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

Register Financial Advisors LLC lifted its stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 29.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 437,028 shares of the company's stock after acquiring an additional 100,000 shares during the period. Register Financial Advisors LLC owned 0.22% of indie Semiconductor worth $889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INDI. Kera Capital Partners Inc. acquired a new position in indie Semiconductor during the 1st quarter worth $31,000. National Bank of Canada FI increased its stake in shares of indie Semiconductor by 42.7% in the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock worth $54,000 after purchasing an additional 4,023 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in indie Semiconductor during the 4th quarter valued at approximately $55,000. Regal Investment Advisors LLC boosted its stake in indie Semiconductor by 39.2% during the 4th 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 during the period. Finally, Daiwa Securities Group Inc. grew its holdings in indie Semiconductor by 74.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company's stock valued at $60,000 after buying an additional 6,363 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INDI has been the subject of several research reports. B. Riley reissued a "buy" rating on shares of indie Semiconductor in a research report on Thursday, April 24th. Benchmark restated a "buy" rating and issued a $6.00 price target on shares of indie Semiconductor in a research report on Wednesday, June 11th. Craig Hallum dropped their price objective on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, KeyCorp reduced their target price on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, indie Semiconductor has an average rating of "Moderate Buy" and a consensus target price of $5.75.

indie Semiconductor Stock Performance

indie Semiconductor stock traded up $0.16 on Tuesday, hitting $3.29. The company's stock had a trading volume of 3,144,096 shares, compared to its average volume of 3,766,113. The company has a fifty day moving average price of $2.53 and a 200-day moving average price of $3.12. The firm has a market cap of $699.16 million, a P/E ratio of -4.39 and a beta of 2.12. indie Semiconductor, Inc. has a one year low of $1.53 and a one year high of $7.45. The company has a quick ratio of 4.64, a current ratio of 5.30 and a debt-to-equity ratio of 0.85.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.08). The business had revenue of $54.08 million for the quarter, compared to analysts' expectations of $54.94 million. indie Semiconductor had a negative net margin of 62.64% and a negative return on equity of 27.25%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. On average, equities analysts anticipate 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, COO Michael Wittmann sold 13,725 shares of the 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 represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sonalee Elizabeth Parekh sold 11,841 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $3.42, for a total transaction of $40,496.22. Following the completion of the sale, the director now owns 119,857 shares in the company, valued at $409,910.94. This represents a 8.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,291 shares of company stock valued at $111,592. Corporate insiders own 5.60% of the company's stock.

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.