Charles Schwab Investment Management Inc. Has $5.80 Million Stock Position in indie Semiconductor, Inc. (NASDAQ:INDI)

Charles Schwab Investment Management Inc. increased its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,431,093 shares of the company's stock after buying an additional 112,793 shares during the period. Charles Schwab Investment Management Inc. owned 0.71% of indie Semiconductor worth $5,796,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INDI. Advisors Asset Management Inc. raised its position in indie Semiconductor by 115.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,392 shares of the company's stock worth $241,000 after purchasing an additional 32,353 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of indie Semiconductor during the third quarter valued at $143,000. Truvestments Capital LLC boosted its holdings in indie Semiconductor by 15.6% in the third quarter. Truvestments Capital LLC now owns 56,456 shares of the company's stock valued at $225,000 after acquiring an additional 7,601 shares during the last quarter. 272 Capital LP acquired a new stake in indie Semiconductor in the third quarter worth about $174,000. Finally, Bamco Inc. NY lifted its position in indie Semiconductor by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 15,240,606 shares of the company's stock valued at $60,810,000 after purchasing an additional 89,181 shares during the period. 67.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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indie Semiconductor Trading Down 6.6 %

INDI stock traded down $0.15 during midday trading on Friday, hitting $2.11. 5,302,929 shares of the company's stock were exchanged, compared to its average volume of 3,687,467. 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 stock's fifty day moving average price is $3.39 and its 200-day moving average price is $3.84. indie Semiconductor, Inc. has a one year low of $2.04 and a one year high of $7.82. The company has a market cap of $426.04 million, a PE ratio of -2.78 and a beta of 1.54.

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

Insider Transactions at indie Semiconductor

In related news, CEO Donald Mcclymont sold 65,754 shares of indie Semiconductor stock in a transaction dated 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 owns 246,535 shares of the company's stock, valued at approximately $714,951.50. The trade was a 21.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Wittmann sold 10,875 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 77,887 shares of the company's stock, valued at $218,862.47. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,414 shares of company stock valued at $456,699 over the last 90 days. 8.20% of the stock is owned by corporate insiders.

indie Semiconductor Company 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.