SG Americas Securities LLC Makes New $793,000 Investment in indie Semiconductor, Inc. (NASDAQ:INDI)

SG Americas Securities LLC bought a new stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 389,875 shares of the company's stock, valued at approximately $793,000. SG Americas Securities LLC owned approximately 0.19% of indie Semiconductor at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in INDI. Kera Capital Partners Inc. bought a new stake in shares of indie Semiconductor during the 1st quarter worth about $31,000. National Bank of Canada FI boosted its holdings in shares of indie Semiconductor by 42.7% during the 4th quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock worth $54,000 after buying an additional 4,023 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in shares of indie Semiconductor during the 4th quarter worth about $55,000. Regal Investment Advisors LLC boosted its holdings 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 buying an additional 3,988 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of indie Semiconductor by 74.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company's stock worth $60,000 after buying an additional 6,363 shares during the period. Institutional investors own 67.73% of the company's stock.

indie Semiconductor Price Performance

Shares of NASDAQ:INDI traded down $0.04 during midday trading on Monday, hitting $3.13. The stock had a trading volume of 3,441,123 shares, compared to its average volume of 3,768,593. The company has a market capitalization of $665.16 million, a P/E ratio of -4.17 and a beta of 2.12. The company has a quick ratio of 4.64, a current ratio of 5.30 and a debt-to-equity ratio of 0.85. The company's 50-day moving average price is $2.53 and its 200-day moving average price is $3.12. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $7.45.

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

Insiders Place Their Bets

In related news, 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 transaction, the director now owns 119,857 shares in the company, valued at $409,910.94. The trade was a 8.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Wittmann sold 13,725 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $2.59, for a total transaction of $35,547.75. Following the transaction, the chief operating officer now owns 101,662 shares in the company, valued at $263,304.58. The trade was a 11.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,291 shares of company stock valued at $111,592 in the last ninety days. 5.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.