Two Sigma Investments LP Purchases Shares of 95,430 indie Semiconductor, Inc. (NASDAQ:INDI)

Two Sigma Investments LP bought a new position in indie Semiconductor, Inc. (NASDAQ:INDI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 95,430 shares of the company’s stock, valued at approximately $386,000.

Several other large investors also recently bought and sold shares of the business. National Bank of Canada FI lifted its position in indie Semiconductor by 42.7% during 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. ArrowMark Colorado Holdings LLC purchased a new stake in shares of indie Semiconductor in the fourth quarter valued at $55,000. Regal Investment Advisors LLC raised its stake 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 acquiring an additional 3,988 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of indie Semiconductor by 74.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company’s stock valued at $60,000 after acquiring an additional 6,363 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of indie Semiconductor in the fourth quarter valued at $62,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INDI. B. Riley reaffirmed a “buy” rating on shares of indie Semiconductor in a research note on Thursday, April 24th. KeyCorp dropped their target price on shares of indie Semiconductor from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Tuesday, May 13th. Craig Hallum dropped their target price on shares of indie Semiconductor from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Finally, Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of indie Semiconductor in a report on Wednesday, May 21st. One 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.75.

indie Semiconductor Stock Up 7.3%

NASDAQ:INDI opened at $3.25 on Wednesday. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $7.80. The stock has a market capitalization of $690.67 million, a P/E ratio of -4.28 and a beta of 2.12. 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’s 50-day simple moving average is $2.28 and its 200-day simple moving average is $3.23.

indie Semiconductor (NASDAQ:INDI) last released its quarterly 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 company’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned ($0.10) EPS. On average, equities analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Michael Wittmann sold 13,725 shares of indie Semiconductor 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 completion of the sale, the chief operating officer now directly owns 101,662 shares in the company, valued at $263,304.58. This trade represents a 11.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.