1 week Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new position in shares of indie Semiconductor, Inc. ( NASDAQ:INDI – Free Report ) during the fourth quarter, HoldingsChannel reports. The firm acquired 43,800 shares of the company’s stock, valued at approximately $177,000.
Several other large investors also recently made changes to their positions in the stock. Artemis Investment Management LLP raised its position in indie Semiconductor by 482.7% during the fourth quarter.
Artemis Investment Management LLP now owns 6,539,694 shares of the company’s stock worth $26,486,000 after acquiring an additional 5,417,296 shares in the last quarter. Elemental Capital Partners LLC acquired a new position in shares of indie Semiconductor during the 4th quarter worth about $14,272,000. Primecap Management Co.
CA raised its holdings in shares of indie Semiconductor by 3.2% in the 4th quarter. Primecap Management Co.
CA now owns 26,287,766 shares of the company’s stock valued at $106,465,000 after purchasing an additional 819,321 shares during the period. Royce & Associates LP acquired a new stake in indie Semiconductor in the 4th quarter valued at about $2,491,000. Finally, Boston Partners bought a new position in indie Semiconductor during the fourth quarter worth about $2,279,000.
Institutional investors and hedge funds own 67.73% of the company’s stock. Analyst Upgrades and Downgrades INDI has been the topic of several research analyst reports.
UBS Group began coverage on indie Semiconductor in a research report on Friday, January 24th. They issued a “neutral” rating and a $4.50 price objective for the company.
KeyCorp cut their price target on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Friday, February 21st.
Finally, Benchmark decreased their price objective on shares of indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 21st.
One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, indie Semiconductor has an average rating of “Moderate Buy” and an average target price of $7.50.
indie Semiconductor Stock Performance NASDAQ:INDI opened at $1.66 on Wednesday. The stock has a 50 day simple moving average of $2.
96 and a 200 day simple moving average of $3.73. The stock has a market cap of $335.
18 million, a P/E ratio of -2.18 and a beta of 1.84.
indie Semiconductor, Inc. has a 1-year low of $1.53 and a 1-year high of $7.
82. 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 posted its quarterly earnings data on Thursday, February 20th.
The company reported ($0.15) earnings per share 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 the consensus estimate 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 anticipate that indie Semiconductor, Inc. will post -0.
54 earnings per share for the current year. Insiders Place Their Bets In other indie Semiconductor news, COO Michael Wittmann sold 10,875 shares of indie Semiconductor stock in a transaction on Monday, March 10th. The stock was sold at an average price of $2.
81, for a total value of $30,558.75. Following the completion of the transaction, the chief operating officer now directly owns 77,887 shares of the company’s stock, valued at $218,862.
47. The trade was a 12.25 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . 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 value of $190,686.60. Following the sale, the chief executive officer now directly owns 246,535 shares in the company, valued at approximately $714,951.
50. This trade represents a 21.06 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 146,277 shares of company stock worth $434,192 in the last quarter. 8.
20% of the stock is currently owned by corporate insiders. indie Semiconductor Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding INDI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for indie Semiconductor, Inc. ( NASDAQ:INDI – Free Report ). Receive News & Ratings for indie Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for indie Semiconductor and related companies with MarketBeat.
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