1,021,062 Shares in indie Semiconductor, Inc. (NASDAQ:INDI) Bought by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new position in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,021,062 shares of the company's stock, valued at approximately $4,135,000. Aristeia Capital L.L.C. owned approximately 0.51% of indie Semiconductor at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of INDI. Regal Investment Advisors LLC boosted its stake in shares of indie Semiconductor by 39.2% during the 4th quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock worth $57,000 after purchasing an additional 3,988 shares during the period. National Bank of Canada FI boosted its position in indie Semiconductor by 42.7% during the 4th quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock valued at $54,000 after acquiring an additional 4,023 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of indie Semiconductor by 1.8% in the 4th quarter. Rhumbline Advisers now owns 239,090 shares of the company's stock valued at $968,000 after buying an additional 4,156 shares in the last quarter. Invesco Ltd. increased its position in shares of indie Semiconductor by 5.5% during the fourth quarter. Invesco Ltd. now owns 93,328 shares of the company's stock worth $378,000 after purchasing an additional 4,879 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in indie Semiconductor by 13.0% in the fourth quarter. Arizona State Retirement System now owns 51,961 shares of the company's stock valued at $210,000 after buying an additional 5,960 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on INDI. Benchmark reaffirmed a "buy" rating and issued a $8.00 price target on shares of indie Semiconductor in a report on Wednesday, April 9th. UBS Group assumed coverage on shares of indie Semiconductor in a research note on Friday, January 24th. They set a "neutral" rating and a $4.50 target price on the stock. B. Riley restated a "buy" rating on shares of indie Semiconductor in a report on Thursday, April 24th. Finally, KeyCorp lowered their target price on indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.50.

indie Semiconductor Stock Up 8.9 %

INDI traded up $0.19 during trading hours on Thursday, reaching $2.33. 1,733,515 shares of the stock traded hands, compared to its average volume of 3,690,263. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $7.82. The firm's fifty day simple moving average is $2.15 and its two-hundred day simple moving average is $3.46. The company has a market cap of $485.79 million, a price-to-earnings ratio of -3.07 and a beta of 2.01.

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

Insiders Place Their Bets

In other news, CEO Donald Mcclymont sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $3.12, for a total value of $156,000.00. Following the sale, the chief executive officer now directly owns 65,932 shares in the company, valued at approximately $205,707.84. This represents a 43.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Michael Wittmann sold 10,875 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $2.81, for a total transaction of $30,558.75. Following the sale, the chief operating officer now owns 77,887 shares of the company's stock, valued at $218,862.47. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,277 shares of company stock worth $434,192. 8.20% of the stock is owned by insiders.

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.