Tempus Wealth Planning LLC Invests $121,000 in indie Semiconductor, Inc. (NASDAQ:INDI)

Tempus Wealth Planning LLC bought a new position in indie Semiconductor, Inc. (NASDAQ:INDI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,115 shares of the company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in indie Semiconductor by 269.3% during the fourth 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 during the last quarter. Financial Management Professionals Inc. acquired a new stake in indie Semiconductor during the first quarter valued at $53,000. Newbridge Financial Services Group Inc. boosted its position in indie Semiconductor by 40.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $56,000 after purchasing an additional 2,000 shares during the last quarter. Psagot Value Holdings Ltd. Israel boosted its position in indie Semiconductor by 24.2% during the fourth 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 during the last quarter. Finally, Olympiad Research LP acquired a new stake in indie Semiconductor during the fourth quarter valued at $82,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

indie Semiconductor Price Performance

INDI stock opened at $6.12 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.74 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $6.43 and its 200 day simple moving average is $6.70. The company has a market cap of $1.14 billion, a PE ratio of -12.49 and a beta of 1.22. indie Semiconductor, Inc. has a twelve month low of $4.67 and a twelve month high of $9.85.

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

Insider Transactions at indie Semiconductor

In other news, CFO Thomas Schiller sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $5.68, for a total value of $340,800.00. Following the transaction, the chief financial officer now directly owns 1,039,583 shares of the company’s stock, valued at approximately $5,904,831.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Thomas Schiller sold 60,000 shares of the business’s stock in a transaction that occurred on 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 owns 1,039,583 shares in the company, valued at approximately $5,904,831.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction that occurred on 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 approximately $564,346.94. The disclosure for this sale can be found here. Insiders have sold 401,744 shares of company stock valued at $2,589,348 in the last three months. 8.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on INDI shares. KeyCorp reduced their price objective on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft cut their target price on indie Semiconductor from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, B. Riley restated a “buy” rating and set a $13.50 target price (down from $14.50) on shares of indie Semiconductor in a report on Friday, May 10th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $12.64.

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.