Harbor Capital Advisors Inc. Trims Position in indie Semiconductor, Inc. $INDI

Key Points

• Harbor Capital Advisors Inc. has decreased its stake in indie Semiconductor, Inc. by 9.0% during the second quarter, now owning approximately 1.76% of the company, valued at $13.3 million.
• Various hedge funds have adjusted their positions in indie Semiconductor, with 67.73% of the stock currently owned by institutional investors.
• Analysts have mixed views on indie Semiconductor, with a consensus rating of "Moderate Buy", and a price target of $5.90 despite the stock's recent performance.

Harbor Capital Advisors Inc. lowered its stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,731,740 shares of the company's stock after selling 370,387 shares during the period. Harbor Capital Advisors Inc. owned approximately 1.76% of indie Semiconductor worth $13,285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. acquired a new stake in shares of indie Semiconductor in the first quarter valued at about $31,000. National Bank of Canada FI lifted its holdings in indie Semiconductor by 32.7% in the first quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock worth $36,000 after purchasing an additional 4,400 shares during the period. Hsbc Holdings PLC raised its stake in shares of indie Semiconductor by 36.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,486 shares of the company's stock worth $39,000 after buying an additional 5,213 shares in the last quarter. SlateStone Wealth LLC raised its stake in shares of indie Semiconductor by 27.1% in the 1st quarter. SlateStone Wealth LLC now owns 22,100 shares of the company's stock worth $45,000 after buying an additional 4,706 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of indie Semiconductor during the first quarter worth $53,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

indie Semiconductor Price Performance

NASDAQ INDI traded down $0.16 during trading hours on Friday, reaching $3.63. The company's stock had a trading volume of 8,745,499 shares, compared to its average volume of 3,271,632. The stock has a market cap of $784.71 million, a PE ratio of -4.32 and a beta of 2.31. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week 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 company's 50-day moving average is $4.21 and its two-hundred day moving average is $3.16.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) earnings per share (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 net margin of 71.98% and a negative return on equity of 28.43%. The business's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share. indie Semiconductor has set its Q3 2025 guidance at EPS. Analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Insider Buying and Selling at indie Semiconductor

In other news, COO Michael Wittmann sold 59,375 shares of indie Semiconductor stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $4.29, for a total transaction of $254,718.75. Following the completion of the sale, the chief operating officer directly owned 94,005 shares in the company, valued at $403,281.45. The trade was a 38.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald Mcclymont sold 150,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $3.87, for a total value of $580,500.00. Following the transaction, the chief executive officer owned 135,602 shares of the company's stock, valued at approximately $524,779.74. This trade represents a 52.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 313,768 shares of company stock valued at $1,265,141 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in 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 note on Wednesday, June 25th. Wall Street Zen upgraded indie Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, indie Semiconductor has a consensus rating of "Moderate Buy" and an average price target 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.