IGP Investments G.P.L.P LP Takes $9 Million Position in Valens Semiconductor Ltd. (NYSE:VLN)

IGP Investments G.P.L.P LP bought a new position in Valens Semiconductor Ltd. (NYSE:VLN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,460,000 shares of the company’s stock, valued at approximately $8,996,000. Valens Semiconductor accounts for about 100.0% of IGP Investments G.P.L.P LP’s holdings, making the stock its biggest position. IGP Investments G.P.L.P LP owned 3.25% of Valens Semiconductor as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, ARK Investment Management LLC bought a new position in Valens Semiconductor during the 3rd quarter valued at approximately $1,362,000. Institutional investors own 33.90% of the company’s stock.

Valens Semiconductor Trading Down 2.9 %

Shares of NYSE VLN opened at $2.04 on Tuesday. The firm has a fifty day simple moving average of $2.65 and a two-hundred day simple moving average of $2.24. The firm has a market capitalization of $216.94 million, a PE ratio of -8.16 and a beta of 0.32. Valens Semiconductor Ltd. has a 12 month low of $1.67 and a 12 month high of $3.50.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity upgraded Valens Semiconductor to a “strong-buy” rating in a research report on Monday, December 2nd.

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.