Tudor Investment Corp ET AL Purchases Shares of 1,491,441 indie Semiconductor, Inc. (NASDAQ:INDI)

Tudor Investment Corp ET AL acquired a new position in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,491,441 shares of the company's stock, valued at approximately $6,040,000. Tudor Investment Corp ET AL owned approximately 0.74% of indie Semiconductor as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Artemis Investment Management LLP increased its position in shares of indie Semiconductor by 482.7% in the 4th quarter. Artemis Investment Management LLP now owns 6,539,694 shares of the company's stock valued at $26,486,000 after purchasing an additional 5,417,296 shares during the last quarter. Elemental Capital Partners LLC purchased a new stake in indie Semiconductor during the 4th quarter worth about $14,272,000. Vanguard Group Inc. increased its holdings in shares of indie Semiconductor by 8.1% in the 4th quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company's stock valued at $50,970,000 after acquiring an additional 942,088 shares during the last quarter. Penn Capital Management Company LLC acquired a new stake in shares of indie Semiconductor during the 4th quarter worth about $3,575,000. Finally, Primecap Management Co. CA lifted its stake in indie Semiconductor by 3.2% during the fourth quarter. Primecap Management Co. CA now owns 26,287,766 shares of the company's stock worth $106,465,000 after purchasing an additional 819,321 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

indie Semiconductor Price Performance

Shares of INDI traded up $0.02 during trading hours on Tuesday, reaching $2.03. The company had a trading volume of 620,801 shares, compared to its average volume of 3,679,594. The company has a market capitalization of $422.20 million, a price-to-earnings ratio of -2.66 and a beta of 2.01. indie Semiconductor, Inc. has a 12-month low of $1.53 and a 12-month high of $7.82. The firm has a 50 day simple moving average of $2.19 and a 200-day simple moving average of $3.48. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32.

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

Insider Activity

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $3.12, for a total transaction of $156,000.00. Following the completion of the transaction, the chief executive officer now directly owns 65,932 shares in the company, valued at approximately $205,707.84. This trade represents a 43.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael Wittmann sold 13,570 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $39,353.00. Following the completion of the sale, the chief operating officer now owns 67,012 shares in the company, valued at $194,334.80. This represents a 16.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,277 shares of company stock worth $434,192 over the last 90 days. 8.20% of the stock is currently owned by corporate insiders.

About indie Semiconductor

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.