Charles Schwab Investment Management Inc. Has $2.79 Million Stock Position in indie Semiconductor, Inc. $INDI

Charles Schwab Investment Management Inc. reduced its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,371,117 shares of the company’s stock after selling 59,976 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.66% of indie Semiconductor worth $2,790,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INDI. Primecap Management Co. CA grew its stake in shares of indie Semiconductor by 8.9% in the first quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company’s stock worth $58,249,000 after purchasing an additional 2,335,620 shares during the last quarter. Vanguard Group Inc. raised its position in shares of indie Semiconductor by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 12,805,999 shares of the company’s stock valued at $26,060,000 after buying an additional 220,737 shares in the last quarter. Bank of Nova Scotia raised its position in indie Semiconductor by 612.9% in the 1st quarter. Bank of Nova Scotia now owns 1,324,256 shares of the company’s stock worth $2,695,000 after purchasing an additional 1,138,498 shares during the period. Malaga Cove Capital LLC bought a new position in indie Semiconductor in the first quarter worth approximately $820,000. Finally, SlateStone Wealth LLC increased its holdings in indie Semiconductor by 27.1% during the first quarter. SlateStone Wealth LLC now owns 22,100 shares of the company’s stock valued at $45,000 after buying an additional 4,706 shares during the period. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on INDI. Craig Hallum cut their price objective on shares of indie Semiconductor from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. 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 research report on Tuesday, May 13th. Finally, Benchmark restated a “buy” rating and issued a $8.00 target price (up previously from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.90.

indie Semiconductor Stock Performance

NASDAQ:INDI opened at $4.53 on Friday. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81. The firm has a market cap of $979.25 million, a price-to-earnings ratio of -5.39 and a beta of 2.23. The company has a 50-day moving average of $4.09 and a 200-day moving average of $3.09. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $5.57.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $51.63 million for the quarter, compared to analyst estimates of $51.40 million. indie Semiconductor had a negative net margin of 71.98% and a negative return on equity of 28.43%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) earnings per share. indie Semiconductor has set its Q3 2025 guidance at EPS. Analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Activity at indie Semiconductor

In other news, COO Michael Wittmann sold 13,725 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $2.59, for a total transaction of $35,547.75. Following the sale, the chief operating officer directly owned 101,662 shares of the company’s stock, valued at approximately $263,304.58. This represents a 11.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $3.42, for a total value of $40,496.22. Following the completion of the sale, the director directly owned 119,857 shares in the company, valued at $409,910.94. This trade represents a 8.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,823 shares of company stock valued at $128,088 over the last quarter. 5.60% of the stock is owned by 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.