indie Semiconductor, Inc. (NASDAQ:INDI) is Granahan Investment Management LLC’s 3rd Largest Position

Granahan Investment Management LLC trimmed its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,675,164 shares of the company’s stock after selling 134,320 shares during the quarter. indie Semiconductor makes up 3.0% of Granahan Investment Management LLC’s portfolio, making the stock its 3rd biggest holding. Granahan Investment Management LLC owned 0.09% of indie Semiconductor worth $71,584,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INDI. Barclays PLC grew its position in shares of indie Semiconductor by 330.7% in the third quarter. Barclays PLC now owns 256,799 shares of the company’s stock valued at $1,026,000 after purchasing an additional 197,179 shares during the last quarter. Virtu Financial LLC purchased a new stake in indie Semiconductor in the 3rd quarter valued at approximately $58,000. Harbor Capital Advisors Inc. grew its holdings in indie Semiconductor by 4.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,333,220 shares of the company’s stock valued at $13,500,000 after buying an additional 137,310 shares during the last quarter. Moody National Bank Trust Division increased its position in indie Semiconductor by 2.3% during the fourth quarter. Moody National Bank Trust Division now owns 650,810 shares of the company’s stock worth $2,636,000 after buying an additional 14,500 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of indie Semiconductor in the fourth quarter worth $74,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 65,754 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $190,686.60. Following the completion of the sale, the chief executive officer now directly owns 246,535 shares in the company, valued at $714,951.50. The trade was a 21.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael Wittmann sold 10,875 shares of indie Semiconductor stock in a transaction on Monday, March 10th. The shares were sold at an average price of $2.81, for a total transaction of $30,558.75. Following the transaction, the chief operating officer now owns 77,887 shares in the company, valued at $218,862.47. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,277 shares of company stock worth $434,192. 8.20% of the stock is owned by insiders.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $2.33 on Friday. The company has a market cap of $485.79 million, a P/E ratio of -3.07 and a beta of 2.01. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $7.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. The company has a 50-day moving average of $2.14 and a 200-day moving average of $3.44.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. The company had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $58.20 million. As a group, equities analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Analyst Ratings Changes

INDI has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating on shares of indie Semiconductor in a research note on Thursday, April 24th. Benchmark reaffirmed a “buy” rating and set a $8.00 price target on shares of indie Semiconductor in a research note on Wednesday, April 9th. UBS Group started coverage on shares of indie Semiconductor in a research report on Friday, January 24th. They issued a “neutral” rating and a $4.50 price objective for the company. Finally, KeyCorp decreased their target price on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.50.

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.