Vanguard Group Inc. Increases Position in indie Semiconductor, Inc. $INDI

Key Points

• Vanguard Group Inc. has increased its stake in indie Semiconductor, owning 12.8 million shares after a 1.8% boost during the first quarter, making it worth approximately $26 million.
• Several institutional investors have acquired new stakes or increased their holdings in indie Semiconductor, resulting in institutional ownership climbing to 67.73% of the company's stock.
• The company reported earnings of ($0.08) per share for the last quarter, matching analysts' expectations, but its revenue was down 1.5% year-over-year at $51.63 million.

Vanguard Group Inc. raised its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,805,999 shares of the company's stock after acquiring an additional 220,737 shares during the quarter. Vanguard Group Inc. owned approximately 6.14% of indie Semiconductor worth $26,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of INDI. Kera Capital Partners Inc. bought a new stake in indie Semiconductor during the first quarter valued at about $31,000. SlateStone Wealth LLC increased its holdings in shares of indie Semiconductor by 27.1% in 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 last quarter. Teacher Retirement System of Texas bought a new stake in shares of indie Semiconductor in the first quarter worth about $53,000. ArrowMark Colorado Holdings LLC bought a new stake in shares of indie Semiconductor in the fourth quarter worth about $55,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of indie Semiconductor in the fourth quarter worth about $76,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 59,375 shares of the business's stock in a transaction that occurred on 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 transaction, the chief operating officer owned 94,005 shares in the company, valued at $403,281.45. The trade was a 38.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of the business'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 value of $40,496.22. Following the transaction, the director owned 119,857 shares of the company's stock, valued at $409,910.94. This trade represents a 8.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,518 shares of company stock valued at $331,984 in the last 90 days. Company insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. 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. KeyCorp reduced their target price on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Finally, Craig Hallum reduced their target price on indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5.90.

indie Semiconductor Trading Down 1.1%

INDI traded down $0.05 on Wednesday, hitting $4.31. The company had a trading volume of 2,022,008 shares, compared to its average volume of 3,891,609. The company has a market cap of $931.69 million, a PE ratio of -5.13 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 quick ratio of 3.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.81. The business's fifty day simple moving average is $4.15 and its 200 day simple moving average is $3.11.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $51.63 million during 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 firm's revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) earnings per share. indie Semiconductor has set its Q3 2025 guidance at EPS. Equities research analysts expect that indie Semiconductor, Inc. will post -0.54 EPS 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.