Fred Alger Management LLC Makes New Investment in indie Semiconductor, Inc. $INDI

Key Points

• Fred Alger Management LLC acquired 1,241,548 shares of indie Semiconductor, valued at approximately $2.5 million, increasing institutional ownership to 67.73% of the company.
• Analysts have mixed views on indie Semiconductor, with a consensus price target of $5.90 and ratings ranging from "buy" to "hold" based on recent reports.
• The company reported a loss of $0.08 per share in its last earnings, with revenue declining 1.5% compared to the previous year, while setting a fiscal year goal for EPS at -0.54.

Fred Alger Management LLC acquired a new position in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,241,548 shares of the company's stock, valued at approximately $2,527,000. Fred Alger Management LLC owned about 0.60% of indie Semiconductor at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in INDI. Kera Capital Partners Inc. bought a new stake in indie Semiconductor during the first quarter worth approximately $31,000. National Bank of Canada FI increased its stake in indie Semiconductor by 32.7% during the first quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock worth $36,000 after acquiring an additional 4,400 shares during the last quarter. Hsbc Holdings PLC increased its stake in indie Semiconductor by 36.5% during the first quarter. Hsbc Holdings PLC now owns 19,486 shares of the company's stock worth $39,000 after acquiring an additional 5,213 shares during the last quarter. SlateStone Wealth LLC increased its stake in indie Semiconductor by 27.1% during the first quarter. SlateStone Wealth LLC now owns 22,100 shares of the company's stock worth $45,000 after acquiring an additional 4,706 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in indie Semiconductor during the first quarter worth approximately $53,000. 67.73% of the stock is owned by institutional investors.

indie Semiconductor Stock Up 0.1%

Shares of INDI traded up $0.01 during midday trading on Monday, hitting $3.89. 1,000,226 shares of the company's stock traded hands, compared to its average volume of 3,948,831. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81. The firm's fifty day moving average is $4.21 and its 200-day moving average is $3.13. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year high of $5.57. The stock has a market capitalization of $839.82 million, a price-to-earnings ratio of -4.64 and a beta of 2.31.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $51.63 million for the quarter, compared to the consensus estimate of $51.40 million. indie Semiconductor had a negative return on equity of 28.43% and a negative net margin of 71.98%.The firm's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) EPS. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Insider Transactions at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 41,986 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $4.22, for a total transaction of $177,180.92. Following the completion of the transaction, the chief executive officer owned 285,602 shares of the company's stock, valued at $1,205,240.44. This represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Ichiro Aoki sold 8,877 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $4.22, for a total transaction of $37,460.94. Following the completion of the transaction, the president directly owned 82,634 shares in the company, valued at $348,715.48. This trade represents a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 152,468 shares of company stock valued at $639,441 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on INDI shares. Benchmark restated a "buy" rating and set a $8.00 target price (up previously from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. Wall Street Zen upgraded indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Saturday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $5.90.

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.