SG Americas Securities LLC Takes Position in indie Semiconductor, Inc. (NASDAQ:INDI)

SG Americas Securities LLC purchased a new stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 389,875 shares of the company's stock, valued at approximately $793,000. SG Americas Securities LLC owned about 0.19% of indie Semiconductor as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in indie Semiconductor by 23.1% during the first quarter. Harbor Capital Advisors Inc. now owns 4,102,127 shares of the company's stock worth $8,348,000 after buying an additional 768,907 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of indie Semiconductor by 10.9% during the first quarter. Moody National Bank Trust Division now owns 721,712 shares of the company's stock worth $1,469,000 after acquiring an additional 70,902 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in shares of indie Semiconductor during the 1st quarter worth approximately $31,000. California State Teachers Retirement System boosted its position in shares of indie Semiconductor by 10.2% in the 4th quarter. California State Teachers Retirement System now owns 166,731 shares of the company's stock worth $675,000 after purchasing an additional 15,378 shares during the last quarter. Finally, American Trust raised its position in shares of indie Semiconductor by 20.3% in the 4th quarter. American Trust now owns 34,845 shares of the company's stock valued at $141,000 after acquiring an additional 5,869 shares during the period. 67.73% of the stock is owned by institutional investors.

indie Semiconductor Stock Up 1.6%

INDI stock opened at $3.21 on Friday. The firm has a 50-day moving average price of $2.48 and a 200-day moving average price of $3.15. The stock has a market capitalization of $682.17 million, a P/E ratio of -4.28 and a beta of 2.12. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $7.45. The company has a current ratio of 5.30, a quick ratio of 4.64 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) EPS for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $54.08 million for the quarter, compared to the consensus estimate 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 was up 3.2% compared to the same quarter last year. During the same period last year, the company earned ($0.10) EPS. As a group, equities research analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Insider Activity

In other indie Semiconductor news, 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 directly owns 119,857 shares of the company's stock, valued at approximately $409,910.94. This trade represents a 8.99% decrease in their ownership of the stock. The transaction 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 indie Semiconductor stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $2.59, for a total value of $35,547.75. Following the transaction, the chief operating officer now owns 101,662 shares of the company's stock, valued at $263,304.58. This trade represents a 11.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,291 shares of company stock valued at $111,592. 5.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INDI shares. KeyCorp cut their price objective on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Benchmark reissued a "buy" rating and set a $6.00 price target on shares of indie Semiconductor in a research report on Wednesday, June 11th. B. Riley restated a "buy" rating on shares of indie Semiconductor in a research report on Thursday, April 24th. Finally, Craig Hallum decreased their target price on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding INDI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for indie Semiconductor, Inc. (NASDAQ:INDI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.