Dimensional Fund Advisors LP Purchases 423,108 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

Dimensional Fund Advisors LP raised its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,549,781 shares of the company's stock after purchasing an additional 423,108 shares during the period. Dimensional Fund Advisors LP owned 1.26% of indie Semiconductor worth $10,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of INDI. National Bank of Canada FI raised its position in indie Semiconductor by 42.7% during the fourth 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 in the last quarter. Regal Investment Advisors LLC boosted its position 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. Daiwa Securities Group Inc. boosted its position 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 purchasing an additional 6,363 shares during the period. Cibc World Markets Corp acquired a new position in indie Semiconductor during the fourth quarter worth about $62,000. Finally, Walleye Capital LLC purchased a new stake in indie Semiconductor in the fourth quarter valued at approximately $62,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INDI has been the subject of a number of research reports. B. Riley reaffirmed a "buy" rating on shares of indie Semiconductor in a research note on Thursday, April 24th. Craig Hallum decreased their price target on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday. KeyCorp reduced their price target on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Tuesday. UBS Group started 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 for the company. Finally, Benchmark decreased their price target on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5.75.

indie Semiconductor Stock Performance

Shares of INDI stock traded up $0.04 during trading hours on Tuesday, hitting $2.68. The stock had a trading volume of 7,741,523 shares, compared to its average volume of 3,710,879. The stock's 50 day moving average is $2.13 and its 200 day moving average is $3.43. The firm has a market capitalization of $558.76 million, a PE ratio of -3.53 and a beta of 2.01. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $7.82. 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 (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.08) EPS for the quarter, meeting analysts' consensus estimates of ($0.08). The company had revenue of $54.08 million during the quarter, compared to analyst estimates of $54.94 million. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) earnings per share. As a group, research analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Michael Wittmann sold 10,875 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 77,887 shares in the company, valued at $218,862.47. The trade was a 12.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald Mcclymont sold 65,754 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $2.90, for a total value of $190,686.60. Following the transaction, the chief executive officer now directly owns 246,535 shares in the company, valued at $714,951.50. This trade represents a 21.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,277 shares of company stock worth $434,192. 8.20% of the stock is owned by insiders.

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.