Northern Trust Corp Has $6.22 Million Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Northern Trust Corp lifted its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 8.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,535,552 shares of the company’s stock after buying an additional 118,642 shares during the quarter. Northern Trust Corp owned about 0.76% of indie Semiconductor worth $6,219,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in INDI. Elemental Capital Partners LLC acquired a new position in indie Semiconductor during the fourth quarter worth about $14,272,000. Barclays PLC boosted its holdings in shares of 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 buying an additional 31,916 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of indie Semiconductor by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,431,093 shares of the company’s stock worth $5,796,000 after purchasing an additional 112,793 shares during the period. Vanguard Group Inc. raised its position in shares of indie Semiconductor by 8.1% during the fourth quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company’s stock worth $50,970,000 after purchasing an additional 942,088 shares during the period. Finally, Register Financial Advisors LLC raised its position in indie Semiconductor by 60.4% in the 4th quarter. Register Financial Advisors LLC now owns 337,028 shares of the company’s stock valued at $1,365,000 after buying an additional 126,888 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 10,875 shares of the business’s 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 completion of the sale, the chief operating officer now owns 77,887 shares of the company’s stock, valued at approximately $218,862.47. The trade was a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $205,707.84. This trade represents a 43.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,277 shares of company stock worth $434,192 over the last quarter. 8.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on INDI. KeyCorp reduced their price objective on indie Semiconductor from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Benchmark cut their target price on indie Semiconductor from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Craig Hallum lowered their price target on indie Semiconductor from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. B. Riley reissued a “buy” rating on shares of indie Semiconductor in a report on Thursday, April 24th. Finally, UBS Group started coverage on indie Semiconductor in a research note on Friday, January 24th. They issued a “neutral” rating and a $4.50 price target on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.75.

indie Semiconductor Trading Down 2.2%

NASDAQ INDI opened at $2.64 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $7.82. The firm has a market capitalization of $550.42 million, a PE ratio of -3.47 and a beta of 2.01. The stock’s 50 day moving average is $2.12 and its 200 day moving average is $3.41.

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

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.