Robertson Stephens Wealth Management LLC Purchases New Stake in indie Semiconductor, Inc. (NASDAQ:INDI)

Robertson Stephens Wealth Management LLC purchased a new stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 186,164 shares of the company's stock, valued at approximately $379,000. Robertson Stephens Wealth Management LLC owned about 0.09% of indie Semiconductor at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its stake in indie Semiconductor by 12.4% in the 4th quarter. Barclays PLC now owns 288,715 shares of the company's stock valued at $1,169,000 after buying an additional 31,916 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in indie Semiconductor by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,431,093 shares of the company's stock worth $5,796,000 after purchasing an additional 112,793 shares in the last quarter. Vanguard Group Inc. lifted its position in indie Semiconductor by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company's stock valued at $50,970,000 after purchasing an additional 942,088 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in indie Semiconductor by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,954 shares of the company's stock valued at $1,069,000 after purchasing an additional 32,979 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in indie Semiconductor during the 4th quarter worth approximately $386,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on INDI. Craig Hallum reduced their price target on indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. B. Riley reiterated a "buy" rating on shares of indie Semiconductor in a research report on Thursday, April 24th. Benchmark restated a "buy" rating and set a $6.00 target price on shares of indie Semiconductor in a research report on Wednesday, June 11th. Finally, KeyCorp lowered their price target on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.75.

Insider Buying and Selling at indie Semiconductor

In related news, Director Sonalee Elizabeth Parekh sold 11,841 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $3.42, for a total transaction of $40,496.22. Following the sale, the director now owns 119,857 shares in the company, valued at approximately $409,910.94. This trade represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Wittmann sold 13,725 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $2.59, for a total value of $35,547.75. Following the completion of the transaction, the chief operating officer now owns 101,662 shares of the company's stock, valued at $263,304.58. The trade was a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,291 shares of company stock worth $111,592. 5.60% of the stock is owned by insiders.

indie Semiconductor Price Performance

INDI stock traded down $0.04 during midday trading on Monday, hitting $3.13. 3,441,123 shares of the stock were exchanged, compared to its average volume of 3,768,593. The stock's 50-day moving average price is $2.53 and its 200-day moving average price is $3.12. The company has a debt-to-equity ratio of 0.85, a quick ratio of 4.64 and a current ratio of 5.30. The stock has a market cap of $665.16 million, a price-to-earnings ratio of -4.17 and a beta of 2.12. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $7.45.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.08). indie Semiconductor had a negative net margin of 62.64% and a negative return on equity of 27.25%. The company had revenue of $54.08 million during the quarter, compared to analysts' expectations of $54.94 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. Research analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

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.