SeaCrest Wealth Management LLC Sells 25,100 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

SeaCrest Wealth Management LLC lessened its stake in indie Semiconductor, Inc. (NASDAQ:INDIFree Report) by 64.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,050 shares of the company’s stock after selling 25,100 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in indie Semiconductor were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of INDI. Deutsche Bank AG increased its stake in shares of indie Semiconductor by 13.0% in the 3rd quarter. Deutsche Bank AG now owns 73,542 shares of the company’s stock valued at $463,000 after buying an additional 8,432 shares during the period. PNC Financial Services Group Inc. increased its position in indie Semiconductor by 20.8% in the third 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. Kennedy Capital Management LLC raised its holdings in indie Semiconductor by 39.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 677,529 shares of the company’s stock worth $4,268,000 after purchasing an additional 190,780 shares during the last quarter. Spouting Rock Asset Management LLC acquired a new position in indie Semiconductor during the 3rd quarter valued at about $89,000. Finally, Vanguard Group Inc. lifted its position in indie Semiconductor by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 9,028,012 shares of the company’s stock valued at $56,876,000 after purchasing an additional 763,140 shares during the period. 67.73% of the stock is owned by institutional investors.

indie Semiconductor Stock Performance

Shares of INDI stock opened at $6.12 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.74 and a quick ratio of 1.49. indie Semiconductor, Inc. has a 12-month low of $4.67 and a 12-month high of $9.85. The firm has a fifty day moving average of $6.43 and a 200-day moving average of $6.70.

indie Semiconductor (NASDAQ:INDIGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.13). indie Semiconductor had a negative net margin of 32.12% and a negative return on equity of 21.08%. The business had revenue of $52.35 million during the quarter, compared to analyst estimates of $56.30 million. Sell-side analysts predict that indie Semiconductor, Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity at indie Semiconductor

In other news, CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $6.74, for a total value of $337,000.00. Following the completion of the transaction, the chief executive officer now owns 83,731 shares in the company, valued at $564,346.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Ichiro Aoki sold 75,000 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $7.09, for a total transaction of $531,750.00. Following the completion of the transaction, the president now directly owns 36,631 shares in the company, valued at $259,713.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $6.74, for a total value of $337,000.00. Following the completion of the sale, the chief executive officer now owns 83,731 shares in the company, valued at approximately $564,346.94. The disclosure for this sale can be found here. In the last three months, insiders sold 401,744 shares of company stock worth $2,589,348. 8.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

INDI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of indie Semiconductor from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. KeyCorp decreased their price objective on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Finally, B. Riley reissued a “buy” rating and issued a $13.50 target price (down previously from $14.50) on shares of indie Semiconductor in a research note on Friday, May 10th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $12.64.

Check Out Our Latest Research Report on INDI

indie Semiconductor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for indie Semiconductor (NASDAQ:INDI)

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