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

Other hedge funds have also recently modified their holdings of the company. ArrowMark Colorado Holdings LLC acquired a new stake in indie Semiconductor in the 4th quarter valued at about $55,000. Regal Investment Advisors LLC boosted its position in shares of indie Semiconductor by 39.2% during the 4th quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock worth $57,000 after purchasing an additional 3,988 shares during the period. Kera Capital Partners Inc. purchased a new position in shares of indie Semiconductor during the 1st quarter worth approximately $31,000. Walleye Capital LLC purchased a new position in shares of indie Semiconductor during the 4th quarter worth approximately $62,000. Finally, National Bank of Canada FI boosted its position in indie Semiconductor by 32.7% in the 1st quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock valued at $36,000 after buying an additional 4,400 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on INDI. B. Riley reissued a "buy" rating on shares of indie Semiconductor in a research report on Thursday, April 24th. KeyCorp decreased their price target 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. Benchmark reissued a "buy" rating and issued a $8.00 price target (up previously from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. Finally, Craig Hallum decreased their price target 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.90.

Insider Transactions at indie Semiconductor

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

indie Semiconductor Stock Performance

INDI traded down $0.0950 on Wednesday, reaching $4.1650. The company had a trading volume of 1,182,697 shares, compared to its average volume of 4,028,331. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year high of $5.57. The stock has a market capitalization of $900.36 million, a PE ratio of -4.98 and a beta of 2.23. 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 stock has a 50-day moving average price of $3.89 and a 200-day moving average price of $3.07.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced 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 net margin of 71.98% and a negative return on equity of 28.43%. The firm had revenue of $51.63 million during the quarter, compared to analysts' expectations of $51.40 million. During the same period in the previous year, the company earned ($0.09) earnings per share. indie Semiconductor's quarterly revenue was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

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.