indie Semiconductor, Inc. (NASDAQ:INDI) Shares Purchased by General American Investors Co. Inc.

General American Investors Co. Inc. lifted its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 32.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 919,465 shares of the company’s stock after purchasing an additional 224,570 shares during the period. General American Investors Co. Inc. owned 0.49% of indie Semiconductor worth $5,673,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in INDI. GAMMA Investing LLC lifted its position in indie Semiconductor by 1,743.8% during the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after buying an additional 3,906 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of indie Semiconductor by 40.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after acquiring an additional 2,000 shares during the period. Financial Management Professionals Inc. acquired a new position in shares of indie Semiconductor during the 1st quarter valued at about $53,000. Psagot Value Holdings Ltd. Israel grew its holdings in shares of indie Semiconductor by 24.2% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock valued at $69,000 after purchasing an additional 1,610 shares during the period. Finally, Quent Capital LLC increased its position in indie Semiconductor by 66.7% during the first quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $71,000 after purchasing an additional 4,000 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock opened at $3.51 on Friday. The firm has a market capitalization of $692.94 million, a P/E ratio of -7.16 and a beta of 1.20. The company has a quick ratio of 2.20, a current ratio of 2.66 and a debt-to-equity ratio of 0.31. indie Semiconductor, Inc. has a 52 week low of $3.50 and a 52 week high of $8.69. The firm’s 50 day moving average is $5.23 and its two-hundred day moving average is $6.01.

indie Semiconductor (NASDAQ:INDI) last posted its earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $52.40 million for the quarter, compared to analysts’ expectations of $53.61 million. indie Semiconductor had a negative return on equity of 22.48% and a negative net margin of 34.65%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. Research analysts forecast that indie Semiconductor, Inc. will post -0.7 EPS for the current fiscal year.

Analyst Ratings Changes

INDI has been the topic of several recent analyst reports. KeyCorp decreased their target price on shares of indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. B. Riley restated a “buy” rating and issued a $13.50 target price (down previously from $14.50) on shares of indie Semiconductor in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft cut their price objective on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Roth Mkm lowered their target price on shares of indie Semiconductor from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $11.21.

Insider Activity

In related news, President Ichiro Aoki sold 75,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $7.09, for a total value of $531,750.00. Following the completion of the sale, the president now owns 36,631 shares in the company, valued at approximately $259,713.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, President Ichiro Aoki sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $7.09, for a total value of $531,750.00. Following the transaction, the president now owns 36,631 shares of the company’s stock, valued at $259,713.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sonalee Elizabeth Parekh sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $7.58, for a total value of $75,800.00. Following the sale, the director now owns 75,185 shares of the company’s stock, valued at approximately $569,902.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,882 shares of company stock valued at $2,193,120. 8.20% of the stock is currently owned by company insiders.

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.