MetLife Investment Management LLC Increases Stock Position in indie Semiconductor, Inc. (NASDAQ:INDI)

MetLife Investment Management LLC grew its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,368 shares of the company’s stock after purchasing an additional 9,097 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of indie Semiconductor worth $411,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. MYDA Advisors LLC grew its holdings in indie Semiconductor by 71.1% during the 4th quarter. MYDA Advisors LLC now owns 650,000 shares of the company’s stock valued at $2,632,000 after buying an additional 270,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of indie Semiconductor by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,549,781 shares of the company’s stock valued at $10,327,000 after purchasing an additional 423,108 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of indie Semiconductor by 39.4% in the fourth quarter. First Trust Advisors LP now owns 39,582 shares of the company’s stock valued at $160,000 after purchasing an additional 11,181 shares in the last quarter. 1492 Capital Management LLC bought a new stake in indie Semiconductor in the fourth quarter worth $938,000. Finally, Regal Investment Advisors LLC raised its stake in indie Semiconductor by 39.2% during the fourth quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company’s stock valued at $57,000 after purchasing an additional 3,988 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

indie Semiconductor Stock Up 3.0 %

Shares of NASDAQ:INDI opened at $2.07 on Wednesday. The firm has a market capitalization of $431.58 million, a PE ratio of -2.72 and a beta of 2.01. The business has a 50 day simple moving average of $2.17 and a two-hundred day simple moving average of $3.47. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year high of $7.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data 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). indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The business had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $58.20 million. On average, equities analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INDI. KeyCorp reduced their target price on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. B. Riley reissued a “buy” rating on shares of indie Semiconductor in a research note on Thursday, April 24th. UBS Group initiated coverage on 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 reiterated a “buy” rating and issued a $8.00 target price on shares of indie Semiconductor in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, indie Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Insider Activity at indie Semiconductor

In other news, COO Michael Wittmann sold 10,875 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $2.81, for a total transaction of $30,558.75. Following the transaction, the chief operating officer now directly owns 77,887 shares of the company’s stock, valued at approximately $218,862.47. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Donald Mcclymont sold 65,754 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $714,951.50. The trade was a 21.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,277 shares of company stock worth $434,192 in the last 90 days. 8.20% of the stock is owned by corporate insiders.

About indie Semiconductor

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.