Invesco Ltd. Acquires 98,389 Shares of indie Semiconductor, Inc. $INDI

Key Points

• Invesco Ltd. increased its stake in indie Semiconductor, Inc. by 105.4% during the 1st quarter, owning 191,717 shares valued at approximately $390,000.
• Institutional investors currently hold 67.73% of indie Semiconductor stock, with notable increases in positions from UBS Asset Management and Deutsche Bank AG.
• Indie Semiconductor's recent earnings report showed a revenue of $51.63 million for the quarter, slightly exceeding expectations, but still demonstrating a 1.5% year-over-year decline.

Invesco Ltd. increased its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 105.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,717 shares of the company's stock after buying an additional 98,389 shares during the quarter. Invesco Ltd. owned about 0.09% of indie Semiconductor worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in INDI. Kera Capital Partners Inc. bought a new position in indie Semiconductor in the first quarter valued at approximately $31,000. National Bank of Canada FI boosted its holdings in shares of indie Semiconductor by 32.7% in the 1st quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock valued at $36,000 after purchasing an additional 4,400 shares in the last quarter. SlateStone Wealth LLC increased 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 valued at $45,000 after purchasing an additional 4,706 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of indie Semiconductor during the 1st quarter worth $53,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of indie Semiconductor during the 4th quarter worth $76,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other news, CEO Donald Mcclymont sold 41,986 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $4.22, for a total value of $177,180.92. Following the sale, the chief executive officer directly owned 285,602 shares of the company's stock, valued at approximately $1,205,240.44. This represents a 12.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael Wittmann sold 12,020 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $4.22, for a total transaction of $50,724.40. Following the sale, the chief operating officer owned 114,913 shares of the company's stock, valued at approximately $484,932.86. This trade represents a 9.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,401 shares of company stock valued at $597,350. Insiders own 5.60% of the company's stock.

indie Semiconductor Trading Down 2.0%

Shares of indie Semiconductor stock traded down $0.08 during trading on Thursday, hitting $3.90. The company's stock had a trading volume of 2,648,438 shares, compared to its average volume of 2,910,958. The stock has a market cap of $843.06 million, a price-to-earnings ratio of -4.64 and a beta of 2.31. indie Semiconductor, Inc. has a 52 week low of $1.53 and a 52 week high of $5.57. The stock has a 50-day moving average price of $4.20 and a two-hundred day moving average price of $3.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 3.72.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $51.63 million for the quarter, compared to the consensus estimate of $51.40 million. indie Semiconductor had a negative return on equity of 28.43% and a negative net margin of 71.98%.The business's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) EPS. indie Semiconductor has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Benchmark reiterated a "buy" rating and issued a $8.00 target price (up previously from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $5.90.

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.