indie Semiconductor, Inc. (NASDAQ:INDI) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 322.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,186 shares of the company’s stock after purchasing an additional 145,161 shares during the period. New York State Common Retirement Fund’s holdings in indie Semiconductor were worth $1,542,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of indie Semiconductor by 269.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock valued at $50,000 after buying an additional 4,470 shares during the period. Daiwa Securities Group Inc. raised its position in indie Semiconductor by 29.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,133 shares of the company’s stock valued at $90,000 after purchasing an additional 2,558 shares during the period. Spouting Rock Asset Management LLC acquired a new position in shares of indie Semiconductor in the 3rd quarter valued at $89,000. PNC Financial Services Group Inc. grew its holdings in shares of indie Semiconductor by 20.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 15,537 shares of the company’s stock worth $98,000 after purchasing an additional 2,680 shares during the period. Finally, Penbrook Management LLC acquired a new stake in shares of indie Semiconductor during the 4th quarter worth about $154,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Craig Hallum decreased their price objective on shares of indie Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. KeyCorp reduced their price objective on shares of indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $13.50.

Insider Buying and Selling

In other indie Semiconductor news, CFO Thomas Schiller sold 60,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total transaction of $340,800.00. Following the completion of the transaction, the chief financial officer now directly owns 1,039,583 shares in the company, valued at approximately $5,904,831.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $6.25, for a total value of $312,500.00. Following the completion of the sale, the chief executive officer now owns 76,750 shares of the company’s stock, valued at $479,687.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Thomas Schiller sold 60,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $5.68, for a total transaction of $340,800.00. Following the transaction, the chief financial officer now owns 1,039,583 shares in the company, valued at $5,904,831.44. The disclosure for this sale can be found here. Insiders have sold 173,323 shares of company stock worth $1,081,244 in the last three months. Corporate insiders own 9.90% of the company’s stock.

indie Semiconductor Stock Performance

Shares of INDI stock opened at $5.79 on Friday. The stock has a market capitalization of $1.06 billion, a PE ratio of -6.81 and a beta of 1.21. The stock’s 50-day moving average price is $6.27 and its 200 day moving average price is $6.67. The company has a quick ratio of 1.72, a current ratio of 1.96 and a debt-to-equity ratio of 0.33. indie Semiconductor, Inc. has a 52-week low of $4.67 and a 52-week high of $10.85.

indie Semiconductor (NASDAQ:INDI) last issued 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 during the quarter, compared to analysts’ expectations of $72.69 million. indie Semiconductor had a negative net margin of 52.46% and a negative return on equity of 15.84%. As a group, equities research analysts forecast that indie Semiconductor, Inc. will post -0.42 EPS for the current year.

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.