Price T Rowe Associates Inc. MD Has $255,000 Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Price T Rowe Associates Inc. MD lifted its holdings in indie Semiconductor, Inc. (NASDAQ:INDI) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,859 shares of the company’s stock after purchasing an additional 8,955 shares during the period. Price T Rowe Associates Inc. MD’s holdings in indie Semiconductor were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Elemental Capital Partners LLC acquired a new position in indie Semiconductor during the 4th quarter worth $14,272,000. Barclays PLC lifted its position in indie Semiconductor by 12.4% during the 4th quarter. Barclays PLC now owns 288,715 shares of the company’s stock worth $1,169,000 after acquiring an additional 31,916 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in indie Semiconductor by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,431,093 shares of the company’s stock worth $5,796,000 after acquiring an additional 112,793 shares during the last quarter. Vanguard Group Inc. lifted its position in indie Semiconductor by 8.1% during the 4th quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company’s stock worth $50,970,000 after acquiring an additional 942,088 shares during the last quarter. Finally, Register Financial Advisors LLC lifted its position in indie Semiconductor by 60.4% during the 4th quarter. Register Financial Advisors LLC now owns 337,028 shares of the company’s stock worth $1,365,000 after acquiring an additional 126,888 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

indie Semiconductor Stock Performance

NASDAQ:INDI opened at $2.70 on Friday. The firm’s 50-day moving average is $2.12 and its 200-day moving average is $3.41. indie Semiconductor, Inc. has a 52-week low of $1.53 and a 52-week high of $7.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. The company has a market cap of $562.93 million, a price-to-earnings ratio of -3.55 and a beta of 2.01.

indie Semiconductor (NASDAQ:INDI) last posted its earnings results on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $54.08 million for the quarter, compared to analysts’ expectations of $54.94 million. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Equities research analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on INDI. Craig Hallum cut their target price on shares of indie Semiconductor from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday. Benchmark cut their target price on shares of indie Semiconductor from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday. B. Riley restated a “buy” rating on shares of indie Semiconductor in a report on Thursday, April 24th. UBS Group started coverage on shares of indie Semiconductor in a report on Friday, January 24th. They set a “neutral” rating and a $4.50 price objective on the stock. Finally, KeyCorp dropped their price objective on shares of indie Semiconductor from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.75.

Insider Activity at indie Semiconductor

In related news, COO Michael Wittmann sold 10,875 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $2.81, for a total value of $30,558.75. Following the sale, the chief operating officer now owns 77,887 shares of the company’s stock, valued at $218,862.47. The trade was a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Donald Mcclymont sold 65,754 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $190,686.60. Following the completion of the sale, the chief executive officer now directly owns 246,535 shares in the company, valued at approximately $714,951.50. The trade was a 21.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,277 shares of company stock valued at $434,192 over the last quarter. 8.20% of the stock is owned by company 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.