Meros Investment Management LP Raises Stock Holdings in indie Semiconductor, Inc. $INDI

Key Points

• Meros Investment Management LP increased its holdings in indie Semiconductor by 4.7% in Q1, acquiring 58,028 shares, bringing their total to 1,298,977 shares, which is 1.6% of their portfolio.
• Other institutional investors, including Barclays PLC and Deutsche Bank AG, also significantly increased their positions in indie Semiconductor during the last quarter.
• Indie Semiconductor reported earnings of ($0.08) per share, matching analysts' expectations, while quarterly revenue fell slightly by 1.5% year-over-year, totaling $51.63 million.

Meros Investment Management LP grew its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,298,977 shares of the company's stock after purchasing an additional 58,028 shares during the period. indie Semiconductor makes up approximately 1.6% of Meros Investment Management LP's holdings, making the stock its 28th largest position. Meros Investment Management LP owned approximately 0.62% of indie Semiconductor worth $2,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Regal Investment Advisors LLC boosted its stake in indie Semiconductor by 39.2% in the 4th quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock worth $57,000 after purchasing an additional 3,988 shares in the last quarter. National Bank of Canada FI raised its holdings in indie Semiconductor by 32.7% in the first quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock worth $36,000 after buying an additional 4,400 shares during the last quarter. SlateStone Wealth LLC lifted its stake in shares of indie Semiconductor by 27.1% in the first quarter. SlateStone Wealth LLC now owns 22,100 shares of the company's stock worth $45,000 after buying an additional 4,706 shares in the last quarter. Invesco Ltd. grew its holdings in shares of indie Semiconductor by 5.5% during the fourth quarter. Invesco Ltd. now owns 93,328 shares of the company's stock valued at $378,000 after buying an additional 4,879 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of indie Semiconductor by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 498,931 shares of the company's stock valued at $1,015,000 after acquiring an additional 5,322 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

indie Semiconductor Stock Performance

Shares of NASDAQ INDI traded up $0.0650 during midday trading on Wednesday, hitting $4.3250. 2,683,212 shares of the company's stock traded hands, compared to its average volume of 4,036,444. The firm has a fifty day moving average of $3.89 and a 200 day moving average of $3.07. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year high of $5.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.72 and a current ratio of 4.34. The stock has a market capitalization of $934.95 million, a price-to-earnings ratio of -5.15 and a beta of 2.23.

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 the consensus estimate of ($0.08). indie Semiconductor had a negative net margin of 71.98% and a negative return on equity of 28.43%. The company had revenue of $51.63 million during the quarter, compared to analyst estimates of $51.40 million. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. On average, analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on INDI shares. B. Riley reiterated a "buy" rating on shares of indie Semiconductor in a report on Thursday, April 24th. Benchmark reiterated a "buy" rating and issued a $8.00 price target (up from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Craig Hallum decreased their price objective on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, KeyCorp lowered their price objective 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. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $5.90.

Insider Buying and Selling at indie Semiconductor

In related news, COO Michael Wittmann sold 13,725 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $2.59, for a total value of $35,547.75. Following the transaction, the chief operating officer directly owned 101,662 shares of the company's stock, valued at approximately $263,304.58. This trade represents a 11.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of indie Semiconductor stock in a transaction 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 transaction, the director owned 119,857 shares in the company, valued at $409,910.94. This trade represents a 8.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,823 shares of company stock valued at $128,088 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

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.