indie Semiconductor, Inc. (NASDAQ:INDI) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 169.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,028 shares of the company's stock after purchasing an additional 154,573 shares during the period. Deutsche Bank AG owned approximately 0.12% of indie Semiconductor worth $996,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY increased its holdings in indie Semiconductor by 30.6% in the fourth quarter. Bamco Inc. NY now owns 19,901,826 shares of the company's stock valued at $80,602,000 after buying an additional 4,661,220 shares in the last quarter. Elemental Capital Partners LLC acquired a new stake in shares of indie Semiconductor in the fourth quarter valued at approximately $14,272,000. Tudor Investment Corp ET AL acquired a new stake in shares of indie Semiconductor in the fourth quarter valued at approximately $6,040,000. Aristeia Capital L.L.C. acquired a new stake in shares of indie Semiconductor in the fourth quarter valued at approximately $4,135,000. Finally, Vanguard Group Inc. grew its position in shares of indie Semiconductor by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company's stock valued at $50,970,000 after purchasing an additional 942,088 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on INDI. Benchmark reiterated a "buy" rating and issued a $6.00 price target on shares of indie Semiconductor in a research report on Wednesday, May 21st. Craig Hallum lowered their price target on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. B. Riley restated a "buy" rating on shares of indie Semiconductor in a research report on Thursday, April 24th. Finally, KeyCorp decreased their target price on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5.75.

Insider Activity

In related news, COO Michael Wittmann sold 10,875 shares of indie Semiconductor stock in a transaction on Monday, March 10th. The shares were sold at an average price of $2.81, for a total transaction of $30,558.75. Following the sale, the chief operating officer now owns 77,887 shares of the company's stock, valued at $218,862.47. The trade was a 12.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Donald Mcclymont sold 65,754 shares of indie Semiconductor stock in a transaction on Friday, March 7th. The stock was sold at an average price of $2.90, for a total transaction of $190,686.60. Following the sale, the chief executive officer now directly owns 246,535 shares in the company, valued at $714,951.50. This trade represents a 21.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,277 shares of company stock valued at $278,192. Company insiders own 8.20% of the company's stock.

indie Semiconductor Trading Down 0.4%

Shares of NASDAQ INDI traded down $0.01 on Thursday, reaching $2.84. 5,969,281 shares of the company traded hands, compared to its average volume of 3,733,215. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $7.82. The company has a 50 day moving average of $2.15 and a 200 day moving average of $3.35. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $603.54 million, a PE ratio of -3.74 and a beta of 2.01.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.08). The company had revenue of $54.08 million for the quarter, compared to analyst estimates of $54.94 million. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. indie Semiconductor's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS. On average, equities research analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

About indie Semiconductor

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.