indie Semiconductor, Inc. (NASDAQ:INDI) Shares Bought by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC raised its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 61.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,121 shares of the company’s stock after purchasing an additional 13,768 shares during the quarter. Tempus Wealth Planning LLC’s holdings in indie Semiconductor were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of indie Semiconductor by 1,743.8% in the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock valued at $25,000 after purchasing an additional 3,906 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of indie Semiconductor during the first quarter valued at approximately $53,000. Xponance Inc. acquired a new position in shares of indie Semiconductor during the second quarter valued at approximately $63,000. Quent Capital LLC increased its stake in shares of indie Semiconductor by 66.7% during the first quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $71,000 after acquiring an additional 4,000 shares during the period. Finally, Creative Planning acquired a new position in shares of indie Semiconductor during the third quarter valued at approximately $75,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on INDI shares. Benchmark reiterated a “buy” rating and set a $12.00 price objective on shares of indie Semiconductor in a research note on Tuesday, September 10th. Roth Mkm decreased their price target on shares of indie Semiconductor from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, indie Semiconductor presently has an average rating of “Buy” and an average price target of $10.50.

Insider Buying and Selling

In related news, CFO Thomas Schiller sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total value of $287,250.00. Following the completion of the transaction, the chief financial officer now owns 977,192 shares of the company’s stock, valued at approximately $3,742,645.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.20% of the company’s stock.

indie Semiconductor Trading Down 2.8 %

indie Semiconductor stock opened at $3.44 on Thursday. The company has a 50 day moving average price of $3.82 and a 200 day moving average price of $5.35. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.20 and a current ratio of 2.66. The firm has a market capitalization of $642.46 million, a price-to-earnings ratio of -7.02 and a beta of 1.20.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). indie Semiconductor had a negative net margin of 34.65% and a negative return on equity of 22.48%. The firm had revenue of $52.40 million during the quarter, compared to analyst estimates of $53.61 million. During the same quarter last year, the business posted ($0.11) EPS. The company’s revenue was up .6% on a year-over-year basis. Research analysts forecast that indie Semiconductor, Inc. will post -0.7 EPS for the current 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.