Mutual of America Capital Management LLC Has $1.92 Million Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Mutual of America Capital Management LLC lowered its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 0.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 481,732 shares of the company’s stock after selling 4,520 shares during the quarter. Mutual of America Capital Management LLC owned about 0.24% of indie Semiconductor worth $1,922,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INDI. Sei Investments Co. raised its position in indie Semiconductor by 62.7% in the first quarter. Sei Investments Co. now owns 124,862 shares of the company’s stock valued at $884,000 after purchasing an additional 48,115 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in indie Semiconductor during the first quarter worth $1,471,000. ProShare Advisors LLC lifted its position in shares of indie Semiconductor by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 27,071 shares of the company’s stock worth $192,000 after buying an additional 2,131 shares in the last quarter. Vanguard Group Inc. increased its holdings in indie Semiconductor by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company’s stock worth $75,047,000 after acquiring an additional 332,500 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in indie Semiconductor by 14.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock worth $306,000 after buying an additional 5,394 shares during the period. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Benchmark decreased their price objective on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Roth Mkm dropped their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, indie Semiconductor has a consensus rating of “Buy” and an average price target of $9.79.

Insider Transactions at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total value of $942,000.00. Following the completion of the transaction, the chief executive officer now owns 18,351 shares in the company, valued at $86,433.21. This represents a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Thomas Schiller sold 75,000 shares of the 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 sale, the chief financial officer now owns 977,192 shares of the company’s stock, valued at $3,742,645.36. This trade represents a 7.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 278,531 shares of company stock valued at $1,242,915 over the last ninety days. Insiders own 8.20% of the company’s stock.

indie Semiconductor Trading Up 7.1 %

Shares of indie Semiconductor stock opened at $4.98 on Monday. The stock has a market cap of $1.01 billion, a PE ratio of -7.43 and a beta of 1.22. indie Semiconductor, Inc. has a 1 year low of $3.16 and a 1 year high of $8.69. The firm has a fifty day moving average price of $3.89 and a 200 day moving average price of $5.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87.

About indie Semiconductor

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.