indie Semiconductor, Inc. (NASDAQ:INDI) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its holdings in indie Semiconductor, Inc. (NASDAQ:INDI) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,897 shares of the company’s stock after buying an additional 2,700 shares during the period. Raymond James & Associates owned about 0.06% of indie Semiconductor worth $843,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Tempus Wealth Planning LLC acquired a new stake in shares of indie Semiconductor during the 3rd quarter worth about $72,000. Spouting Rock Asset Management LLC acquired a new stake in indie Semiconductor during the third quarter worth approximately $89,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of indie Semiconductor by 55.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 14,202 shares of the company’s stock worth $90,000 after buying an additional 5,067 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of indie Semiconductor by 20.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 15,537 shares of the company’s stock valued at $98,000 after buying an additional 2,680 shares during the last quarter. Finally, Penbrook Management LLC acquired a new stake in indie Semiconductor during the 4th quarter worth $154,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 8,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.95, for a total transaction of $60,465.00. Following the transaction, the chief operating officer now owns 35,460 shares in the company, valued at approximately $246,447. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Ichiro Aoki sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $6.77, for a total transaction of $338,500.00. Following the sale, the president now owns 31,208 shares of the company’s stock, valued at $211,278.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael Wittmann sold 8,700 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.95, for a total transaction of $60,465.00. Following the completion of the transaction, the chief operating officer now directly owns 35,460 shares of the company’s stock, valued at $246,447. The disclosure for this sale can be found here. Insiders sold a total of 111,491 shares of company stock worth $730,936 over the last 90 days. Company insiders own 9.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. KeyCorp decreased their price objective on shares of indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Craig Hallum cut their price target on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $13.50.

indie Semiconductor Trading Down 4.7 %

Shares of INDI stock opened at $5.11 on Tuesday. indie Semiconductor, Inc. has a twelve month low of $4.67 and a twelve month high of $10.85. The company has a current ratio of 1.96, a quick ratio of 1.72 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $6.55 and its two-hundred day moving average is $6.66. The company has a market capitalization of $936.25 million, a P/E ratio of -6.01 and a beta of 1.15.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. indie Semiconductor had a negative net margin of 52.46% and a negative return on equity of 15.84%. The company had revenue of $70.13 million for the quarter, compared to analysts’ expectations of $72.69 million. Equities analysts forecast that indie Semiconductor, Inc. will post -0.42 EPS for the current 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.