Ethic Inc. Acquires New Position in indie Semiconductor, Inc. $INDI

Ethic Inc. bought a new position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,012 shares of the company’s stock, valued at approximately $36,000.

Several other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in shares of indie Semiconductor by 32.7% in the first quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock worth $36,000 after purchasing an additional 4,400 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in indie Semiconductor by 36.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,486 shares of the company’s stock worth $39,000 after buying an additional 5,213 shares during the period. Signaturefd LLC boosted its holdings in indie Semiconductor by 145.7% in the 2nd quarter. Signaturefd LLC now owns 11,457 shares of the company’s stock worth $41,000 after buying an additional 6,794 shares during the period. Abel Hall LLC purchased a new stake in indie Semiconductor in the 2nd quarter worth $41,000. Finally, SlateStone Wealth LLC raised 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 acquiring an additional 4,706 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INDI. Roth Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of indie Semiconductor in a research note on Wednesday, October 15th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $5.38 on Friday. The business’s 50 day moving average price is $4.57 and its 200-day moving average price is $3.71. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.05. The company has a market cap of $1.16 billion, a P/E ratio of -6.40 and a beta of 2.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.72 and a current ratio of 4.34.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, hitting 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 company had revenue of $51.63 million during the quarter, compared to analyst estimates of $51.40 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. indie Semiconductor’s quarterly revenue was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. Sell-side analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $6.01, for a total value of $1,202,000.00. Following the completion of the sale, the chief executive officer owned 135,602 shares of the company’s stock, valued at $814,968.02. This trade represents a 59.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Ichiro Aoki sold 8,877 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $4.22, for a total value of $37,460.94. Following the transaction, the president owned 82,634 shares of the company’s stock, valued at $348,715.48. This trade represents a 9.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 697,936 shares of company stock worth $3,207,331. Insiders own 5.60% 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.