Ballentine Partners LLC Buys New Holdings in indie Semiconductor, Inc. $INDI

Ballentine Partners LLC bought a new stake in indie Semiconductor, Inc. (NASDAQ:INDI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,390 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds have also bought and sold shares of the company. National Bank of Canada FI boosted its position in indie Semiconductor by 32.7% in the first quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock valued at $36,000 after buying an additional 4,400 shares in the last quarter. SlateStone Wealth LLC boosted its position in indie Semiconductor by 27.1% in 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 in the last quarter. Hsbc Holdings PLC boosted its position in indie Semiconductor by 36.5% in the first quarter. Hsbc Holdings PLC now owns 19,486 shares of the company’s stock valued at $39,000 after buying an additional 5,213 shares in the last quarter. Bank of New York Mellon Corp boosted its position in indie Semiconductor by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 498,931 shares of the company’s stock valued at $1,015,000 after buying an additional 5,322 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in indie Semiconductor by 10.2% in the fourth quarter. California State Teachers Retirement System now owns 166,731 shares of the company’s stock valued at $675,000 after buying an additional 15,378 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

indie Semiconductor Price Performance

Shares of NASDAQ INDI opened at $4.07 on Wednesday. The firm’s 50-day moving average price is $4.15 and its 200-day moving average price is $3.22. indie Semiconductor, Inc. has a 1-year low of $1.53 and a 1-year high of $5.57. The firm has a market capitalization of $879.81 million, a P/E ratio of -4.85 and a beta of 2.31. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81.

indie Semiconductor (NASDAQ:INDI) last announced 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). indie Semiconductor had a negative net margin of 71.98% and a negative return on equity of 28.43%. The firm had revenue of $51.63 million for the quarter, compared to analyst estimates of $51.40 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. Equities research 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, CEO Donald Mcclymont sold 188,700 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $4.01, for a total value of $756,687.00. Following the sale, the chief executive officer owned 135,602 shares in the company, valued at $543,764.02. This represents a 58.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael Wittmann sold 20,908 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $3.95, for a total transaction of $82,586.60. Following the completion of the sale, the chief operating officer owned 94,005 shares in the company, valued at $371,319.75. This represents a 18.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 497,936 shares of company stock worth $2,005,331 in the last quarter. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. 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 report 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.com, indie Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

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.