272 Capital LP Takes $511,000 Position in indie Semiconductor, Inc. (NASDAQ:INDI)

272 Capital LP purchased a new stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 128,021 shares of the company's stock, valued at approximately $511,000. 272 Capital LP owned approximately 0.06% of indie Semiconductor at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Primecap Management Co. CA grew its holdings in indie Semiconductor by 61.4% in the 3rd quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company's stock valued at $101,619,000 after buying an additional 9,689,326 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of indie Semiconductor by 290.6% in the third quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company's stock valued at $12,752,000 after purchasing an additional 2,377,612 shares during the period. Artemis Investment Management LLP purchased a new stake in shares of indie Semiconductor in the third quarter valued at about $4,478,000. Harber Asset Management LLC acquired a new stake in indie Semiconductor during the third quarter worth about $3,406,000. Finally, General American Investors Co. Inc. raised its stake in indie Semiconductor by 46.5% during the third quarter. General American Investors Co. Inc. now owns 1,347,393 shares of the company's stock worth $5,376,000 after purchasing an additional 427,928 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock traded down $0.02 on Friday, reaching $4.43. The company had a trading volume of 2,651,898 shares, compared to its average volume of 3,251,483. The firm's 50 day moving average price is $4.11 and its two-hundred day moving average price is $4.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $8.69.

Analysts Set New Price Targets

Several research firms have recently weighed in on INDI. Benchmark dropped their price target on shares of indie Semiconductor from $12.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Roth Mkm lowered their price objective on indie Semiconductor from $7.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $8.92.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00. Following the sale, the chief executive officer now directly owns 18,351 shares in the company, valued at $86,433.21. This represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is owned by corporate 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.