Charles Schwab Investment Management Inc. Sells 59,976 Shares of indie Semiconductor, Inc. $INDI

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in indie Semiconductor, Inc. by 4.2% during Q1, owning 1,371,117 shares valued at approximately $2.79 million after selling 59,976 shares.
• Analysts have varied opinions on the stock, with price targets ranging from $6.00 to $8.00, and an average consensus rating of "Moderate Buy."
• The company reported revenue of $51.63 million for the quarter, slightly above analyst estimates, but faced a year-over-year revenue decline of 1.5% and a net margin of -71.98%.

Charles Schwab Investment Management Inc. cut its stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,371,117 shares of the company's stock after selling 59,976 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.66% of indie Semiconductor worth $2,790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Kera Capital Partners Inc. purchased a new position in shares of indie Semiconductor during the first quarter valued at approximately $31,000. SlateStone Wealth LLC lifted its stake in indie Semiconductor by 27.1% during the 1st quarter. SlateStone Wealth LLC now owns 22,100 shares of the company's stock valued at $45,000 after acquiring an additional 4,706 shares in the last quarter. Teacher Retirement System of Texas bought a new position in indie Semiconductor during the 1st quarter valued at $53,000. ArrowMark Colorado Holdings LLC purchased a new position in indie Semiconductor during the 4th quarter worth $55,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of indie Semiconductor in the fourth quarter valued at about $76,000. Institutional investors own 67.73% of the company's stock.

indie Semiconductor Stock Performance

INDI stock traded down $0.03 during mid-day trading on Thursday, hitting $4.28. The company had a trading volume of 1,725,907 shares, compared to its average volume of 3,766,756. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.72 and a current ratio of 4.34. The firm has a market cap of $925.21 million, a PE ratio of -5.10 and a beta of 2.31. The stock's fifty day moving average price is $4.16 and its two-hundred day moving average price is $3.11. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $5.57.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). indie Semiconductor had a negative return on equity of 28.43% and a negative net margin of 71.98%.The business had revenue of $51.63 million during the quarter, compared to analyst estimates of $51.40 million. During the same period in the prior year, the company earned ($0.09) earnings per share. indie Semiconductor's revenue was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 59,375 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $4.29, for a total value of $254,718.75. Following the completion of the transaction, the chief operating officer owned 94,005 shares in the company, valued at $403,281.45. This trade represents a 38.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of indie Semiconductor stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $3.42, for a total value of $40,496.22. Following the transaction, the director directly owned 119,857 shares of the company's stock, valued at $409,910.94. The trade was a 8.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,518 shares of company stock valued at $331,984 in the last quarter. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

INDI has been the topic of several analyst reports. KeyCorp cut their price target on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Craig Hallum cut their target price on indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Benchmark reaffirmed a "buy" rating and issued a $8.00 target price (up from $6.00) on shares of indie Semiconductor in a report on Wednesday, June 25th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.90.

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.