Johnson Investment Counsel Inc. Makes New $164,000 Investment in indie Semiconductor, Inc. (NASDAQ:INDI)

Johnson Investment Counsel Inc. acquired a new position in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 80,349 shares of the company's stock, valued at approximately $164,000.

Several other institutional investors have also modified their holdings of INDI. Barclays PLC lifted its stake in indie Semiconductor by 12.4% during the fourth quarter. Barclays PLC now owns 288,715 shares of the company's stock valued at $1,169,000 after purchasing an additional 31,916 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of indie Semiconductor by 8.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,431,093 shares of the company's stock valued at $5,796,000 after buying an additional 112,793 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of indie Semiconductor by 8.1% during the 4th quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company's stock valued at $50,970,000 after acquiring an additional 942,088 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of indie Semiconductor by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,954 shares of the company's stock worth $1,069,000 after acquiring an additional 32,979 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of indie Semiconductor in the 4th quarter worth $386,000. Institutional investors and hedge funds own 67.73% of the company's stock.

indie Semiconductor Stock Down 5.2%

NASDAQ INDI traded down $0.20 during trading on Friday, reaching $3.64. 6,969,114 shares of the company's stock were exchanged, compared to its average volume of 3,835,142. The company has a current ratio of 5.30, a quick ratio of 4.64 and a debt-to-equity ratio of 0.85. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $7.45. The company's fifty day simple moving average is $2.63 and its 200-day simple moving average is $3.13. The firm has a market capitalization of $773.54 million, a PE ratio of -4.85 and a beta of 2.12.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.08) EPS for the quarter, meeting analysts' consensus estimates of ($0.08). indie Semiconductor had a negative net margin of 62.64% and a negative return on equity of 27.25%. The firm had revenue of $54.08 million for the quarter, compared to the consensus estimate of $54.94 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The firm's revenue was up 3.2% on a year-over-year basis. Sell-side analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, 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 completion of the sale, the director now directly owns 119,857 shares of the company's stock, valued at $409,910.94. The trade was a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Michael Wittmann sold 13,725 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $2.59, for a total transaction of $35,547.75. Following the transaction, the chief operating officer now owns 101,662 shares in the company, valued at approximately $263,304.58. This trade represents a 11.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,291 shares of company stock valued at $111,592. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. KeyCorp reduced their target price on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Craig Hallum reduced their price objective on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. B. Riley reiterated a "buy" rating on shares of indie Semiconductor in a report on Thursday, April 24th. Finally, Benchmark restated a "buy" rating and set a $8.00 price target (up previously from $6.00) on shares of indie Semiconductor in a report on Wednesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, indie Semiconductor presently has a consensus rating of "Moderate Buy" and an average price target of $6.08.

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.