152,623 Shares in indie Semiconductor, Inc. $INDI Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 152,623 shares of indie Semiconductor, Inc. for about $311,000, representing roughly 0.07% ownership at the end of the reporting period.
• Other institutional investors have also increased their stakes, with Primecap Management Co. CA growing by 8.9% and Bamco Inc. NY by 30.6% in recent quarters.
• Indie Semiconductor recently reported ($0.08) earnings per share, matching analyst estimates, while its revenue declined by 1.5% year-over-year to $51.63 million.

Quantbot Technologies LP purchased a new stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 152,623 shares of the company's stock, valued at approximately $311,000. Quantbot Technologies LP owned approximately 0.07% of indie Semiconductor as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Primecap Management Co. CA boosted its stake in shares of indie Semiconductor by 8.9% during the 1st quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company's stock worth $58,249,000 after acquiring an additional 2,335,620 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of indie Semiconductor by 30.6% during the 4th quarter. Bamco Inc. NY now owns 19,901,826 shares of the company's stock worth $80,602,000 after acquiring an additional 4,661,220 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of indie Semiconductor by 60.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 17,374,268 shares of the company's stock worth $70,366,000 after acquiring an additional 6,517,978 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of indie Semiconductor by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 12,805,999 shares of the company's stock worth $26,060,000 after acquiring an additional 220,737 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of indie Semiconductor by 23.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,102,127 shares of the company's stock worth $8,348,000 after acquiring an additional 768,907 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

indie Semiconductor Stock Down 3.8%

Shares of INDI traded down $0.17 during mid-day trading on Tuesday, reaching $4.36. The company's stock had a trading volume of 3,519,286 shares, compared to its average volume of 3,891,609. The business has a fifty day moving average of $4.14 and a 200 day moving average of $3.10. The company has a market cap of $942.50 million, a price-to-earnings ratio of -5.19 and a beta of 2.31. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year 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.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (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 company had revenue of $51.63 million during the quarter, compared to analyst estimates of $51.40 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The company's revenue for the quarter was down 1.5% on a year-over-year basis. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sonalee Elizabeth Parekh sold 11,841 shares of the 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 sale, the director directly owned 119,857 shares in the company, valued at approximately $409,910.94. This trade represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

INDI has been the subject of several research reports. KeyCorp reduced their price objective on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Benchmark reissued a "buy" rating and set a $8.00 price objective (up from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Finally, 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. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.90.

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.