Fintel reports that on August 10, 2023, Citigroup maintained coverage of Valens Semiconductor (NYSE:VLN) with a Buy recommendation.
Analyst Price Forecast Suggests 143.82% Upside
As of August 2, 2023, the average one-year price target for Valens Semiconductor is 6.12. The forecasts range from a low of 5.05 to a high of $9.45. The average price target represents an increase of 143.82% from its latest reported closing price of 2.51.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Valens Semiconductor is 113MM, an increase of 19.50%. The projected annual non-GAAP EPS is -0.18.
What is the Fund Sentiment?
There are 53 funds or institutions reporting positions in Valens Semiconductor. This is an increase of 5 owner(s) or 10.42% in the last quarter. Average portfolio weight of all funds dedicated to VLN is 0.86%, a decrease of 40.79%. Total shares owned by institutions increased in the last three months by 6.93% to 27,544K shares. 
The put/call ratio of VLN is 0.09, indicating a bullish outlook.
What are Other Shareholders Doing?
Linse Capital holds 11,191K shares representing 10.93% ownership of the company. No change in the last quarter.
Vintage Ventures Advisors holds 2,317K shares representing 2.26% ownership of the company. In it's prior filing, the firm reported owning 1,577K shares, representing an increase of 31.95%. The firm increased its portfolio allocation in VLN by 61.81% over the last quarter.
Clal Insurance Enterprises Holdings holds 2,240K shares representing 2.19% ownership of the company. In it's prior filing, the firm reported owning 818K shares, representing an increase of 63.47%. The firm increased its portfolio allocation in VLN by 73.22% over the last quarter.
Bank Of America holds 1,777K shares representing 1.74% ownership of the company. In it's prior filing, the firm reported owning 1K shares, representing an increase of 99.97%. The firm increased its portfolio allocation in VLN by 47,319.44% over the last quarter.
Blackstone Group holds 1,623K shares representing 1.59% ownership of the company.
Valens Semiconductor Background Information
(This description is provided by the company.)
Valens is a leading provider of semiconductor products, pushing the boundaries of connectivity by enabling long-reach, high-speed video and data transmission for the audio-video and automotive industries. Valens' Emmy® award-winning HDBaseT technology is the leading standard in the professional audio-video market with tens of millions of Valens' chipsets integrated into thousands of HDBaseT-enabled products. Valens Automotive is a key enabler of the evolution of autonomous driving, providing chipsets that are on the road in vehicles around the world. The underlying technology has been selected to become the basis for MIPI A-PHY, the global standard for automotive connectivity. Founded in 2006, Valens is based in Hod Hasharon, Israel, with offices in the US, Europe and Asia.
Additional reading:
- LG Electronics Selects Valens Semiconductor’s VA7000 MIPI A-PHY Compliant Chipsets for its Next Generation Camera System Project
- Valens Semiconductor Reports Second Quarter 2023 Results Delivered Record Quarterly Revenue and Implemented a Plan to Improve Efficiency
- VALENS SEMICONDUCTOR LTD. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2023 VALENS SEMICONDUCTOR LTD. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023
- Valens Semiconductor Announces Changes to Its Board of Directors
- Valens Semiconductor and AI Image Processing Company iCatch Technology Collaborate to Bring a 360-Degree Multi-Camera Videoconferencing Solution to Market Addresses the fast-growing multi-camera videoconferencing market by offering a unified meeting
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
