Principal Financial Group Inc. Has $143,000 Position in indie Semiconductor, Inc. (NASDAQ:INDI)

Principal Financial Group Inc. raised its holdings in indie Semiconductor, Inc. (NASDAQ:INDIFree Report) by 15.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,162 shares of the company’s stock after acquiring an additional 2,674 shares during the quarter. Principal Financial Group Inc.’s holdings in indie Semiconductor were worth $143,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in shares of indie Semiconductor by 269.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock valued at $50,000 after purchasing an additional 4,470 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of indie Semiconductor in the first quarter worth about $53,000. Newbridge Financial Services Group Inc. lifted its position in shares of indie Semiconductor by 40.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after buying an additional 2,000 shares during the last quarter. Psagot Value Holdings Ltd. Israel boosted its stake in shares of indie Semiconductor by 24.2% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock worth $69,000 after acquiring an additional 1,610 shares in the last quarter. Finally, Olympiad Research LP acquired a new position in shares of indie Semiconductor during the 4th quarter valued at about $82,000. 67.73% of the stock is owned by institutional investors.

indie Semiconductor Stock Up 1.3 %

Shares of indie Semiconductor stock opened at $6.37 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.74 and a quick ratio of 1.49. The firm has a fifty day moving average price of $6.46 and a two-hundred day moving average price of $6.65. indie Semiconductor, Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $9.85.

indie Semiconductor (NASDAQ:INDIGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $52.35 million during the quarter, compared to the consensus estimate of $56.30 million. Equities analysts anticipate that indie Semiconductor, Inc. will post -0.62 EPS for the current year.

Insider Transactions at indie Semiconductor

In related news, Director Sonalee Elizabeth Parekh sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $7.58, for a total value of $75,800.00. Following the completion of the transaction, the director now directly owns 75,185 shares of the company’s stock, valued at $569,902.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $6.74, for a total value of $337,000.00. Following the sale, the chief executive officer now directly owns 83,731 shares in the company, valued at approximately $564,346.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sonalee Elizabeth Parekh sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $7.58, for a total value of $75,800.00. Following the transaction, the director now owns 75,185 shares of the company’s stock, valued at approximately $569,902.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 401,744 shares of company stock valued at $2,589,348. 8.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on indie Semiconductor

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.

Further Reading

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

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