indie Semiconductor, Inc. (NASDAQ:INDI) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,527 shares of the company’s stock after selling 13,540 shares during the period. Commonwealth Equity Services LLC’s holdings in indie Semiconductor were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of INDI. Charles Schwab Investment Management Inc. raised its stake in indie Semiconductor by 10.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,318,300 shares of the company’s stock valued at $5,260,000 after purchasing an additional 120,071 shares during the last quarter. State Street Corp grew its holdings in shares of indie Semiconductor by 2.3% during the third quarter. State Street Corp now owns 7,102,029 shares of the company’s stock worth $28,337,000 after buying an additional 161,132 shares in the last quarter. Barclays PLC grew its holdings in shares of indie Semiconductor by 330.7% during the third quarter. Barclays PLC now owns 256,799 shares of the company’s stock worth $1,026,000 after buying an additional 197,179 shares in the last quarter. Geode Capital Management LLC raised its position in shares of indie Semiconductor by 7.5% in the third quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company’s stock valued at $15,739,000 after buying an additional 276,739 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of indie Semiconductor in the third quarter worth about $58,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $3.12, for a total value of $156,000.00. Following the completion of the transaction, the chief executive officer now directly owns 65,932 shares in the company, valued at approximately $205,707.84. The trade was a 43.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Wittmann sold 10,875 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $2.81, for a total transaction of $30,558.75. Following the transaction, the chief operating officer now owns 77,887 shares in the company, valued at approximately $218,862.47. The trade was a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,277 shares of company stock valued at $434,192. Insiders own 8.20% of the company’s stock.

indie Semiconductor Stock Down 4.8 %

INDI opened at $1.90 on Friday. indie Semiconductor, Inc. has a 52 week low of $1.53 and a 52 week high of $7.82. The business has a 50 day moving average price of $2.83 and a two-hundred day moving average price of $3.69. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The company has a market cap of $383.64 million, a PE ratio of -2.50 and a beta of 1.84.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $58.20 million. indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. As a group, research analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on INDI shares. UBS Group assumed coverage on indie Semiconductor in a research note on Friday, January 24th. They set a “neutral” rating and a $4.50 price objective on the stock. KeyCorp lowered their price target on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Finally, Benchmark reissued a “buy” rating and issued a $8.00 price objective on shares of indie Semiconductor in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, indie Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

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.