Rhumbline Advisers Boosts Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Rhumbline Advisers lifted its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,090 shares of the company’s stock after buying an additional 4,156 shares during the quarter. Rhumbline Advisers owned about 0.12% of indie Semiconductor worth $968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of INDI. Virtu Financial LLC purchased a new position in indie Semiconductor during the 3rd quarter valued at about $58,000. FNY Investment Advisers LLC purchased a new position in indie Semiconductor during the fourth quarter valued at approximately $74,000. Creative Planning bought a new stake in indie Semiconductor during the 3rd quarter worth approximately $75,000. Legato Capital Management LLC lifted its stake in indie Semiconductor by 47.9% in the 4th quarter. Legato Capital Management LLC now owns 20,285 shares of the company’s stock worth $82,000 after purchasing an additional 6,570 shares in the last quarter. Finally, American Trust lifted its stake in indie Semiconductor by 28.2% in the 3rd quarter. American Trust now owns 28,976 shares of the company’s stock worth $116,000 after purchasing an additional 6,375 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 18,375 shares of indie Semiconductor stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $4.10, for a total value of $75,337.50. Following the sale, the chief operating officer now owns 28,860 shares of the company’s stock, valued at $118,326. The trade was a 38.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $3.12, for a total transaction of $156,000.00. Following the completion of the sale, the chief executive officer now owns 65,932 shares in the company, valued at $205,707.84. This represents a 43.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,512 shares of company stock valued at $469,345 in the last three months. 8.20% of the stock is currently owned by corporate insiders.

indie Semiconductor Trading Down 4.2 %

indie Semiconductor stock opened at $2.94 on Friday. indie Semiconductor, Inc. has a 12 month low of $2.43 and a 12 month high of $7.82. The company has a market capitalization of $593.63 million, a price-to-earnings ratio of -3.87 and a beta of 1.54. The business’s fifty day simple moving average is $3.95 and its two-hundred day simple moving average is $4.01. 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 (NASDAQ:INDI) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The firm had revenue of $58.01 million for the quarter, compared to the consensus estimate of $58.20 million. As a group, equities analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on INDI. UBS Group began coverage on indie Semiconductor in a research note on Friday, January 24th. They issued a “neutral” rating and a $4.50 target price on the stock. Benchmark decreased their price objective on shares of indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Roth Mkm lowered their target price on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, KeyCorp cut their price target on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, indie Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $7.50.

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.