indie Semiconductor, Inc. $INDI Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly increased its stake in indie Semiconductor, boosting its position by 453.2% to own approximately 1.36 million shares valued at $2.78 million by the end of the first quarter.
• indie Semiconductor reported a negative net margin of 71.98% and a revenue decline of 1.5% year-over-year, despite meeting earnings expectations with an EPS of ($0.08).
• Analysts have mixed ratings on indie Semiconductor, with a consensus target price of $5.90, highlighting a range of views from various research reports about the company's performance and potential growth.

Deutsche Bank AG grew its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 453.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,361,077 shares of the company's stock after acquiring an additional 1,115,049 shares during the period. Deutsche Bank AG owned about 0.65% of indie Semiconductor worth $2,777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Primecap Management Co. CA raised its holdings in shares of indie Semiconductor by 8.9% during the first quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company's stock worth $58,249,000 after purchasing an additional 2,335,620 shares during the period. Vanguard Group Inc. raised its holdings in shares of indie Semiconductor by 1.8% during the first quarter. Vanguard Group Inc. now owns 12,805,999 shares of the company's stock worth $26,060,000 after purchasing an additional 220,737 shares during the period. Bank of Nova Scotia raised its holdings in shares of indie Semiconductor by 612.9% during the first quarter. Bank of Nova Scotia now owns 1,324,256 shares of the company's stock worth $2,695,000 after purchasing an additional 1,138,498 shares during the period. Malaga Cove Capital LLC acquired a new stake in shares of indie Semiconductor during the first quarter worth $820,000. Finally, SlateStone Wealth LLC raised its holdings in shares of 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 purchasing an additional 4,706 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on INDI. Benchmark reissued a "buy" rating and set a $8.00 target price (up from $6.00) on shares of indie Semiconductor in a report on Wednesday, June 25th. Craig Hallum reduced their price target on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, KeyCorp reduced their price target on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Five equities 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.90.

Insiders Place Their Bets

In other news, COO Michael Wittmann sold 13,725 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $2.59, for a total value of $35,547.75. Following the completion of the sale, the chief operating officer owned 101,662 shares in the company, valued at $263,304.58. This represents a 11.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of indie Semiconductor stock in a transaction dated Monday, June 16th. The stock was 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 in the company, valued at approximately $409,910.94. The trade was a 8.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,823 shares of company stock worth $128,088 over the last three months. Corporate insiders own 5.60% of the company's stock.

indie Semiconductor Stock Performance

Shares of INDI traded up $0.0230 during trading hours on Monday, reaching $4.6430. 154,960 shares of the company's stock traded hands, compared to its average volume of 4,006,403. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -5.52 and a beta of 2.23. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 3.72. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $5.57. The business's fifty day simple moving average is $3.95 and its two-hundred day simple moving average is $3.06.

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

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.