UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in indie Semiconductor, Inc. (NASDAQ:INDI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 263,954 shares of the company’s stock after purchasing an additional 32,979 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of indie Semiconductor worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI grew its position in indie Semiconductor by 42.7% during the 4th 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. ArrowMark Colorado Holdings LLC purchased a new stake in indie Semiconductor during the 4th quarter valued at about $55,000. Regal Investment Advisors LLC grew its position in 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 during the last quarter. Daiwa Securities Group Inc. grew its position in 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 during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in indie Semiconductor during the 4th quarter valued at about $62,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at indie Semiconductor

In other news, COO Michael Wittmann sold 13,725 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $2.59, for a total value of $35,547.75. Following the transaction, the chief operating officer now owns 101,662 shares in the company, valued at $263,304.58. This represents a 11.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.20% of the company’s stock.

indie Semiconductor Price Performance

INDI opened at $3.03 on Tuesday. The company’s 50-day simple moving average is $2.25 and its two-hundred day simple moving average is $3.23. indie Semiconductor, Inc. has a 52-week low of $1.53 and a 52-week high of $7.80. 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 stock has a market capitalization of $643.92 million, a P/E ratio of -3.99 and a beta of 2.12.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.08) earnings per share 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 firm had revenue of $54.08 million for the quarter, compared to analysts’ expectations of $54.94 million. During the same quarter in the prior year, the business earned ($0.10) EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INDI. B. Riley restated a “buy” rating on shares of indie Semiconductor in a research note on Thursday, April 24th. Benchmark restated a “buy” rating and set a $6.00 target price on shares of indie Semiconductor in a research note on Wednesday, May 21st. KeyCorp lowered 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, Craig Hallum lowered 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.75.

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.