853,529 Shares in indie Semiconductor, Inc. (NASDAQ:INDI) Acquired by Harber Asset Management LLC

Harber Asset Management LLC bought a new stake in indie Semiconductor, Inc. (NASDAQ:INDI) during the third quarter, HoldingsChannel reports. The institutional investor bought 853,529 shares of the company’s stock, valued at approximately $3,406,000. indie Semiconductor accounts for 1.0% of Harber Asset Management LLC’s holdings, making the stock its 29th biggest holding.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of 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. Xponance Inc. acquired a new position in indie Semiconductor during the 2nd quarter worth approximately $63,000. Legato Capital Management LLC purchased a new stake in shares of indie Semiconductor in the 2nd quarter valued at approximately $76,000. SlateStone Wealth LLC acquired a new stake in shares of indie Semiconductor in the 2nd quarter valued at $82,000. Finally, Algert Global LLC purchased a new stake in shares of indie Semiconductor during the 2nd quarter worth $97,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total value of $942,000.00. Following the completion of the transaction, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at approximately $86,433.21. This trade represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

INDI has been the topic of a number of analyst reports. Roth Mkm cut their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Benchmark cut their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, August 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, indie Semiconductor has a consensus rating of “Buy” and a consensus target price of $8.92.

indie Semiconductor Stock Up 1.0 %

Shares of NASDAQ INDI opened at $5.28 on Tuesday. The business has a 50-day moving average price of $4.03 and a 200 day moving average price of $5.03. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $8.69. 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 stock has a market cap of $1.07 billion, a PE ratio of -7.88 and a beta of 1.36.

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.