Two Sigma Investments LP acquired a new position in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,430 shares of the company's stock, valued at approximately $386,000.
Several other institutional investors have also recently bought and sold shares of the business. Regal Investment Advisors LLC raised its holdings in indie Semiconductor by 39.2% during the fourth 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 last quarter. National Bank of Canada FI raised its holdings in indie Semiconductor by 42.7% during the fourth 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 last quarter. Rhumbline Advisers raised its holdings in shares of indie Semiconductor by 1.8% in the fourth quarter. Rhumbline Advisers now owns 239,090 shares of the company's stock valued at $968,000 after purchasing an additional 4,156 shares during the last quarter. Invesco Ltd. raised its holdings in shares of indie Semiconductor by 5.5% in the fourth quarter. Invesco Ltd. now owns 93,328 shares of the company's stock valued at $378,000 after purchasing an additional 4,879 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of indie Semiconductor by 13.0% in the fourth quarter. Arizona State Retirement System now owns 51,961 shares of the company's stock valued at $210,000 after purchasing an additional 5,960 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
indie Semiconductor Stock Performance
INDI traded up $0.23 during trading on Thursday, hitting $3.46. 9,906,835 shares of the company traded hands, compared to its average volume of 3,746,179. The firm has a market cap of $735.30 million, a P/E ratio of -4.55 and a beta of 2.12. The stock's fifty day moving average is $2.34 and its 200 day moving average is $3.21. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a one year low of $1.53 and a one year high of $7.52.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $54.08 million during the quarter, compared to analyst estimates of $54.94 million. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) earnings per share. As a group, equities analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. B. Riley reiterated a "buy" rating on shares of indie Semiconductor in a report on Thursday, April 24th. Craig Hallum lowered their target price on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. KeyCorp lowered their target price on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Finally, Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of indie Semiconductor in a report on Wednesday. One investment 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 an average price target of $5.75.
Check Out Our Latest Stock Report on indie Semiconductor
Insider Activity at indie Semiconductor
In other indie Semiconductor news, COO Michael Wittmann sold 13,725 shares of the stock in a transaction dated Monday, June 2nd. The shares were 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 8.20% of the stock is owned by company insiders.
About indie Semiconductor
(
Free Report)
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.
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