indie Semiconductor, Inc. $INDI Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in indie Semiconductor, Inc. (NASDAQ:INDI) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,493,648 shares of the company’s stock after purchasing an additional 210,463 shares during the period. Vanguard Group Inc. owned 7.05% of indie Semiconductor worth $54,693,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC acquired a new position in indie Semiconductor in the second quarter valued at $37,000. Jump Financial LLC acquired a new position in indie Semiconductor in the second quarter valued at $39,000. Gainplan LLC acquired a new position in indie Semiconductor in the fourth quarter valued at $39,000. Jefferies Financial Group Inc. acquired a new position in indie Semiconductor in the third quarter valued at $55,000. Finally, Envestnet Asset Management Inc. increased its stake 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 last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 18,420 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $2.99, for a total transaction of $55,075.80. Following the completion of the sale, the chief executive officer owned 298,500 shares of the company’s stock, valued at approximately $892,515. The trade was a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Ichiro Aoki sold 50,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $4.78, for a total value of $239,000.00. Following the sale, the president directly owned 106,169 shares of the company’s stock, valued at approximately $507,487.82. This trade represents a 32.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 912,682 shares of company stock valued at $3,129,378. Company insiders own 2.57% of the company’s stock.

indie Semiconductor Price Performance

INDI stock opened at $4.19 on Friday. The stock has a 50-day moving average price of $3.31 and a two-hundred day moving average price of $3.77. indie Semiconductor, Inc. has a 12-month low of $2.29 and a 12-month high of $6.05. The company has a current ratio of 4.11, a quick ratio of 3.10 and a debt-to-equity ratio of 1.15. The company has a market cap of $937.14 million, a PE ratio of -5.51 and a beta of 2.74.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). indie Semiconductor had a negative return on equity of 29.85% and a negative net margin of 69.76%.The firm had revenue of $55.46 million during the quarter, compared to the consensus estimate of $55.09 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts predict that indie Semiconductor, Inc. will post -0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

INDI has been the subject of several analyst reports. Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group upped their target price on indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, indie Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $6.92.

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.