Barclays PLC Buys 197,179 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

Barclays PLC grew its stake in indie Semiconductor, Inc. (NASDAQ:INDI) by 330.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,799 shares of the company’s stock after acquiring an additional 197,179 shares during the quarter. Barclays PLC owned about 0.13% of indie Semiconductor worth $1,026,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in indie Semiconductor by 25.2% during the second quarter. Rhumbline Advisers now owns 242,841 shares of the company’s stock valued at $1,498,000 after purchasing an additional 48,876 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of indie Semiconductor by 16.1% in the 2nd quarter. Arizona State Retirement System now owns 43,756 shares of the company’s stock valued at $270,000 after buying an additional 6,075 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of indie Semiconductor by 61.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,127,024 shares of the company’s stock worth $6,954,000 after buying an additional 427,372 shares during the last quarter. Primecap Management Co. CA grew its position in shares of indie Semiconductor by 93.5% in the 2nd quarter. Primecap Management Co. CA now owns 15,779,119 shares of the company’s stock worth $97,357,000 after buying an additional 7,624,797 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of indie Semiconductor by 14.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 486,252 shares of the company’s stock worth $3,000,000 after acquiring an additional 62,770 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on INDI shares. Benchmark cut their price target on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Roth Mkm dropped their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $8.92.

Insider Buying and Selling

In related news, CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $4.31, for a total value of $215,500.00. Following the sale, the chief executive officer now owns 18,351 shares in the company, valued at $79,092.81. This represents a 73.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Wittmann sold 18,375 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50. Following the transaction, the chief operating officer now directly owns 28,860 shares of the company’s stock, valued at $118,326. This represents a 38.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,593 shares of company stock worth $1,272,291 in the last 90 days. Insiders own 8.20% of the company’s stock.

indie Semiconductor Trading Down 2.3 %

NASDAQ INDI opened at $3.90 on Wednesday. The stock has a market cap of $787.47 million, a P/E ratio of -5.82 and a beta of 1.41. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 12-month low of $3.16 and a 12-month high of $7.82. The company has a fifty day simple moving average of $4.42 and a two-hundred day simple moving average of $4.48.

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.