Intech Investment Management LLC Sells 17,444 Shares of indie Semiconductor, Inc. $INDI

Intech Investment Management LLC trimmed its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 14.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,281 shares of the company’s stock after selling 17,444 shares during the quarter. Intech Investment Management LLC’s holdings in indie Semiconductor were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in INDI. Nisa Investment Advisors LLC grew its stake in shares of indie Semiconductor by 356.3% during the second quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock worth $34,000 after buying an additional 7,536 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of indie Semiconductor by 32.7% during the 1st quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock valued at $36,000 after acquiring an additional 4,400 shares in the last quarter. Ethic Inc. bought a new stake in indie Semiconductor during the 2nd quarter worth $36,000. Hsbc Holdings PLC raised 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 purchasing an additional 5,213 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in indie Semiconductor by 145.7% in the 2nd quarter. Signaturefd LLC now owns 11,457 shares of the company’s stock valued at $41,000 after buying an additional 6,794 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on INDI shares. UBS Group increased their price objective on indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a report on Monday, November 10th. Roth Capital reissued a “buy” rating and issued a $8.00 price target on shares of indie Semiconductor in a research note on Wednesday, October 15th. Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, indie Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $6.60.

Insider Buying and Selling

In other indie Semiconductor news, President Ichiro Aoki sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $3.44, for a total transaction of $86,000.00. Following the completion of the sale, the president directly owned 82,634 shares of the company’s stock, valued at approximately $284,260.96. The trade was a 23.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Donald Mcclymont sold 200,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 135,602 shares in the company, valued at $814,968.02. This represents a 59.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,135,293 shares of company stock worth $4,886,489 in the last quarter. Insiders own 5.60% of the company’s stock.

indie Semiconductor Trading Up 2.0%

INDI opened at $3.56 on Monday. The company has a fifty day moving average price of $4.48 and a two-hundred day moving average price of $3.99. The company has a market cap of $781.88 million, a P/E ratio of -4.75 and a beta of 2.60. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86. indie Semiconductor, Inc. has a 1-year low of $1.53 and a 1-year high of $6.05.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). indie Semiconductor had a negative net margin of 66.84% and a negative return on equity of 28.84%. The firm had revenue of $53.68 million for the quarter, compared to the consensus estimate of $53.98 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The company’s revenue was down .6% compared to the same quarter last year. indie Semiconductor has set its Q4 2025 guidance at EPS. Analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

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.