: Valens Semiconductor started at outperform with $12 stock price target at Oppenheimer

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Valens Semiconductor Ltd.

Valens Semiconductor Ltd. engages in the provision of semiconductor products, which enables long-reach, high-speed video and data transmission for the professional audio-video and automotive industries. It offers transmitters and receivers for applications, such as DVD players and recorders, digital set-top-boxes, game consoles, PCs, HDBaseT switches, and A/V receivers, as well as HDMI repeaters, splitters, and switches; and DTVs, LCDs, plasma displays, rear and front projectors, and digital signage. The company was founded by Dror Jerushalmi, Massad Eyal, Eyran Lida, Gaby Gur-Cohen, Nadav Banet and Alon Benzaray on October 26, 2006 and is headquartered in Hod Hasharon, Israel.

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