MYDA Advisors LLC Sells 120,000 Shares of indie Semiconductor, Inc. $INDI

Key Points

• MYDA Advisors LLC has reduced its stake in indie Semiconductor, Inc. by 18.5%, selling 120,000 shares and retaining 530,000 shares valued at approximately $1.08 million.
• Multiple hedge funds have altered their positions in indie Semiconductor, with Wells Fargo increasing its stake by 28.6% in the last quarter, illustrating varied investor interest in the company.
• Analysts have mixed views on the stock, with some setting a new price target of $8.00, while others lowered their targets, contributing to an overall average rating of Moderate Buy.

MYDA Advisors LLC lessened its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 18.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 530,000 shares of the company's stock after selling 120,000 shares during the period. MYDA Advisors LLC owned about 0.25% of indie Semiconductor worth $1,079,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its position in shares of indie Semiconductor by 12.4% during the 4th quarter. Barclays PLC now owns 288,715 shares of the company's stock valued at $1,169,000 after acquiring an additional 31,916 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 valued at $1,069,000 after acquiring an additional 32,979 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of indie Semiconductor by 56.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,736 shares of the company's stock valued at $326,000 after acquiring an additional 55,872 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of indie Semiconductor during the 4th quarter valued at $386,000. Finally, Deutsche Bank AG lifted its position in shares of indie Semiconductor by 169.0% during the 4th quarter. Deutsche Bank AG now owns 246,028 shares of the company's stock valued at $996,000 after acquiring an additional 154,573 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

indie Semiconductor Stock Down 6.1%

Shares of NASDAQ:INDI traded down $0.28 during midday trading on Tuesday, hitting $4.26. 1,961,115 shares of the stock were exchanged, compared to its average volume of 4,000,424. 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 company has a market capitalization of $919.82 million, a PE ratio of -5.07 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 business's fifty day simple moving average is $4.12 and its two-hundred day simple moving average is $3.09.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted 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 net margin of 71.98% and a negative return on equity of 28.43%. The business's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) earnings per share. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, research analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Benchmark restated a "buy" rating and issued a $8.00 target price (up previously from $6.00) on shares of indie Semiconductor in a report on Wednesday, June 25th. Craig Hallum reduced their target price on 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 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. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5.90.

Insider Buying and Selling

In other indie Semiconductor news, Director Sonalee Elizabeth Parekh sold 11,841 shares of the stock in a transaction 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 transaction, the director directly owned 119,857 shares of the company's stock, valued at $409,910.94. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.60% of the stock is owned by insiders.

indie Semiconductor Company 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.