Charles Schwab Investment Management Inc. Increases Position in indie Semiconductor, Inc. (NASDAQ:INDI)

Charles Schwab Investment Management Inc. increased its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,318,300 shares of the company's stock after buying an additional 120,071 shares during the period. Charles Schwab Investment Management Inc. owned about 0.67% of indie Semiconductor worth $5,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Effects LLC lifted its holdings in indie Semiconductor by 2.8% during the second quarter. Wealth Effects LLC now owns 170,700 shares of the company's stock valued at $1,053,000 after purchasing an additional 4,600 shares in the last quarter. Tempus Wealth Planning LLC boosted its holdings in indie Semiconductor by 30.6% in the 2nd quarter. Tempus Wealth Planning LLC now owns 22,353 shares of the company's stock worth $138,000 after buying an additional 5,238 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in indie Semiconductor by 14.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company's stock worth $306,000 after buying an additional 5,394 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of indie Semiconductor by 16.1% during the second quarter. Arizona State Retirement System now owns 43,756 shares of the company's stock valued at $270,000 after acquiring an additional 6,075 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of indie Semiconductor by 11.8% in the second quarter. The Manufacturers Life Insurance Company now owns 62,769 shares of the company's stock worth $387,000 after acquiring an additional 6,608 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

indie Semiconductor Trading Down 2.0 %

Shares of indie Semiconductor stock traded down $0.09 during trading hours on Friday, hitting $4.36. The company's stock had a trading volume of 1,450,597 shares, compared to its average volume of 3,246,186. The firm has a fifty day moving average of $4.11 and a 200-day moving average of $4.93. 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 twelve month low of $3.16 and a twelve month high of $8.69.

Insiders Place Their Bets

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the business's stock in a transaction on 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 owns 18,351 shares in the company, valued at $86,433.21. The trade was a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

About indie Semiconductor

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.