Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in indie Semiconductor, Inc. $INDI

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 20.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 892,783 shares of the company’s stock after acquiring an additional 152,296 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in indie Semiconductor were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INDI. Millennium Management LLC increased its holdings in indie Semiconductor by 456.6% in the first quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock valued at $7,535,000 after buying an additional 3,037,435 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of indie Semiconductor by 8.9% during the 1st quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company’s stock worth $58,249,000 after acquiring an additional 2,335,620 shares in the last quarter. Fred Alger Management LLC acquired a new stake in shares of indie Semiconductor during the 1st quarter valued at about $2,527,000. Bank of Nova Scotia grew its position in shares of indie Semiconductor by 612.9% during the 1st quarter. Bank of Nova Scotia now owns 1,324,256 shares of the company’s stock valued at $2,695,000 after acquiring an additional 1,138,498 shares during the period. Finally, Deutsche Bank AG increased its stake 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 purchasing an additional 1,115,049 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, President Ichiro Aoki sold 8,877 shares of indie Semiconductor stock in a transaction on Monday, September 8th. The shares were sold at an average price of $4.22, for a total transaction of $37,460.94. Following the sale, the president owned 82,634 shares of the company’s stock, valued at $348,715.48. The trade was a 9.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael Wittmann sold 59,375 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $4.29, for a total transaction of $254,718.75. Following the sale, the chief operating officer directly owned 94,005 shares of the company’s stock, valued at $403,281.45. The trade was a 38.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 703,197 shares of company stock worth $3,229,322. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on INDI shares. Roth Capital reiterated a “buy” rating and set a $8.00 price target on shares of indie Semiconductor in a research report on Wednesday, October 15th. Wall Street Zen cut indie Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. UBS Group increased their target price on indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Monday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.60.

indie Semiconductor Price Performance

NASDAQ:INDI opened at $3.94 on Friday. The stock has a 50 day moving average of $4.58 and a two-hundred day moving average of $3.87. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $6.05. The firm has a market cap of $851.72 million, a P/E ratio of -5.25 and a beta of 2.38. The company has a current ratio of 3.75, a quick ratio of 3.72 and a debt-to-equity ratio of 0.86.

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

indie Semiconductor Profile

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.