indie Semiconductor, Inc. $INDI Shares Sold by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC has reduced its stake in indie Semiconductor by 0.9%, selling 154,767 shares, but still holds approximately 1.8% of the company's portfolio.
• Several large investors, including Primecap Management and Vanguard Group, have increased their positions in indie Semiconductor, indicating growing interest in the stock.
• Key analysts have mixed views on indie Semiconductor's stock, with price targets ranging from $6.00 to $8.00, reflecting a consensus rating of "Moderate Buy."

Granahan Investment Management LLC lessened its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,520,397 shares of the company's stock after selling 154,767 shares during the period. indie Semiconductor comprises approximately 1.8% of Granahan Investment Management LLC's investment portfolio, making the stock its 15th biggest position. Granahan Investment Management LLC owned 8.40% of indie Semiconductor worth $35,654,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kera Capital Partners Inc. purchased a new position in shares of indie Semiconductor during the first quarter valued at approximately $31,000. National Bank of Canada FI boosted its position in shares of indie Semiconductor by 32.7% during the first quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock valued at $36,000 after buying an additional 4,400 shares during the period. Hsbc Holdings PLC boosted its position in shares of indie Semiconductor by 36.5% during the first quarter. Hsbc Holdings PLC now owns 19,486 shares of the company's stock valued at $39,000 after buying an additional 5,213 shares during the period. SlateStone Wealth LLC boosted its position 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 valued at $45,000 after buying an additional 4,706 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of indie Semiconductor during the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on INDI shares. 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, May 13th. Benchmark reaffirmed a "buy" rating and set a $8.00 price target (up previously from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Finally, KeyCorp decreased their price target on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a research note 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 MarketBeat, indie Semiconductor currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.90.

Insider Activity

In other news, CEO Donald Mcclymont sold 41,986 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $4.22, for a total transaction of $177,180.92. Following the sale, the chief executive officer directly owned 285,602 shares of the company's stock, valued at $1,205,240.44. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of the company's stock in a transaction 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 completion of the sale, 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 sold a total of 143,401 shares of company stock valued at $597,350 over the last three months. Company insiders own 5.60% of the company's stock.

indie Semiconductor Stock Down 1.1%

NASDAQ:INDI traded down $0.05 during trading hours on Wednesday, reaching $4.01. The company's stock had a trading volume of 867,232 shares, compared to its average volume of 3,947,276. The company has a market capitalization of $865.76 million, a P/E ratio of -4.78 and a beta of 2.31. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $5.57. 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 stock has a 50 day moving average price of $4.20 and a two-hundred day moving average price of $3.11.

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