News

Jun 12, 2023

AlpInvest Partners B.V. Purchases New Stake in Valens Semiconductor

AlpInvest Partners B.V. recently acquired 988,110 shares of Valens Semiconductor Ltd. (NYSE:VLN) in the first quarter, as disclosed in its latest filing with the SEC. The shares were valued at

AlpInvest Partners B.V. recently acquired 988,110 shares of Valens Semiconductor Ltd. (NYSE:VLN) in the first quarter, as disclosed in its latest filing with the SEC. The shares were valued at approximately $3,152,000. This purchase represented about 0.8% of AlpInvest Partners B.V.’s total holdings and ranked as its 17th largest position.

Various other hedge funds and institutional investors have also purchased and sold shares of Valens Semiconductor. For instance, Oppenheimer & Co. Inc. increased its stake in the company by 18.5% during the fourth quarter, owning 178,356 shares worth $958,000. Westwood Management Corp IL raised its stake by 450.0% in the same period, holding 110,000 shares valued at $591,000. Similarly, Clal Insurance Enterprises Holdings Ltd increased its stake by 50.0%, possessing 202,071 shares worth $1,085,000. IvyRock Asset Management HK Ltd entered the fray, buying a new position in Valens Semiconductor worth roughly $91,000. Furthermore, Barclays PLC lifted its stake by 500.1% in the fourth quarter, holding 761,578 shares valued at $4,090,000.

Analysts have weighed in on the stock with their own assessments. For example, Oppenheimer has lowered its price target on shares of Valens Semiconductor from $7.00 to $6.00, while Chardan Capital has trimmed its price objective from $13.00 to $12.00. Citigroup has also reduced its price target from $6.00 to $5.00.

Valens Semiconductor’s stock performance has seen shares reach $2.49, with a trading volume of 222,221 shares. The company’s fifty-day moving average stands at $2.46, while the 200-day moving average is $3.28. Throughout the year, Valens Semiconductor has recorded a low of $2.22 and a high of $5.99.

In terms of financials, Valens Semiconductor announced its quarterly earnings data on May 10th. The company reported earnings per share (EPS) of ($0.06), surpassing analysts’ estimates of ($0.09) by $0.03. Revenue for the quarter was $23.88 million, slightly higher than analyst estimates of $23.70 million. Valens Semiconductor recorded a negative net margin of 30.11% and a negative return on equity of 16.22%. Analysts predict that Valens Semiconductor will post -0.34 EPS for the current fiscal year.

Valens Semiconductor is a company that offers semiconductor products to enable high-speed video and data transmission for the audio-video and automotive industries. Its HDBaseT technology allows for the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.