RBF Capital LLC Increases Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

RBF Capital LLC lifted its stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 3,137.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 825,500 shares of the company's stock after purchasing an additional 800,000 shares during the period. RBF Capital LLC owned 0.41% of indie Semiconductor worth $3,397,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of INDI. Geode Capital Management LLC grew its holdings in shares of indie Semiconductor by 7.5% during the third quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company's stock valued at $15,739,000 after buying an additional 276,739 shares during the last quarter. Barclays PLC lifted its position in shares of indie Semiconductor by 330.7% during the 3rd quarter. Barclays PLC now owns 256,799 shares of the company's stock valued at $1,026,000 after buying an additional 197,179 shares in the last quarter. Elemental Capital Partners LLC purchased a new stake in indie Semiconductor in the 4th quarter worth approximately $14,272,000. 272 Capital LP bought a new stake in indie Semiconductor during the third quarter valued at about $511,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in indie Semiconductor by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,431,093 shares of the company's stock valued at $5,796,000 after buying an additional 112,793 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at indie Semiconductor

In other news, COO Michael Wittmann sold 13,570 shares of indie Semiconductor stock in a transaction on Friday, March 7th. The shares were sold at an average price of $2.90, for a total value of $39,353.00. Following the transaction, the chief operating officer now directly owns 67,012 shares of the company's stock, valued at $194,334.80. The trade was a 16.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Donald Mcclymont sold 65,754 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $2.90, for a total transaction of $190,686.60. Following the sale, the chief executive officer now owns 246,535 shares of the company's stock, valued at approximately $714,951.50. This represents a 21.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,277 shares of company stock worth $434,192. Insiders own 8.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on INDI shares. KeyCorp dropped their price target on indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Benchmark reiterated a "buy" rating and issued a $8.00 target price on shares of indie Semiconductor in a research note on Wednesday, April 9th. UBS Group started coverage on shares of indie Semiconductor in a report on Friday, January 24th. They issued a "neutral" rating and a $4.50 price target on the stock. Finally, B. Riley reiterated a "buy" rating on shares of indie Semiconductor in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $7.50.

indie Semiconductor Stock Performance

Shares of INDI stock traded down $0.05 on Monday, hitting $1.96. The company had a trading volume of 567,892 shares, compared to its average volume of 3,688,996. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The firm has a market cap of $407.61 million, a P/E ratio of -2.57 and a beta of 1.84. The company has a 50-day moving average price of $2.38 and a 200-day moving average price of $3.54. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $7.82.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The firm had revenue of $58.01 million during the quarter, compared to analysts' expectations of $58.20 million. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. As a group, equities research analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

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.