Oak Grove Capital LLC Lowers Stock Holdings in indie Semiconductor, Inc. $INDI

Key Points

• Oak Grove Capital LLC significantly reduced its holdings in indie Semiconductor, Inc. by 86.9%, owning only 165,550 shares after selling over 1 million shares during the first quarter.
• Despite Oak Grove's divestment, several other institutional investors, including Frontier Capital Management and Bamco Inc. NY, increased their stakes in indie Semiconductor, indicating mixed investor sentiment.
• indie Semiconductor reported a negative net margin of 71.98% in its latest quarterly earnings, with revenues declining 1.5% year-over-year, highlighting ongoing financial challenges for the company.

Oak Grove Capital LLC cut its stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 86.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,550 shares of the company's stock after selling 1,099,190 shares during the period. Oak Grove Capital LLC owned approximately 0.08% of indie Semiconductor worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Regal Investment Advisors LLC grew its position in shares of indie Semiconductor by 39.2% in the fourth quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock valued at $57,000 after purchasing an additional 3,988 shares in the last quarter. National Bank of Canada FI grew its position in shares of indie Semiconductor by 32.7% in the first quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock valued at $36,000 after purchasing an additional 4,400 shares in the last quarter. SlateStone Wealth LLC grew its position 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 valued at $45,000 after purchasing an additional 4,706 shares in the last quarter. Invesco Ltd. grew its position in shares of indie Semiconductor by 5.5% in the fourth quarter. Invesco Ltd. now owns 93,328 shares of the company's stock valued at $378,000 after purchasing an additional 4,879 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in indie Semiconductor by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 498,931 shares of the company's stock worth $1,015,000 after acquiring an additional 5,322 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

indie Semiconductor Stock Down 2.7%

indie Semiconductor stock traded down $0.12 during midday trading on Tuesday, reaching $4.26. The company's stock had a trading volume of 3,327,093 shares, compared to its average volume of 4,045,535. 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 company has a market cap of $920.88 million, a P/E ratio of -5.07 and a beta of 2.23. The business has a 50-day simple moving average of $3.87 and a 200-day simple moving average of $3.06.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share 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 company 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) earnings per share. indie Semiconductor's quarterly revenue was down 1.5% on a year-over-year basis. indie Semiconductor has set its Q3 2025 guidance at EPS. On average, research analysts expect that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Transactions at indie Semiconductor

In other news, Director Sonalee Elizabeth Parekh sold 11,841 shares of indie Semiconductor stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $3.42, for a total transaction of $40,496.22. Following the sale, the director owned 119,857 shares in the company, valued at approximately $409,910.94. The trade was a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Wittmann sold 13,725 shares of indie Semiconductor stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $2.59, for a total value of $35,547.75. Following the sale, the chief operating officer owned 101,662 shares in the company, valued at $263,304.58. This trade represents a 11.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,823 shares of company stock worth $128,088 in the last quarter. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. KeyCorp lowered their price objective on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Benchmark restated 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. Craig Hallum lowered their price target on indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, B. Riley restated a "buy" rating on shares of indie Semiconductor in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, indie Semiconductor has an average rating of "Moderate Buy" and a consensus price target 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.