indie Semiconductor, Inc. (NASDAQ:INDI) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,897 shares of the company’s stock after buying an additional 2,700 shares during the quarter. Raymond James & Associates’ holdings in indie Semiconductor were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in INDI. Redwood Wealth Management Group LLC grew its holdings in indie Semiconductor by 5.2% during the 3rd quarter. Redwood Wealth Management Group LLC now owns 52,500 shares of the company’s stock worth $331,000 after acquiring an additional 2,600 shares in the last quarter. Handelsbanken Fonder AB grew its stake in indie Semiconductor by 77.6% in the third quarter. Handelsbanken Fonder AB now owns 29,653 shares of the company’s stock worth $187,000 after purchasing an additional 12,953 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in indie Semiconductor by 7.1% in the third quarter. Commonwealth Equity Services LLC now owns 43,459 shares of the company’s stock valued at $274,000 after buying an additional 2,868 shares during the last quarter. Trellus Management Company LLC raised its stake in indie Semiconductor by 8.7% during the third quarter. Trellus Management Company LLC now owns 110,000 shares of the company’s stock valued at $693,000 after buying an additional 8,776 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in indie Semiconductor by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 456,337 shares of the company’s stock worth $2,875,000 after buying an additional 18,235 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

indie Semiconductor Trading Down 4.7 %

Shares of NASDAQ INDI opened at $5.11 on Tuesday. The company has a market cap of $936.25 million, a price-to-earnings ratio of -6.01 and a beta of 1.15. The stock’s 50 day simple moving average is $6.55 and its 200 day simple moving average is $6.66. The company has a current ratio of 1.96, a quick ratio of 1.72 and a debt-to-equity ratio of 0.33. indie Semiconductor, Inc. has a 12-month low of $4.67 and a 12-month high of $10.85.

indie Semiconductor (NASDAQ:INDI) last posted its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $70.13 million for the quarter, compared to analysts’ expectations of $72.69 million. indie Semiconductor had a negative return on equity of 15.84% and a negative net margin of 52.46%. Equities research analysts expect that indie Semiconductor, Inc. will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. KeyCorp lowered their price target on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Craig Hallum lowered their target price on shares of indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, indie Semiconductor has a consensus rating of “Buy” and a consensus target price of $13.50.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 8,700 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $6.95, for a total value of $60,465.00. Following the sale, the chief operating officer now owns 35,460 shares in the company, valued at $246,447. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Ichiro Aoki sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $6.77, for a total value of $338,500.00. Following the completion of the sale, the president now owns 31,208 shares of the company’s stock, valued at $211,278.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Wittmann sold 8,700 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.95, for a total transaction of $60,465.00. Following the transaction, the chief operating officer now directly owns 35,460 shares in the company, valued at approximately $246,447. The disclosure for this sale can be found here. Insiders sold 111,491 shares of company stock valued at $730,936 in the last ninety days. Company insiders own 9.90% of the company’s stock.

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.