Nuveen LLC Buys New Stake in indie Semiconductor, Inc. $INDI

Nuveen LLC bought a new stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 402,304 shares of the company's stock, valued at approximately $818,000. Nuveen LLC owned 0.19% of indie Semiconductor at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kera Capital Partners Inc. acquired a new position in shares of indie Semiconductor in the 1st quarter valued at $31,000. National Bank of Canada FI grew its position in indie Semiconductor by 32.7% during the 1st quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock worth $36,000 after purchasing an additional 4,400 shares during the period. Brevan Howard Capital Management LP acquired a new stake in indie Semiconductor during the 4th quarter worth about $76,000. SlateStone Wealth LLC grew its position in indie Semiconductor by 27.1% during the 1st quarter. SlateStone Wealth LLC now owns 22,100 shares of the company's stock worth $45,000 after purchasing an additional 4,706 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in indie Semiconductor during the 4th quarter worth about $91,000. 67.73% of the stock is owned by institutional investors and hedge funds.

indie Semiconductor Price Performance

Shares of NASDAQ:INDI traded up $0.02 during trading on Friday, reaching $4.30. 2,579,621 shares of the company's stock traded hands, compared to its average volume of 3,236,320. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $5.57. The company has a quick ratio of 3.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.81. The firm has a market cap of $929.53 million, a PE ratio of -5.12 and a beta of 2.31. The company has a 50-day simple moving average of $4.17 and a 200-day simple moving average of $3.10.

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, meeting analysts' consensus estimates of ($0.08). indie Semiconductor had a negative return on equity of 28.43% and a negative net margin of 71.98%.The firm had revenue of $51.63 million for the quarter, compared to analysts' expectations of $51.40 million. During the same period last year, the firm earned ($0.09) EPS. The company's quarterly revenue was down 1.5% on a year-over-year basis. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Insider Transactions at indie Semiconductor

In other indie Semiconductor news, Director Sonalee Elizabeth Parekh sold 11,841 shares of the firm'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 transaction, the director directly owned 119,857 shares of the company's stock, valued at $409,910.94. This trade represents a 8.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael Wittmann sold 59,375 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $4.29, for a total transaction of $254,718.75. Following the completion of the transaction, the chief operating officer directly owned 94,005 shares in the company, valued at $403,281.45. This trade represents a 38.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,518 shares of company stock worth $331,984 over the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

INDI has been the topic of several analyst reports. KeyCorp cut their price target 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. Craig Hallum cut 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. Finally, Benchmark reaffirmed a "buy" rating and set a $8.00 price target (up from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.