1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS bought a new stake in indie Semiconductor, Inc. ( NASDAQ:INDI – Free Report ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 43,800 shares of the company’s stock, valued at approximately $177,000.
Several other hedge funds also recently modified their holdings of INDI. Rhumbline Advisers lifted its holdings in indie Semiconductor by 1.8% in the fourth quarter.
Rhumbline Advisers now owns 239,090 shares of the company’s stock valued at $968,000 after buying an additional 4,156 shares during the period. Arizona State Retirement System lifted its stake in shares of indie Semiconductor by 13.0% in the 4th quarter.
Arizona State Retirement System now owns 51,961 shares of the company’s stock valued at $210,000 after purchasing an additional 5,960 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of indie Semiconductor by 74.
6% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company’s stock worth $60,000 after purchasing an additional 6,363 shares during the last quarter.
American Trust grew its stake in shares of indie Semiconductor by 28.2% during the third quarter. American Trust now owns 28,976 shares of the company’s stock worth $116,000 after purchasing an additional 6,375 shares during the period.
Finally, Legato Capital Management LLC increased its holdings in indie Semiconductor by 47.9% in the fourth quarter. Legato Capital Management LLC now owns 20,285 shares of the company’s stock valued at $82,000 after purchasing an additional 6,570 shares during the last quarter.
Institutional investors own 67.73% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on the company.
Benchmark decreased their target price on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, February 21st.
UBS Group assumed coverage on shares of indie Semiconductor in a report on Friday, January 24th. They set a “neutral” rating and a $4.50 price objective for the company.
Finally, KeyCorp cut their target price on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Friday, February 21st.
One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, indie Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $7.50.
indie Semiconductor Stock Performance Shares of INDI stock opened at $1.66 on Wednesday. The company has a debt-to-equity ratio of 0.
32, a quick ratio of 1.87 and a current ratio of 2.39.
indie Semiconductor, Inc. has a 52 week low of $1.53 and a 52 week high of $7.
82. The company’s 50 day moving average price is $2.96 and its two-hundred day moving average price is $3.
73. The company has a market capitalization of $335.18 million, a P/E ratio of -2.
18 and a beta of 1.84. indie Semiconductor ( NASDAQ:INDI – Get Free Report ) last issued its quarterly earnings data on Thursday, February 20th.
The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.
08). The company had revenue of $58.01 million for the quarter, compared to analyst estimates of $58.
20 million. indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.
59%. On average, analysts expect that indie Semiconductor, Inc. will post -0.
54 earnings per share for the current fiscal year. Insider Buying and Selling at indie Semiconductor In other news, COO Michael Wittmann sold 13,570 shares of indie Semiconductor stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $2.
90, for a total value of $39,353.00. Following the sale, the chief operating officer now directly owns 67,012 shares in the company, valued at $194,334.
80. This trade represents a 16.84 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Donald Mcclymont sold 65,754 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $2.
90, for a total transaction of $190,686.60. Following the completion of the sale, the chief executive officer now directly owns 246,535 shares in the company, valued at approximately $714,951.
50. This represents a 21.06 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 146,277 shares of company stock valued at $434,192 in the last 90 days. 8.
20% of the stock is currently owned by company 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 Five stocks we like better than indie Semiconductor Consumer Discretionary Stocks Explained Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential 3 Monster Growth Stocks to Buy Now Qualcomm Breaks Down But RSI Signals It’s Severely Oversold Stock Ratings and Recommendations: Understanding Analyst Ratings Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy 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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