Meros Investment Management LP Has $2.64 Million 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 position in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,298,977 shares of the company's stock after purchasing an additional 58,028 shares during the period. indie Semiconductor comprises about 1.6% of Meros Investment Management LP's portfolio, making the stock its 28th largest position. Meros Investment Management LP owned approximately 0.62% of indie Semiconductor worth $2,643,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in indie Semiconductor by 12.4% in the fourth quarter. Barclays PLC now owns 288,715 shares of the company's stock worth $1,169,000 after purchasing an additional 31,916 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of indie Semiconductor by 14.3% during the fourth 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 during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of indie Semiconductor by 56.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,736 shares of the company's stock worth $326,000 after acquiring an additional 55,872 shares during the period. Two Sigma Investments LP acquired a new stake in shares of indie Semiconductor during the fourth quarter worth $386,000. Finally, Deutsche Bank AG raised its holdings in shares of indie Semiconductor by 169.0% during the fourth quarter. Deutsche Bank AG now owns 246,028 shares of the company's stock worth $996,000 after acquiring an additional 154,573 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Sonalee Elizabeth Parekh sold 11,841 shares of the company'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 transaction of $40,496.22. Following the completion of the sale, the director owned 119,857 shares of the company's stock, valued at approximately $409,910.94. This represents a 8.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Wittmann sold 13,725 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 101,662 shares of the company's stock, valued at approximately $263,304.58. The trade was a 11.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,823 shares of company stock valued at $128,088. 5.60% of the stock is currently owned by insiders.

indie Semiconductor Stock Performance

NASDAQ INDI traded down $0.0050 during trading on Thursday, reaching $4.3150. The company's stock had a trading volume of 749,374 shares, compared to its average volume of 4,018,811. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $932.77 million, a price-to-earnings ratio of -5.15 and a beta of 2.23. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $5.57. The firm has a 50 day moving average price of $3.91 and a 200 day moving average price of $3.07.

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

Analyst Ratings Changes

A number of brokerages recently commented on INDI. Benchmark restated a "buy" rating and set a $8.00 price objective (up from $6.00) on shares of indie Semiconductor in a report on Wednesday, June 25th. B. Riley restated a "buy" rating on shares of indie Semiconductor in a report on Thursday, April 24th. KeyCorp decreased their target price on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, Craig Hallum decreased their target price on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently 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.