Bamco Inc. NY Has $80.60 Million Stake in indie Semiconductor, Inc. (NASDAQ:INDI)

Bamco Inc. NY boosted its stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,901,826 shares of the company's stock after acquiring an additional 4,661,220 shares during the period. Bamco Inc. NY owned about 9.86% of indie Semiconductor worth $80,602,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of INDI. National Bank of Canada FI boosted its position in shares of indie Semiconductor by 42.7% in the 4th quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock valued at $54,000 after purchasing an additional 4,023 shares during the period. ArrowMark Colorado Holdings LLC acquired a new stake in shares of indie Semiconductor in the fourth quarter valued at approximately $55,000. Regal Investment Advisors LLC grew its position in shares of indie Semiconductor by 39.2% during the fourth quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock worth $57,000 after acquiring an additional 3,988 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of indie Semiconductor during the third quarter worth approximately $58,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of indie Semiconductor by 74.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company's stock valued at $60,000 after acquiring an additional 6,363 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

indie Semiconductor Stock Performance

indie Semiconductor stock remained flat at $2.33 during midday trading on Friday. The company had a trading volume of 2,609,542 shares, compared to its average volume of 3,696,986. 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 52-week low of $1.53 and a 52-week high of $7.82. The firm has a fifty day moving average price of $2.14 and a 200-day moving average price of $3.45. The stock has a market capitalization of $485.79 million, a PE ratio of -3.07 and a beta of 2.01.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings data 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). 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 analysts' expectations of $58.20 million. Equities analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 65,754 shares of indie Semiconductor stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $190,686.60. Following the transaction, the chief executive officer now directly owns 246,535 shares in the company, valued at approximately $714,951.50. The trade was a 21.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael Wittmann sold 10,875 shares of indie Semiconductor stock in a transaction on Monday, March 10th. The shares were sold at an average price of $2.81, for a total transaction of $30,558.75. Following the sale, the chief operating officer now directly 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. Insiders sold a total of 146,277 shares of company stock valued at $434,192 in the last quarter. Insiders own 8.20% of the company's stock.

Analyst Ratings Changes

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