965,751 Shares in indie Semiconductor, Inc. $INDI Purchased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC purchased a new stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 965,751 shares of the company’s stock, valued at approximately $3,931,000. ArrowMark Colorado Holdings LLC owned 0.44% of indie Semiconductor as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC raised its position in 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 period. Los Angeles Capital Management LLC grew its position in shares of indie Semiconductor by 9.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company’s stock valued at $162,000 after acquiring an additional 3,898 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of indie Semiconductor by 32.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock worth $66,000 after purchasing an additional 3,921 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of indie Semiconductor by 27.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company’s stock worth $71,000 after purchasing an additional 4,207 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of indie Semiconductor by 33.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,136 shares of the company’s stock worth $68,000 after purchasing an additional 4,763 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, President Ichiro Aoki sold 7,188 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $3.67, for a total transaction of $26,379.96. Following the sale, the president owned 94,725 shares of the company’s stock, valued at approximately $347,640.75. This represents a 7.05% 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 90,644 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $3.56, for a total value of $322,692.64. Following the completion of the transaction, the chief executive officer owned 282,393 shares of the company’s stock, valued at approximately $1,005,319.08. This represents a 24.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 293,420 shares of company stock valued at $1,037,529 over the last three months. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INDI. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a report on Thursday, January 22nd. UBS Group set a $4.25 target price on indie Semiconductor in a research note on Sunday, February 22nd. Finally, Wall Street Zen cut indie Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Five 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.45.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $2.48 on Monday. The firm has a market cap of $544.68 million, a P/E ratio of -3.40 and a beta of 2.55. The company has a quick ratio of 3.10, a current ratio of 3.73 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $3.71 and its 200-day moving average is $4.07. indie Semiconductor, Inc. has a 12-month low of $1.53 and a 12-month high of $6.05.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. The company had revenue of $58.01 million during the quarter, compared to the consensus estimate of $57.11 million. During the same period last year, the firm earned ($0.07) EPS. indie Semiconductor’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

About indie Semiconductor

indie Semiconductor, Inc is a fabless semiconductor company headquartered in San Jose, California, that specializes in advanced chip solutions for the automotive industry. The company designs and develops microcontrollers, sensor processing units, application processors and power management integrated circuits tailored for electric vehicles (EVs), advanced driver assistance systems (ADAS), infotainment and digital clusters. indie’s product portfolio aims to deliver high performance, energy efficiency and functional safety to meet stringent automotive requirements.

Originally formed as Integrated Memory Systems in 2021 through a business combination with a special purpose acquisition company, the firm rebranded to indie Semiconductor in early 2022.