indie Semiconductor, Inc. (NASDAQ:INDI) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in indie Semiconductor, Inc. (NASDAQ:INDI) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,431,093 shares of the company’s stock after buying an additional 112,793 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.71% of indie Semiconductor worth $5,796,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in INDI. Advisors Asset Management Inc. lifted its stake in indie Semiconductor by 115.4% in the third quarter. Advisors Asset Management Inc. now owns 60,392 shares of the company’s stock worth $241,000 after acquiring an additional 32,353 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of indie Semiconductor in the 3rd quarter valued at $143,000. Truvestments Capital LLC lifted its position in shares of indie Semiconductor by 15.6% during the 3rd quarter. Truvestments Capital LLC now owns 56,456 shares of the company’s stock worth $225,000 after purchasing an additional 7,601 shares during the last quarter. 272 Capital LP acquired a new position in shares of indie Semiconductor during the third quarter worth $174,000. Finally, Bamco Inc. NY increased its holdings in indie Semiconductor by 0.6% in the third quarter. Bamco Inc. NY now owns 15,240,606 shares of the company’s stock valued at $60,810,000 after buying an additional 89,181 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 10,875 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $2.81, for a total value of $30,558.75. Following the completion of the sale, the chief operating officer now owns 77,887 shares of the company’s stock, valued at approximately $218,862.47. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 sale, the chief executive officer now owns 65,932 shares in the company, valued at $205,707.84. The trade was a 43.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,414 shares of company stock worth $456,699. Company insiders own 8.20% of the company’s stock.

indie Semiconductor Stock Performance

Shares of INDI stock opened at $2.35 on Tuesday. The stock’s 50-day moving average price is $3.51 and its 200 day moving average price is $3.87. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $474.50 million, a PE ratio of -3.09 and a beta of 1.54. indie Semiconductor, Inc. has a 52-week low of $2.12 and a 52-week high of $7.82.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. The company had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $58.20 million. As a group, equities research analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

INDI has been the subject of a number of recent analyst reports. KeyCorp decreased their price target on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Friday, February 21st. UBS Group initiated coverage on indie Semiconductor in a research note on Friday, January 24th. They set a “neutral” rating and a $4.50 target price for the company. Finally, Benchmark cut their price target on shares of indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, indie Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

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.