Mizuho Markets Americas LLC Has $1.79 Million Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Key Points

• Mizuho Markets Americas LLC has significantly increased its stake in indie Semiconductor, acquiring an additional 536,858 shares, bringing its total holdings to 877,424 shares, valued at approximately $1.786 million.
• indie Semiconductor reported a quarterly loss of ($0.08) earnings per share, meeting analysts' expectations, while revenues were around $51.63 million, slightly up from last year's quarter.
• The company's stock has shown volatility over the past year, with a 52-week low of $1.53 and a high of $5.57, and currently has a market cap of $854.29 million.

Mizuho Markets Americas LLC grew its holdings in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 157.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 877,424 shares of the company's stock after purchasing an additional 536,858 shares during the period. Mizuho Markets Americas LLC owned approximately 0.42% of indie Semiconductor worth $1,786,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in indie Semiconductor by 8.1% during the fourth quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company's stock valued at $50,970,000 after buying an additional 942,088 shares in the last quarter. Franklin Resources Inc. bought a new position in indie Semiconductor during the fourth quarter valued at about $412,000. National Bank of Canada FI raised its holdings in indie Semiconductor by 42.7% during the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock valued at $54,000 after buying an additional 4,023 shares in the last quarter. Geode Capital Management LLC raised its holdings in indie Semiconductor by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 3,996,194 shares of the company's stock valued at $16,188,000 after buying an additional 52,127 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in indie Semiconductor by 28.6% during the fourth quarter. Wells Fargo & Company MN now owns 107,188 shares of the company's stock valued at $434,000 after buying an additional 23,837 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at indie Semiconductor

In related news, COO Michael Wittmann sold 13,725 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $2.59, for a total value 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. This represents a 11.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $3.42, for a total transaction of $40,496.22. Following the completion of the transaction, the director directly owned 119,857 shares of the company's stock, valued at approximately $409,910.94. The trade was 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 in the last three months. 5.60% of the stock is owned by company insiders.

indie Semiconductor Trading Up 13.6%

Shares of indie Semiconductor stock traded up $0.53 on Tuesday, hitting $4.42. 5,656,909 shares of the company's stock traded hands, compared to its average volume of 4,903,319. The firm's 50-day moving average price is $3.73 and its two-hundred day moving average price is $3.05. The stock has a market capitalization of $939.29 million, a PE ratio of -5.26 and a beta of 2.23. indie Semiconductor, Inc. has a one year low of $1.53 and a one year high of $5.57. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 4.64.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.08) 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 analysts' expectations of $51.40 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Analyst Ratings Changes

INDI has been the topic of several research analyst reports. Craig Hallum lowered their price target on 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 reaffirmed a "buy" rating and issued a $8.00 price target (up from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. KeyCorp decreased their target price on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Finally, B. Riley restated a "buy" rating on shares of indie Semiconductor in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5.90.

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.