Bamco Inc. NY Raises Holdings in indie Semiconductor, Inc. $INDI

Bamco Inc. NY increased its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 23.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,294,776 shares of the company’s stock after purchasing an additional 4,813,397 shares during the period. Bamco Inc. NY owned 11.90% of indie Semiconductor worth $90,049,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC raised its holdings in shares of indie Semiconductor by 9.0% in the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company’s stock worth $142,000 after acquiring an additional 3,300 shares during the last quarter. Los Angeles Capital Management LLC increased its position in indie Semiconductor by 9.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company’s stock worth $162,000 after purchasing an additional 3,898 shares in the last quarter. CWM LLC raised its stake in indie Semiconductor by 34.7% in the 2nd quarter. CWM LLC now owns 15,215 shares of the company’s stock valued at $54,000 after purchasing an additional 3,916 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in indie Semiconductor by 27.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company’s stock valued at $71,000 after purchasing an additional 4,207 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in indie Semiconductor by 32.7% in the 1st quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock valued at $36,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

indie Semiconductor Price Performance

INDI stock opened at $4.29 on Friday. The stock has a 50-day moving average price of $4.53 and a two-hundred day moving average price of $4.09. indie Semiconductor, Inc. has a 12-month low of $1.53 and a 12-month high of $6.05. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86. The company has a market cap of $942.21 million, a PE ratio of -5.72 and a beta of 2.59.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $53.68 million during the quarter, compared to analysts’ expectations of $53.98 million. indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) earnings per share. As a group, research analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, President Ichiro Aoki sold 250,000 shares of indie Semiconductor stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $3.92, for a total transaction of $980,000.00. Following the transaction, the president directly owned 82,634 shares of the company’s stock, valued at $323,925.28. The trade was a 75.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Wittmann sold 37,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $3.74, for a total transaction of $140,250.00. Following the sale, the chief operating officer owned 94,005 shares of the company’s stock, valued at approximately $351,578.70. This represents a 28.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 909,474 shares of company stock worth $3,965,086. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on INDI. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Wall Street Zen cut shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group increased their price target on indie Semiconductor from $4.50 to $5.00 and gave the stock a “hold” rating in a research note on Monday, November 10th. Finally, Roth Capital restated a “buy” rating and set a $8.00 price objective on shares of indie Semiconductor in a report on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, indie Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $6.60.

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.