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

Emerald Advisers LLC raised its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 139.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,929 shares of the company’s stock after acquiring an additional 158,957 shares during the quarter. Emerald Advisers LLC owned approximately 0.14% of indie Semiconductor worth $1,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INDI. Artemis Investment Management LLP boosted its stake in shares of indie Semiconductor by 482.7% in the 4th quarter. Artemis Investment Management LLP now owns 6,539,694 shares of the company’s stock valued at $26,486,000 after buying an additional 5,417,296 shares during the period. Elemental Capital Partners LLC purchased a new position in shares of indie Semiconductor in the 4th quarter valued at about $14,272,000. Vanguard Group Inc. boosted its stake in shares of indie Semiconductor by 8.1% in the 4th quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company’s stock valued at $50,970,000 after buying an additional 942,088 shares during the period. Harber Asset Management LLC purchased a new position in shares of indie Semiconductor in the 3rd quarter valued at about $3,406,000. Finally, Primecap Management Co. CA boosted its stake in shares of indie Semiconductor by 3.2% in the 4th quarter. Primecap Management Co. CA now owns 26,287,766 shares of the company’s stock valued at $106,465,000 after buying an additional 819,321 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group assumed coverage on indie Semiconductor in a research note on Friday, January 24th. They issued a “neutral” rating and a $4.50 price objective for the company. Benchmark decreased their target price on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, KeyCorp decreased their target price on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, indie Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $7.50.

indie Semiconductor Price Performance

INDI stock 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 fifty-two week low of $2.12 and a fifty-two week high of $7.82. The business has a 50 day moving average price of $3.54 and a 200 day moving average price of $3.88. The stock has a market cap of $450.27 million, a price-to-earnings 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 for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $58.01 million during the quarter, compared to analysts’ expectations of $58.20 million. Equities research analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Buying and Selling 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 stock was sold at an average price of $2.90, for a total value of $190,686.60. Following the completion of the sale, the chief executive officer now owns 246,535 shares in the company, valued at approximately $714,951.50. The trade was a 21.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Wittmann sold 10,875 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $2.81, for a total value of $30,558.75. Following the completion of the transaction, the chief operating officer now directly owns 77,887 shares in the company, valued at approximately $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 quarter, insiders sold 151,414 shares of company stock worth $456,699. 8.20% of the stock is owned by insiders.

indie Semiconductor Company 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.