Jane Street Group LLC Acquires 82,449 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

Jane Street Group LLC increased its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 48.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 253,806 shares of the company’s stock after purchasing an additional 82,449 shares during the period. Jane Street Group LLC owned 0.13% of indie Semiconductor worth $1,028,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Regal Investment Advisors LLC grew its position in shares of indie Semiconductor by 39.2% in 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 during the last quarter. National Bank of Canada FI grew its position in shares of indie Semiconductor by 42.7% in the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company’s stock valued at $54,000 after purchasing an additional 4,023 shares during the last quarter. Rhumbline Advisers grew its position in shares of indie Semiconductor by 1.8% in the fourth quarter. Rhumbline Advisers now owns 239,090 shares of the company’s stock valued at $968,000 after purchasing an additional 4,156 shares during the last quarter. Invesco Ltd. grew its position in shares of indie Semiconductor by 5.5% in the fourth quarter. Invesco Ltd. now owns 93,328 shares of the company’s stock valued at $378,000 after purchasing an additional 4,879 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of indie Semiconductor by 13.0% in the fourth quarter. Arizona State Retirement System now owns 51,961 shares of the company’s stock valued at $210,000 after purchasing an additional 5,960 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on INDI. Craig Hallum decreased their target price on indie Semiconductor from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of indie Semiconductor in a research report on Wednesday. B. Riley reiterated a “buy” rating on shares of indie Semiconductor in a research note on Thursday, April 24th. KeyCorp cut their price target 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. Finally, UBS Group began coverage on indie Semiconductor in a research note on Friday, January 24th. They issued a “neutral” rating and a $4.50 price target for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.75.

indie Semiconductor Trading Up 4.3%

Shares of INDI stock opened at $2.42 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The stock has a market cap of $514.28 million, a P/E ratio of -3.18 and a beta of 2.01. The stock has a 50 day simple moving average of $2.12 and a 200 day simple moving average of $3.39. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year high of $7.82.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 period in the previous year, the company posted ($0.10) earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other indie Semiconductor news, COO Michael Wittmann sold 10,875 shares of the company’s stock in a transaction on 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 directly owns 77,887 shares in the company, valued at $218,862.47. This represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald Mcclymont sold 65,754 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $2.90, for a total value of $190,686.60. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,277 shares of company stock worth $434,192 over the last three months. Insiders own 8.20% of the company’s stock.

indie Semiconductor 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.