Valens Semiconductor Ltd. (NYSE:VLN – Get Rating) earned a consensus “Buy” recommendation from the seven research firms that currently cover the company, Marketbeat.com reports. One research analyst rated the stock with a sell rating and six issued a buy rating on the company. The 12-month average target price among analysts who updated their coverage of the stock in the past year is $13.17.
Separately, Citigroup lowered its price target on Valens Semiconductor shares from $13.00 to $10.00 and set a “buy” rating for the company in a Thursday, March 3 research note.
A number of institutional investors have recently changed their stock portfolios. Penserra Capital Management LLC bought a new position in Valens Semiconductor in the fourth quarter worth about $48,000. Citigroup Inc. bought a new position in Valens Semiconductor in the fourth quarter worth about $66,000. Goldman Sachs Group Inc. increased its stake in Valens Semiconductor by 1.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 645,299 shares of the company worth $4,969,000 after acquiring 10,791 additional shares in the last quarter. Two Sigma Securities LLC bought a new position in Valens Semiconductor in the third quarter worth about $172,000. Finally, Oppenheimer & Co. Inc. increased its stake in Valens Semiconductor by 61.9% in the first quarter. Oppenheimer & Co. Inc. now owns 92,080 shares of the company worth $484,000 after acquiring 35,205 additional shares in the last quarter. Institutional investors hold 51.25% of the company’s shares.
NYSE VLN opened at $3.71 on Tuesday. The company has a 50-day simple moving average of $4.83 and a 200-day simple moving average of $6.65. Valens Semiconductor has a one-year low of $3.07 and a one-year high of $12.19.
Valens Semiconductor Inc (NYSE:VLN – Get Rating) last released quarterly earnings data on Wednesday, March 2. The company reported ($0.08) EPS for the quarter, missing the ($0.04) consensus estimate of ($0.04). The company posted revenue of $20.74 million for the quarter, versus analyst estimates of $20.00 million. Equity research analysts expect Valens Semiconductor to post -0.35 earnings per share for the current year.
About Valens Semiconductor (Get a rating)
Valens Semiconductor Ltd. engages in the supply of semiconductor products that enable high-speed video and data transmission for the audio-video and automotive industries. It offers HDBaseT technology, which enables the simultaneous streaming of ultra-high definition digital video and audio, Ethernet, USB, control signals and power over a single long-range cable.
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