5 Best Semiconductor Penny Stocks to Buy

2. Valens Semiconductor Ltd. (NYSE:VLN)

Number of Hedge Fund Investors In Q1 2023: 11

Valens Semiconductor Ltd. (NYSE:VLN) is an Israeli firm headquartered in Hod Hasharon. Its products enable the consolidation of display, audio, and other signals in a single cable for use in different applications such as smart vehicles and entertainment systems.

Insider Monkey dug through 943 hedge funds for their first quarter of 2023 shareholdings to find out that 11 had invested in Valens Semiconductor Ltd. (NYSE:VLN). Like some other semiconductor penny stocks on our list, there’s quite a bit of share price upside here as well, with a consensus analyst price target of $6 significantly higher than the trading price of $2.53.