P.A.W. Capital Corp Sells 75,000 Shares of indie Semiconductor, Inc. $INDI

P.A.W. Capital Corp trimmed its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 6.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,025,000 shares of the company’s stock after selling 75,000 shares during the period. indie Semiconductor makes up about 7.0% of P.A.W. Capital Corp’s holdings, making the stock its 4th largest holding. P.A.W. Capital Corp’s holdings in indie Semiconductor were worth $3,649,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of INDI. Primecap Management Co. CA increased its position in shares of indie Semiconductor by 1.9% in the second quarter. Primecap Management Co. CA now owns 29,160,176 shares of the company’s stock valued at $103,810,000 after acquiring an additional 536,790 shares during the last quarter. Vanguard Group Inc. grew its stake in indie Semiconductor by 1.8% in the first quarter. Vanguard Group Inc. now owns 12,805,999 shares of the company’s stock valued at $26,060,000 after purchasing an additional 220,737 shares in the last quarter. Geode Capital Management LLC increased its position in shares of indie Semiconductor by 9.5% during the 2nd quarter. Geode Capital Management LLC now owns 4,573,560 shares of the company’s stock worth $16,285,000 after purchasing an additional 396,433 shares during the last quarter. Millennium Management LLC raised its stake in shares of indie Semiconductor by 456.6% during the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock worth $7,535,000 after purchasing an additional 3,037,435 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of indie Semiconductor by 453.2% in the 1st quarter. Deutsche Bank AG now owns 1,361,077 shares of the company’s stock valued at $2,777,000 after buying an additional 1,115,049 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at indie Semiconductor

In other news, CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $6.01, for a total transaction of $1,202,000.00. Following the completion of the sale, the chief executive officer owned 135,602 shares of the company’s stock, valued at approximately $814,968.02. This trade represents a 59.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Wittmann sold 59,375 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $4.29, for a total transaction of $254,718.75. Following the completion of the sale, the chief operating officer directly owned 94,005 shares of the company’s stock, valued at approximately $403,281.45. The trade was a 38.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,028,197 shares of company stock valued at $4,502,572 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

INDI has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, November 10th. Wall Street Zen downgraded shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Roth Capital reissued a “buy” rating and set a $8.00 price target on shares of indie Semiconductor in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, indie Semiconductor has a consensus rating of “Moderate Buy” and a consensus price target of $6.60.

indie Semiconductor Stock Down 5.0%

indie Semiconductor stock opened at $3.44 on Wednesday. The company’s 50-day moving average price is $4.54 and its two-hundred day moving average price is $3.93. The company has a quick ratio of 3.18, a current ratio of 3.75 and a debt-to-equity ratio of 0.86. The stock has a market cap of $755.53 million, a P/E ratio of -4.59 and a beta of 2.38. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $6.05.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $53.68 million for the quarter, compared to the consensus estimate of $53.98 million. indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) EPS. indie Semiconductor has set its Q4 2025 guidance at EPS. As a group, analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

About indie Semiconductor

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.