5,500,000 Shares in indie Semiconductor, Inc. $INDI Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in indie Semiconductor, Inc. (NASDAQ:INDI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,500,000 shares of the company’s stock, valued at approximately $22,385,000.

Other large investors have also recently modified their holdings of the company. ProShare Advisors LLC lifted its holdings in shares of indie Semiconductor by 9.0% during the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company’s stock worth $142,000 after purchasing an additional 3,300 shares during the period. Envestnet Asset Management Inc. increased its holdings in indie Semiconductor by 32.1% in the third quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock valued at $66,000 after purchasing an additional 3,921 shares during the period. Ameritas Investment Partners Inc. raised its position in indie Semiconductor by 27.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company’s stock worth $71,000 after purchasing an additional 4,207 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in indie Semiconductor by 33.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 19,136 shares of the company’s stock worth $68,000 after buying an additional 4,763 shares during the period. Finally, XTX Topco Ltd lifted its holdings in indie Semiconductor by 2.5% during the 3rd quarter. XTX Topco Ltd now owns 219,802 shares of the company’s stock worth $895,000 after buying an additional 5,377 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Activity at indie Semiconductor

In related news, President Ichiro Aoki sold 50,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $2.57, for a total transaction of $128,500.00. Following the transaction, the president directly owned 100,952 shares of the company’s stock, valued at $259,446.64. This represents a 33.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald Mcclymont sold 90,644 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $3.56, for a total transaction of $322,692.64. Following the completion of the sale, the chief executive officer owned 282,393 shares of the company’s stock, valued at $1,005,319.08. The trade was a 24.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 399,420 shares of company stock worth $1,308,089 over the last quarter. 5.60% of the stock is currently owned by insiders.

indie Semiconductor Trading Down 1.9%

NASDAQ INDI opened at $2.56 on Friday. The business has a 50 day simple moving average of $3.58 and a 200 day simple moving average of $4.01. indie Semiconductor, Inc. has a one year low of $1.53 and a one year high of $6.05. The stock has a market capitalization of $562.25 million, a P/E ratio of -3.51 and a beta of 2.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.73 and a quick ratio of 3.10.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $58.01 million for the quarter, compared to analyst estimates of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The company’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share. Research analysts expect that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on INDI shares. Wall Street Zen cut indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Thursday, January 22nd. Finally, UBS Group set a $4.25 target price on shares of indie Semiconductor in a research report on Sunday, February 22nd. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.45.

About indie Semiconductor

indie Semiconductor, Inc is a fabless semiconductor company headquartered in San Jose, California, that specializes in advanced chip solutions for the automotive industry. The company designs and develops microcontrollers, sensor processing units, application processors and power management integrated circuits tailored for electric vehicles (EVs), advanced driver assistance systems (ADAS), infotainment and digital clusters. indie’s product portfolio aims to deliver high performance, energy efficiency and functional safety to meet stringent automotive requirements.

Originally formed as Integrated Memory Systems in 2021 through a business combination with a special purpose acquisition company, the firm rebranded to indie Semiconductor in early 2022.