HOD HASHARON, Israel , Nov. 26, 2024 /PRNewswire/ -- Valens Semiconductor (NYSE: VLN ), a leader in high-performance connectivity, announced today that its Board of Directors (the "Board") has approved a "distribution", as defined in the Israeli Companies Law, 1999 (the "Companies Law"), by way of a share repurchase program, pursuant to which the Company may repurchase (buyback) an aggregate amount of up to $10 million of the Company's ordinary shares (the "Distribution"), subject to the completion of required Israeli regulatory procedures. According to Section 7C.(C) of the Companies Regulations (Relief for Companies Whose Securities Are Listed for Trading on Foreign Stock Exchanges) 2000, the Company's creditors may apply to the Company and object to the Distribution, within 30 days following its publication. Following, and subject to, completion of the required Israeli regulatory procedures, share repurchases under the program will be made from time to time in open market purchases, private transactions or other transactions as permitted by securities laws and other legal requirements, including Rule 10b5-1 and Rule 10b -18, under the Securities Exchange Act of 1934, as amended. The timing and amounts of any purchases will be based on market conditions and other factors including but not limited to price and capital availability. The program does not require the purchase of any minimum dollar amount or number of shares and the program may be modified, suspended or discontinued at any time. This press release is neither an offer to purchase nor a solicitation of an offer to buy any securities. About Valens Semiconductor Valens Semiconductor (NYSE: VLN ) is a leader in high-performance connectivity, enabling customers to transform the digital experiences of people worldwide. Valens' chipsets are integrated into countless devices from leading customers, powering state-of-the-art audio-video installations, next-generation videoconferencing, and enabling the evolution of ADAS and autonomous driving. Pushing the boundaries of connectivity, Valens sets the standard everywhere it operates, and its technology forms the basis for the leading industry standards such as HDBaseT® and MIPI A-PHY. For more information, visit https://www.valens.com . Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our share repurchase program. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Valens Semiconductor's ("Valens") management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Valens Semiconductor. These forward-looking statements are subject to a number of risks and uncertainties, including the cyclicality of the semiconductor industry; the effect of inflation and a rising interest rate environment on our customers and industry; the ability of our customers to absorb inventory; competition in the semiconductor industry, and the failure to introduce new technologies and products in a timely manner to compete successfully against competitors; if Valens fails to adjust its supply chain volume due to changing market conditions or fails to estimate its customers' demand; disruptions in relationships with any one of Valens' key customers; any difficulty selling Valens' products if customers do not design its products into their product offerings; Valens' dependence on winning selection processes; even if Valens succeeds in winning selection processes for its products, Valens may not generate timely or sufficient net sales or margins from those wins; sustained yield problems or other delays or quality events in the manufacturing process of products; our ability to effectively manage, invest in, grow, and retain our sales force, research and development capabilities, marketing team and other key personnel; our ability to timely adjust product prices to customers following price increase by the supply chain; our ability to adjust our inventory level due to reduction in demand due to inventory buffers accrued by customers; our expectations regarding the outcome of any future litigation in which we are named as a party; our ability to adequately protect and defend our intellectual property and other proprietary rights; our ability to successfully integrate or otherwise achieve anticipated benefits from acquired businesses; the market price and trading volume of the Valens ordinary shares may be volatile and could decline significantly; political, economic, governmental and tax consequences associated with our incorporation and location in Israel ; and those factors discussed in Valens' Form 20-F filed with the SEC on February 28, 2024 under the heading "Risk Factors," and other documents of Valens filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Valens does not presently know or that Valens currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Valens' expectations, plans or forecasts of future events and views as of the date of this press release. Valens anticipates that subsequent events and developments may cause Valens' assessments to change. However, while Valens may elect to update these forward-looking statements at some point in the future, Valens specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Valens' assessment as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Logo: https://mma.prnewswire.com/media/2309625/4474760/Valens_Semiconductor_Logo.jpg Investor Contacts: Michal Ben Ari Investor Relations Manager Valens Semiconductor Ltd. [email protected] Lisa Fortuna Senior Vice President Financial Profiles, Inc. [email protected] SOURCE Valens SemiconductorCommerce Bank lifted its stake in shares of Celanese Co. ( NYSE:CE – Free Report ) by 45.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,661 shares of the basic materials company’s stock after buying an additional 4,552 shares during the quarter. Commerce Bank’s holdings in Celanese were worth $1,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors also recently bought and sold shares of the stock. DT Investment Partners LLC lifted its position in Celanese by 128.8% during the third quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock valued at $25,000 after buying an additional 103 shares during the period. Fairscale Capital LLC purchased a new position in Celanese during the 2nd quarter valued at about $28,000. LRI Investments LLC bought a new stake in Celanese during the first quarter worth about $31,000. Key Financial Inc grew its holdings in Celanese by 3,933.3% in the second quarter. Key Financial Inc now owns 242 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 236 shares during the period. Finally, ORG Partners LLC bought a new position in shares of Celanese during the second quarter valued at approximately $40,000. 98.87% of the stock is owned by institutional investors. Celanese Price Performance NYSE CE opened at $74.70 on Friday. The company has a 50-day moving average price of $116.72 and a 200-day moving average price of $131.01. Celanese Co. has a 52 week low of $71.38 and a 52 week high of $172.16. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $8.17 billion, a P/E ratio of 7.51, a PEG ratio of 0.77 and a beta of 1.31. Celanese Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, October 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.75%. Celanese’s payout ratio is currently 28.17%. Wall Street Analyst Weigh In A number of analysts have recently commented on CE shares. UBS Group cut Celanese from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $161.00 to $97.00 in a research report on Monday, November 11th. Robert W. Baird cut their target price on Celanese from $150.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada lowered their price target on Celanese from $163.00 to $122.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Morgan Stanley cut their price objective on shares of Celanese from $140.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, KeyCorp cut shares of Celanese from an “overweight” rating to a “sector weight” rating in a report on Monday, October 7th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $120.59. View Our Latest Analysis on CE Celanese Profile ( Free Report ) Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. Read More Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter .Sarnia councillor won't apologize to mayor and staff for vulgar attacks during meeting
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PTI advisor decries alleged firing on convoys, accuses govt of plottingSegall Bryant & Hamill LLC bought a new position in Conagra Brands, Inc. ( NYSE:CAG – Free Report ) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 34,200 shares of the company’s stock, valued at approximately $1,112,000. Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Conagra Brands in the 2nd quarter worth approximately $25,000. Chilton Capital Management LLC purchased a new stake in shares of Conagra Brands in the 2nd quarter worth approximately $25,000. Hexagon Capital Partners LLC grew its stake in shares of Conagra Brands by 82.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 927 shares of the company’s stock worth $30,000 after buying an additional 420 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Conagra Brands in the 1st quarter worth approximately $42,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Conagra Brands in the 3rd quarter worth approximately $47,000. Institutional investors own 83.75% of the company’s stock. Analysts Set New Price Targets Several analysts have commented on CAG shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $29.00 target price on shares of Conagra Brands in a research note on Thursday, October 3rd. The Goldman Sachs Group started coverage on Conagra Brands in a research note on Monday, August 12th. They set a “buy” rating and a $36.00 target price on the stock. Wells Fargo & Company increased their target price on Conagra Brands from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. BNP Paribas upgraded Conagra Brands to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Bank of America cut their target price on Conagra Brands from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.63. Conagra Brands Stock Performance CAG stock opened at $27.42 on Friday. The company has a market cap of $13.09 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 2.80 and a beta of 0.34. Conagra Brands, Inc. has a 1 year low of $26.21 and a 1 year high of $33.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33. The stock’s fifty day moving average price is $29.67 and its 200-day moving average price is $29.91. Conagra Brands ( NYSE:CAG – Get Free Report ) last released its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. On average, equities analysts forecast that Conagra Brands, Inc. will post 2.59 earnings per share for the current year. Conagra Brands Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, October 31st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a yield of 5.11%. Conagra Brands’s dividend payout ratio is currently 135.92%. Conagra Brands Profile ( Free Report ) Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. Read More Want to see what other hedge funds are holding CAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conagra Brands, Inc. ( NYSE:CAG – Free Report ). Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter .
Image via Tim Warner/Getty Images San Antonio Spurs rookie Stephon Castle delivered a standout performance on Saturday, leading his team to a commanding 104-94 win over the Western Conference's top-ranked Golden State Warriors . The 20-year-old guard, drafted with a lottery pick, showcased why the Spurs invested in his potential, helping the team improve to a 9-8 record and climb to 11th place in the Western Conference standings. IPL 2025 mega auction IPL Auction 2025: Who got whom IPL 2025 Auction: Updated Full Team Squads Castle's 19-point effort against the Warriors turned heads, particularly as he faced off against former MVP Steph Curry . In addition to his scoring, Castle contributed three rebounds, three assists, and a critical steal that cemented the Spurs’ victory. The young point guard's game-changing plays came in the clutch. With under five minutes remaining and the Spurs trailing by two, Castle drove to the basket for a difficult layup, tying the game. Just 35 seconds later, he sank a deep three-pointer, giving San Antonio a 93-90 lead. Castle’s defensive prowess was on display as well, as he stole the ball from Curry in the final minutes, shutting down any hopes of a Warriors comeback. Image via AP Photos Castle’s mother, Quannette, was among those celebrating his performance. Sharing her pride on social media, she posted a concise yet heartfelt message on X: "Winner. Stay hungry son." While Castle impressed, his teammate Victor Wembanyama also played a pivotal role, recording 25 points and nine rebounds to dominate the Warriors. Together, the duo propelled the Spurs to an impressive team victory. Through 17 games this season, Castle is averaging 10.9 points, 2.6 rebounds, and 3.6 assists in 26.2 minutes per game. His growth and confidence are becoming critical assets for the Spurs as they aim to rise in the standings. Also read: Warriors’ Buddy Hield made history against the Spurs as he passed Joe Johnson on the NBA's all-time threes-made list With his latest performance, Castle is proving to be a future star for San Antonio. Fans and analysts alike will be watching closely as the young guard continues to develop and make an impact in the NBA.
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