Moody National Bank Trust Division Acquires 174,498 Shares of indie Semiconductor, Inc. $INDI

Key Points

• Moody National Bank Trust Division increased its stake in indie Semiconductor by 24.2%, acquiring a total of 896,210 shares worth approximately $3.19 million.
• Institutional investors now own 67.73% of indie Semiconductor's stock, reflecting growing confidence in the company's potential.
• indie Semiconductor reported a negative net margin of 71.98% for the quarter, while also hitting consensus EPS estimates of ($0.08).

Moody National Bank Trust Division boosted its stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 24.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 896,210 shares of the company's stock after acquiring an additional 174,498 shares during the quarter. Moody National Bank Trust Division owned about 0.42% of indie Semiconductor worth $3,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of indie Semiconductor by 456.6% during the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company's stock worth $7,535,000 after purchasing an additional 3,037,435 shares in the last quarter. Primecap Management Co. CA boosted its position 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 buying an additional 2,335,620 shares during the period. Fred Alger Management LLC acquired a new position in indie Semiconductor during the first quarter valued at approximately $2,527,000. Bank of Nova Scotia increased its stake 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. Finally, Deutsche Bank AG boosted its holdings in shares of indie Semiconductor by 453.2% in the 1st quarter. Deutsche Bank AG now owns 1,361,077 shares of the company's stock valued at $2,777,000 after purchasing an additional 1,115,049 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

INDI has been the topic of several recent research reports. 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 report on Wednesday, June 25th. Wall Street Zen raised shares of indie Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5.90.

indie Semiconductor Trading Down 0.4%

INDI traded down $0.02 during trading on Tuesday, hitting $4.05. 1,021,350 shares of the company's stock were exchanged, compared to its average volume of 3,986,138. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year high of $5.57. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81. The firm has a market cap of $874.41 million, a P/E ratio of -4.84 and a beta of 2.31. The stock has a 50 day moving average price of $4.21 and a 200 day moving average price of $3.17.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.08). The firm had revenue of $51.63 million during 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%. indie Semiconductor's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 11,300 shares of indie Semiconductor stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $4.00, for a total value of $45,200.00. Following the completion of the sale, the chief executive officer directly owned 135,602 shares in the company, valued at approximately $542,408. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Ichiro Aoki sold 8,877 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $4.22, for a total value of $37,460.94. Following the completion of the transaction, the president directly owned 82,634 shares in the company, valued at approximately $348,715.48. This represents a 9.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,768 shares of company stock valued at $1,265,141 in the last quarter. 5.60% of the stock is currently owned by insiders.

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.