B. Riley Wealth Advisors Inc. Makes New $151,000 Investment in indie Semiconductor, Inc. (NASDAQ:INDI)

B. Riley Wealth Advisors Inc. purchased a new position in indie Semiconductor, Inc. (NASDAQ:INDI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,600 shares of the company’s stock, valued at approximately $151,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in shares of indie Semiconductor by 269.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock valued at $50,000 after purchasing an additional 4,470 shares in the last quarter. Psagot Value Holdings Ltd. Israel boosted its stake in shares of indie Semiconductor by 24.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock valued at $69,000 after purchasing an additional 1,610 shares in the last quarter. Olympiad Research LP purchased a new stake in shares of indie Semiconductor in the 4th quarter valued at $82,000. Spouting Rock Asset Management LLC purchased a new stake in shares of indie Semiconductor in the 3rd quarter valued at $89,000. Finally, Daiwa Securities Group Inc. raised its holdings in indie Semiconductor by 29.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,133 shares of the company’s stock valued at $90,000 after buying an additional 2,558 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, CFO Thomas Schiller sold 60,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total value of $340,800.00. Following the completion of the transaction, the chief financial officer now directly owns 1,039,583 shares in the company, valued at approximately $5,904,831.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Thomas Schiller sold 60,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total value of $340,800.00. Following the completion of the transaction, the chief financial officer now directly owns 1,039,583 shares in the company, valued at approximately $5,904,831.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $6.74, for a total transaction of $337,000.00. Following the completion of the transaction, the chief executive officer now owns 83,731 shares of the company’s stock, valued at $564,346.94. The disclosure for this sale can be found here. Insiders sold a total of 400,015 shares of company stock worth $2,578,749 in the last three months. 8.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. KeyCorp lowered their price target on shares of indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, May 10th. B. Riley reiterated a “buy” rating and set a $13.50 price target (down from $14.50) on shares of indie Semiconductor in a report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of indie Semiconductor from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 10th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, indie Semiconductor currently has an average rating of “Buy” and an average price target of $12.64.

indie Semiconductor Stock Down 0.3 %

Shares of NASDAQ INDI opened at $6.17 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. indie Semiconductor, Inc. has a 12 month low of $4.67 and a 12 month high of $9.85. The firm has a market capitalization of $1.15 billion, a PE ratio of -12.59 and a beta of 1.24. The firm has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $6.75.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.13). indie Semiconductor had a negative return on equity of 21.08% and a negative net margin of 32.12%. The company had revenue of $52.35 million during the quarter, compared to the consensus estimate of $56.30 million. Equities analysts expect that indie Semiconductor, Inc. will post -0.62 earnings per share for the current year.

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.