Geode Capital Management LLC Has $16.19 Million Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Geode Capital Management LLC increased its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,996,194 shares of the company’s stock after buying an additional 52,127 shares during the quarter. Geode Capital Management LLC owned 1.98% of indie Semiconductor worth $16,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in INDI. Artemis Investment Management LLP raised its stake in indie Semiconductor by 482.7% during the fourth quarter. Artemis Investment Management LLP now owns 6,539,694 shares of the company’s stock worth $26,486,000 after buying an additional 5,417,296 shares during the last quarter. Elemental Capital Partners LLC bought a new position in shares of indie Semiconductor in the 4th quarter worth about $14,272,000. Vanguard Group Inc. lifted its stake in shares of indie Semiconductor by 8.1% in the 4th quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company’s stock valued at $50,970,000 after purchasing an additional 942,088 shares during the period. Primecap Management Co. CA boosted its position in shares of indie Semiconductor by 3.2% during the 4th quarter. Primecap Management Co. CA now owns 26,287,766 shares of the company’s stock valued at $106,465,000 after purchasing an additional 819,321 shares in the last quarter. Finally, Royce & Associates LP acquired a new stake in indie Semiconductor during the fourth quarter worth approximately $2,491,000. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on INDI shares. KeyCorp cut their target price on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. UBS Group initiated coverage on shares of indie Semiconductor in a research report on Friday, January 24th. They set a “neutral” rating and a $4.50 price objective on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of indie Semiconductor in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.50.

indie Semiconductor Stock Up 2.7 %

Shares of NASDAQ INDI opened at $1.91 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. The company has a 50-day moving average price of $2.57 and a 200-day moving average price of $3.61. The stock has a market capitalization of $385.66 million, a P/E ratio of -2.51 and a beta of 1.84. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year high of $7.82.

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

Insider Buying and Selling

In other news, CEO Donald Mcclymont sold 65,754 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $2.90, for a total value of $190,686.60. Following the completion of the sale, the chief executive officer now owns 246,535 shares in the company, valued at $714,951.50. This represents a 21.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Michael Wittmann sold 13,570 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $2.90, for a total transaction of $39,353.00. Following the transaction, the chief operating officer now owns 67,012 shares in the company, valued at approximately $194,334.80. This trade represents a 16.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,277 shares of company stock worth $434,192. 8.20% of the stock is owned by corporate insiders.

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.