indie Semiconductor, Inc. (NASDAQ:INDI) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 23.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,102,127 shares of the company's stock after acquiring an additional 768,907 shares during the period. Harbor Capital Advisors Inc. owned about 2.03% of indie Semiconductor worth $8,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. National Bank of Canada FI boosted its stake in shares of indie Semiconductor by 42.7% during the 4th quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock worth $54,000 after purchasing an additional 4,023 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in shares of indie Semiconductor during the fourth quarter valued at approximately $55,000. Regal Investment Advisors LLC boosted its position in indie Semiconductor by 39.2% during the fourth quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock worth $57,000 after acquiring an additional 3,988 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in indie Semiconductor by 74.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company's stock valued at $60,000 after acquiring an additional 6,363 shares during the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in shares of indie Semiconductor during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

INDI has been the topic of a number of research analyst reports. B. Riley reissued a "buy" rating on shares of indie Semiconductor in a research note on Thursday, April 24th. Craig Hallum reduced 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. Benchmark restated a "buy" rating and set a $6.00 target price on shares of indie Semiconductor in a report on Wednesday. Finally, KeyCorp lowered their price target on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $5.75.

Insider Transactions at indie Semiconductor

In related news, COO Michael Wittmann sold 13,725 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $2.59, for a total transaction of $35,547.75. Following the completion of the sale, the chief operating officer now owns 101,662 shares of the company's stock, valued at $263,304.58. This represents a 11.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.20% of the company's stock.

indie Semiconductor Stock Down 7.8%

INDI stock traded down $0.27 during mid-day trading on Friday, hitting $3.19. 4,032,696 shares of the company were exchanged, compared to its average volume of 3,752,556. The firm has a fifty day simple moving average of $2.37 and a 200 day simple moving average of $3.20. The company has a market capitalization of $677.92 million, a PE ratio of -4.20 and a beta of 2.12. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $7.45. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32.

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

indie Semiconductor 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.