562,735 Shares in indie Semiconductor, Inc. (NASDAQ:INDI) Purchased by Boston Partners

Boston Partners purchased a new position in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 562,735 shares of the company's stock, valued at approximately $2,279,000. Boston Partners owned approximately 0.28% of indie Semiconductor as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of indie Semiconductor by 1.8% during the fourth quarter. Rhumbline Advisers now owns 239,090 shares of the company's stock valued at $968,000 after purchasing an additional 4,156 shares during the last quarter. Arizona State Retirement System boosted its position in shares of indie Semiconductor by 13.0% during the fourth quarter. Arizona State Retirement System now owns 51,961 shares of the company's stock worth $210,000 after purchasing an additional 5,960 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in indie Semiconductor by 74.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company's stock worth $60,000 after buying an additional 6,363 shares during the period. American Trust raised its stake in indie Semiconductor by 28.2% during the 3rd quarter. American Trust now owns 28,976 shares of the company's stock worth $116,000 after buying an additional 6,375 shares during the period. Finally, Legato Capital Management LLC lifted its holdings in indie Semiconductor by 47.9% during the fourth quarter. Legato Capital Management LLC now owns 20,285 shares of the company's stock worth $82,000 after acquiring an additional 6,570 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

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Insider Activity at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 10,875 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $2.81, for a total value of $30,558.75. Following the completion of the sale, the chief operating officer now owns 77,887 shares in the company, valued at $218,862.47. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Donald Mcclymont sold 65,754 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $2.90, for a total transaction of $190,686.60. Following the transaction, the chief executive officer now owns 246,535 shares in the company, valued at $714,951.50. This represents a 21.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,414 shares of company stock valued at $456,699. 8.20% of the stock is owned by insiders.

indie Semiconductor Stock Down 3.1 %

NASDAQ INDI traded down $0.07 during trading on Wednesday, hitting $2.16. The stock had a trading volume of 2,486,827 shares, compared to its average volume of 4,209,340. indie Semiconductor, Inc. has a 12 month low of $2.12 and a 12 month high of $7.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. The company's 50-day moving average price is $3.48 and its two-hundred day moving average price is $3.86. The company has a market capitalization of $436.14 million, a PE ratio of -2.84 and a beta of 1.54.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. The business had revenue of $58.01 million for the quarter, compared to analyst estimates of $58.20 million. As a group, sell-side analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Benchmark cut their price objective on indie Semiconductor from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, February 21st. KeyCorp cut their price target on shares of indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Finally, UBS Group started coverage on shares of indie Semiconductor in a research report on Friday, January 24th. They set a "neutral" rating and a $4.50 price objective for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.50.

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.