indie Semiconductor, Inc. (NASDAQ:INDI) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 24.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 643,273 shares of the company’s stock after acquiring an additional 125,158 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.34% of indie Semiconductor worth $3,969,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bamco Inc. NY boosted its position in indie Semiconductor by 28.0% during the 1st quarter. Bamco Inc. NY now owns 14,285,896 shares of the company’s stock worth $101,144,000 after acquiring an additional 3,121,255 shares during the period. Granahan Investment Management LLC grew its position in indie Semiconductor by 63.3% in the 4th quarter. Granahan Investment Management LLC now owns 13,194,588 shares of the company’s stock valued at $107,008,000 after buying an additional 5,115,393 shares in the last quarter. Vanguard Group Inc. grew its position in indie Semiconductor by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company’s stock valued at $75,047,000 after buying an additional 332,500 shares in the last quarter. Primecap Management Co. CA increased its stake in indie Semiconductor by 20.7% during the 4th quarter. Primecap Management Co. CA now owns 5,060,480 shares of the company’s stock valued at $41,040,000 after buying an additional 867,180 shares during the period. Finally, Frontier Capital Management Co. LLC raised its position in shares of indie Semiconductor by 40.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,138,449 shares of the company’s stock worth $25,453,000 after buying an additional 902,530 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In related news, CFO Thomas Schiller sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total transaction of $287,250.00. Following the transaction, the chief financial officer now directly owns 977,192 shares of the company’s stock, valued at $3,742,645.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other indie Semiconductor news, CFO Thomas Schiller sold 75,000 shares of indie Semiconductor stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total transaction of $287,250.00. Following the transaction, the chief financial officer now owns 977,192 shares of the company’s stock, valued at approximately $3,742,645.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Ichiro Aoki sold 50,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $6.14, for a total transaction of $307,000.00. Following the completion of the sale, the president now directly owns 36,631 shares of the company’s stock, valued at $224,914.34. The disclosure for this sale can be found here. Insiders sold 281,882 shares of company stock worth $1,585,570 over the last quarter. Corporate insiders own 8.20% of the company’s stock.

indie Semiconductor Price Performance

Shares of NASDAQ INDI opened at $3.91 on Friday. The business has a fifty day simple moving average of $4.96 and a 200-day simple moving average of $5.90. indie Semiconductor, Inc. has a 12 month low of $3.16 and a 12 month high of $8.69. The company has a quick ratio of 2.20, a current ratio of 2.66 and a debt-to-equity ratio of 0.31.

indie Semiconductor (NASDAQ:INDI) last announced its earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). indie Semiconductor had a negative net margin of 34.65% and a negative return on equity of 22.48%. The company had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $53.61 million. During the same period last year, the company posted ($0.11) earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts predict that indie Semiconductor, Inc. will post -0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Benchmark reiterated a “buy” rating and set a $12.00 price objective on shares of indie Semiconductor in a research note on Tuesday, September 10th. Roth Mkm dropped their price objective on indie Semiconductor from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, indie Semiconductor presently has a consensus rating of “Buy” and an average price target of $10.50.

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.