Marshall Wace LLP Acquires 68,260 Shares of Valens Semiconductor Ltd. (NYSE:VLN)

Marshall Wace LLP boosted its stake in Valens Semiconductor Ltd. (NYSE:VLN) by 355.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,461 shares of the company’s stock after purchasing an additional 68,260 shares during the quarter. Marshall Wace LLP’s holdings in Valens Semiconductor were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Valens Semiconductor by 23.3% in the second quarter. Renaissance Technologies LLC now owns 634,300 shares of the company’s stock worth $2,023,000 after acquiring an additional 119,900 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Valens Semiconductor by 14.6% during the first quarter. Oppenheimer & Co. Inc. now owns 154,795 shares of the company’s stock valued at $364,000 after purchasing an additional 19,727 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Valens Semiconductor in the second quarter valued at approximately $401,000. Institutional investors own 33.90% of the company’s stock.

Valens Semiconductor Stock Up 2.4 %

VLN opened at $2.11 on Friday. Valens Semiconductor Ltd. has a 12-month low of $1.83 and a 12-month high of $3.39. The stock has a market cap of $219.78 million, a price-to-earnings ratio of -7.81 and a beta of 0.40. The business has a 50 day moving average of $2.17 and a 200-day moving average of $2.49.

Valens Semiconductor (NYSE:VLN) last announced its earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The company 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%. As a group, analysts expect that Valens Semiconductor Ltd. will post -0.37 earnings per share for the current year.

Valens Semiconductor 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.