BNP Paribas Financial Markets Acquires Shares of 22,586 indie Semiconductor, Inc. (NASDAQ:INDI)

BNP Paribas Financial Markets acquired a new stake in indie Semiconductor, Inc. (NASDAQ:INDI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,586 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI increased 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 acquiring an additional 4,023 shares during the period. ArrowMark Colorado Holdings LLC purchased a new position in shares of indie Semiconductor in the fourth quarter valued at about $55,000. Regal Investment Advisors LLC boosted its stake in shares of indie Semiconductor by 39.2% during the 4th 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. Daiwa Securities Group Inc. boosted its stake in shares of indie Semiconductor by 74.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company’s stock valued at $60,000 after purchasing an additional 6,363 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of indie Semiconductor during the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

indie Semiconductor Trading Down 6.3%

NASDAQ:INDI opened at $2.66 on Monday. indie Semiconductor, Inc. has a one year low of $1.53 and a one 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. The company’s 50-day simple moving average is $2.17 and its 200 day simple moving average is $3.30. The firm has a market capitalization of $565.29 million, a P/E ratio of -3.50 and a beta of 2.01.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($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 $54.08 million for the quarter, compared to analyst estimates of $54.94 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. indie Semiconductor’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on INDI shares. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of indie Semiconductor in a research note on Wednesday, May 21st. Craig Hallum cut their target price on shares of indie Semiconductor from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. KeyCorp cut their target price on shares of indie Semiconductor from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. Finally, B. Riley reaffirmed a “buy” rating on shares of indie Semiconductor in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.75.

Insider Buying and Selling

In other indie Semiconductor news, CEO Donald Mcclymont sold 65,754 shares of indie Semiconductor 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 transaction, the chief executive officer now directly owns 246,535 shares of the company’s stock, valued at approximately $714,951.50. The trade was a 21.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Wittmann sold 10,875 shares of indie Semiconductor 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 transaction, the chief operating officer now directly owns 77,887 shares of the company’s stock, valued at $218,862.47. This trade represents a 12.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,277 shares of company stock valued at $278,192 over the last quarter. Corporate 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.