Two Sigma Investments LP Invests $386,000 in indie Semiconductor, Inc. (NASDAQ:INDI)

Two Sigma Investments LP acquired a new stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) during the 4th quarter, according to the company in its most recent 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.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI grew its position in indie Semiconductor by 42.7% in the 4th 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 in the last quarter. ArrowMark Colorado Holdings LLC bought a new position in shares of indie Semiconductor in the fourth quarter worth $55,000. Regal Investment Advisors LLC lifted its position in indie Semiconductor by 39.2% during the fourth 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 last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of indie Semiconductor by 74.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company's stock worth $60,000 after purchasing an additional 6,363 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in indie Semiconductor in the 4th quarter worth $62,000. 67.73% of the stock is currently owned by institutional investors.

indie Semiconductor Trading Down 7.8%

Shares of NASDAQ:INDI traded down $0.27 on Friday, hitting $3.19. 4,032,696 shares of the company's stock were exchanged, compared to its average volume of 3,760,231. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $7.45. The business's 50 day simple moving average is $2.37 and its two-hundred day simple moving average is $3.20. The stock has a market capitalization of $677.92 million, a price-to-earnings ratio of -4.20 and a beta of 2.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $54.08 million during the quarter, compared to analysts' expectations of $54.94 million. indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) EPS. Analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other indie Semiconductor news, COO Michael Wittmann sold 13,725 shares of the business's 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 completion of the transaction, the chief operating officer now directly owns 101,662 shares in the company, valued at approximately $263,304.58. The trade was a 11.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INDI. KeyCorp cut their target price on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Craig Hallum reduced their price target on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. B. Riley restated a "buy" rating on shares of indie Semiconductor in a research note on Thursday, April 24th. Finally, Benchmark reissued a "buy" rating and set a $6.00 price objective on shares of indie Semiconductor in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.