Valens Semiconductor Ltd. (NYSE: VLN) Receives Consensus “Buy” Recommendation From Brokerages

Valens Semiconductor Ltd. (NYSE:VLN – Get Rating) received a consensus “Buy” recommendation from the six rating companies that currently cover the company, Marketbeat Ratings reports. Five research analysts rated the stock with a buy rating. The 12-month average target price among brokers who have hedged the stock over the past year is $12.00.

VLN has been the subject of a number of research analyst reports. Bank of America lowered its price target on Valens Semiconductor from $8.50 to $5.00 in a report on Wednesday. Citigroup lowered its price target on Valens Semiconductor from $13.00 to $10.00 and set a “buy” rating for the company in a Thursday, March 3 report.

Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Oppenheimer & Co. Inc. acquired a new stake in Valens Semiconductor during the fourth quarter valued at approximately $438,000. Goldman Sachs Group Inc. increased its stake in Valens Semiconductor by 671.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,896,503 shares of the company worth $37,703,000 after acquiring an additional 4,261,995 shares during the period. Linse Capital LLC acquired a new stake in Valens Semiconductor during the fourth quarter valued at approximately $86,168,000. Finally, Magma Venture Partners General Partner Ltd. acquired a new stake in Valens Semiconductor during the fourth quarter worth approximately $147,382,000. Hedge funds and other institutional investors own 51.25% of the company’s shares.

(A d)

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I increased my $50,000 to $5.3M

Shares of VLN opened at $3.64 on Wednesday. The stock has a fifty-day moving average of $3.31 and a two-hundred-day moving average of $5.33. Valens Semiconductor has a fifty-two-week low of $2.71 and a fifty-two-week high of $12.19.

About Valens Semiconductor (Get an evaluation)

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.

See also

Analyst Recommendations for Valens Semiconductor (NYSE: VLN)

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