Register Financial Advisors LLC Buys 100,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

Register Financial Advisors LLC lifted its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 29.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,028 shares of the company's stock after purchasing an additional 100,000 shares during the quarter. Register Financial Advisors LLC owned 0.22% of indie Semiconductor worth $889,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of INDI. Frontier Capital Management Co. LLC boosted its stake in indie Semiconductor by 60.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 17,374,268 shares of the company's stock worth $70,366,000 after buying an additional 6,517,978 shares in the last quarter. Bamco Inc. NY boosted its stake in indie Semiconductor by 30.6% in the fourth quarter. Bamco Inc. NY now owns 19,901,826 shares of the company's stock worth $80,602,000 after buying an additional 4,661,220 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in indie Semiconductor in the fourth quarter worth approximately $6,040,000. Aristeia Capital L.L.C. purchased a new stake in indie Semiconductor in the fourth quarter worth approximately $4,135,000. Finally, Vanguard Group Inc. boosted its stake in indie Semiconductor by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company's stock worth $50,970,000 after buying an additional 942,088 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other news, COO Michael Wittmann sold 13,725 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $2.59, for a total transaction of $35,547.75. Following the completion of the transaction, the chief operating officer now directly owns 101,662 shares in the company, valued at $263,304.58. This trade represents a 11.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of the firm's stock in a transaction 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 now owns 119,857 shares of the company's stock, valued at $409,910.94. The trade was a 8.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,291 shares of company stock worth $111,592. 5.60% of the stock is owned by corporate insiders.

indie Semiconductor Trading Down 1.2%

INDI stock traded down $0.04 on Friday, reaching $3.17. The company's stock had a trading volume of 6,285,622 shares, compared to its average volume of 3,769,862. The business has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $3.13. indie Semiconductor, Inc. has a 12-month low of $1.53 and a 12-month high of $7.45. The firm has a market cap of $673.66 million, a PE ratio of -4.23 and a beta of 2.12. The company has a debt-to-equity ratio of 0.85, a quick ratio of 4.64 and a current ratio of 5.30.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.08). The business had revenue of $54.08 million during the quarter, compared to the consensus estimate of $54.94 million. indie Semiconductor had a negative return on equity of 27.25% and a negative net margin of 62.64%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. As a group, research analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on INDI. Craig Hallum cut their target price on indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. 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. B. Riley reiterated a "buy" rating on shares of indie Semiconductor in a research report on Thursday, April 24th. Finally, Benchmark reiterated a "buy" rating and issued a $6.00 price objective on shares of indie Semiconductor in a research report on Wednesday, June 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5.75.

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.