Value Base Ltd. Acquires Shares of 20,642,949 Valens Semiconductor Ltd. (NYSE:VLN)

Value Base Ltd. purchased a new stake in shares of Valens Semiconductor Ltd. (NYSE:VLN) during the fourth quarter, Holdings Channel.com reports. The firm purchased 20,642,949 shares of the company’s stock, valued at approximately $53,672,000. Valens Semiconductor comprises 32.9% of Value Base Ltd.’s portfolio, making the stock its biggest holding. Value Base Ltd. owned approximately 0.19% of Valens Semiconductor at the end of the most recent quarter.

Separately, Oppenheimer & Co. Inc. lifted its stake in Valens Semiconductor by 24.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company’s stock worth $712,000 after acquiring an additional 53,155 shares in the last quarter. Hedge funds and other institutional investors own 33.90% of the company’s stock.

Analysts Set New Price Targets

Separately, ThinkEquity raised shares of Valens Semiconductor to a “strong-buy” rating in a research report on Monday, December 2nd.

Valens Semiconductor Trading Down 3.3 %

Shares of NYSE:VLN opened at $2.12 on Friday. The firm has a market cap of $225.13 million, a price-to-earnings ratio of -8.47 and a beta of 0.34. Valens Semiconductor Ltd. has a 1 year low of $1.67 and a 1 year high of $3.50. The business has a fifty day simple moving average of $2.52 and a 200 day simple moving average of $2.24.

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.