Valens Semiconductor Ltd. (NYSE:VLN) Shares Bought by Marshall Wace LLP

Marshall Wace LLP lifted its position in shares of Valens Semiconductor Ltd. (NYSE:VLN) by 355.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,461 shares of the company’s stock after acquiring an additional 68,260 shares during the period. Marshall Wace LLP owned about 0.08% of Valens Semiconductor worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VLN. Oppenheimer & Co. Inc. grew its stake in shares of 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 in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Valens Semiconductor by 23.3% during the second quarter. Renaissance Technologies LLC now owns 634,300 shares of the company’s stock valued at $2,023,000 after purchasing an additional 119,900 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Valens Semiconductor during the second quarter valued at $401,000. 33.90% of the stock is currently owned by institutional investors.

Valens Semiconductor Trading Up 2.4 %

Shares of Valens Semiconductor stock opened at $2.11 on Friday. The stock has a 50-day moving average price of $2.17 and a 200 day moving average price of $2.49. The company has a market cap of $219.78 million, a P/E ratio of -7.81 and a beta of 0.40. Valens Semiconductor Ltd. has a 1 year low of $1.83 and a 1 year high of $3.39.

Valens Semiconductor (NYSE:VLN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $13.60 million for the quarter, compared to analyst estimates of $12.80 million. Valens Semiconductor had a negative return on equity of 17.06% and a negative net margin of 46.71%. On average, equities analysts forecast that Valens Semiconductor Ltd. will post -0.37 earnings per share for the current fiscal year.

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.