1,506,171 shares of the company’s stock worth $4,006,000 after purchasing an additional 1,169,386 shares in the last quarter. Institutional investors 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.