Clal Insurance Enterprises Holdings Ltd Sells 255,512 Shares of Valens Semiconductor Ltd. (NYSE:VLN)

Clal Insurance Enterprises Holdings Ltd trimmed its stake in Valens Semiconductor Ltd. (NYSE:VLN) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,984,537 shares of the company’s stock after selling 255,512 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Valens Semiconductor were worth $5,160,000 as of its most recent SEC filing.

Separately, Oppenheimer & Co. Inc. grew its position in Valens Semiconductor by 24.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 273,797 shares of the company’s stock valued at $712,000 after acquiring an additional 53,155 shares during the period. 33.90% of the stock is owned by hedge funds and other institutional investors.

Valens Semiconductor Stock Performance

Valens Semiconductor stock opened at $2.12 on Friday. The firm has a market cap of $225.45 million, a P/E ratio of -8.48 and a beta of 0.32. The business’s fifty day moving average is $2.65 and its two-hundred day moving average is $2.25. Valens Semiconductor Ltd. has a 52 week low of $1.67 and a 52 week high of $3.50.

Analysts Set New Price Targets

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

About Valens Semiconductor

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.