indie Semiconductor, Inc. (NASDAQ:INDI) Shares Acquired by Emerald Advisers LLC

Emerald Advisers LLC grew its stake in indie Semiconductor, Inc. (NASDAQ:INDI) by 139.5% during the fourth quarter, HoldingsChannel reports. The firm owned 272,929 shares of the company’s stock after purchasing an additional 158,957 shares during the quarter. Emerald Advisers LLC’s holdings in indie Semiconductor were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Primecap Management Co. CA grew its holdings in indie Semiconductor by 3.2% during the fourth quarter. Primecap Management Co. CA now owns 26,287,766 shares of the company’s stock worth $106,465,000 after acquiring an additional 819,321 shares during the period. Bamco Inc. NY grew its holdings in indie Semiconductor by 0.6% during the third quarter. Bamco Inc. NY now owns 15,240,606 shares of the company’s stock worth $60,810,000 after acquiring an additional 89,181 shares during the period. Vanguard Group Inc. grew its holdings in indie Semiconductor by 8.1% during the fourth quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company’s stock worth $50,970,000 after acquiring an additional 942,088 shares during the period. State Street Corp grew its holdings in indie Semiconductor by 2.3% during the third quarter. State Street Corp now owns 7,102,029 shares of the company’s stock worth $28,337,000 after acquiring an additional 161,132 shares during the period. Finally, Artemis Investment Management LLP grew its holdings in indie Semiconductor by 482.7% during the fourth quarter. Artemis Investment Management LLP now owns 6,539,694 shares of the company’s stock worth $26,486,000 after acquiring an additional 5,417,296 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Benchmark dropped their price objective on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 21st. KeyCorp decreased their target price on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, UBS Group began coverage on indie Semiconductor in a research report on Friday, January 24th. They set a “neutral” rating and a $4.50 target price on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.50.

indie Semiconductor Stock Up 0.5 %

Shares of NASDAQ:INDI opened at $2.23 on Monday. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 52-week low of $2.12 and a 52-week high of $7.82. The stock’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $3.88. The company has a market capitalization of $450.27 million, a P/E ratio of -2.93 and a beta of 1.54.

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

Insider Activity

In related news, COO Michael Wittmann sold 10,875 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $2.81, for a total transaction of $30,558.75. Following the transaction, the chief operating officer now directly owns 77,887 shares in the company, valued at approximately $218,862.47. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Donald Mcclymont sold 65,754 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $2.90, for a total value of $190,686.60. Following the sale, the chief executive officer now owns 246,535 shares of the company’s stock, valued at $714,951.50. This represents a 21.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,414 shares of company stock worth $456,699 over the last three months. 8.20% of the stock is currently owned by corporate insiders.

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.