Emerald Advisers LLC Acquires 158,957 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

Emerald Advisers LLC lifted its holdings in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 139.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,929 shares of the company's stock after purchasing an additional 158,957 shares during the quarter. Emerald Advisers LLC owned 0.14% of indie Semiconductor worth $1,105,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of indie Semiconductor in the third quarter valued at approximately $58,000. Daiwa Securities Group Inc. boosted its position in indie Semiconductor by 74.6% during the fourth 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 period. Cibc World Markets Corp bought a new position in indie Semiconductor during the fourth quarter worth $62,000. FNY Investment Advisers LLC acquired a new position in shares of indie Semiconductor in the fourth quarter valued at $74,000. Finally, Legato Capital Management LLC raised its position in shares of 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 period. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INDI shares. KeyCorp decreased 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. UBS Group started coverage on indie Semiconductor in a research report on Friday, January 24th. They issued a "neutral" rating and a $4.50 target price on the stock. Finally, Benchmark dropped their price target on indie Semiconductor from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $7.50.

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Insider Activity at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 10,875 shares of the firm's stock in a transaction dated 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $3.12, for a total transaction of $156,000.00. Following the sale, the chief executive officer now directly owns 65,932 shares of the company's stock, valued at approximately $205,707.84. This trade represents a 43.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,414 shares of company stock valued at $456,699 over the last quarter. 8.20% of the stock is owned by corporate insiders.

indie Semiconductor Stock Performance

Shares of INDI traded down $0.15 during mid-day trading on Friday, hitting $2.11. 5,302,929 shares of the company's stock were exchanged, compared to its average volume of 3,689,157. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 52 week low of $2.03 and a 52 week high of $7.82. The stock's 50-day simple moving average is $3.35 and its 200-day simple moving average is $3.83. The firm has a market cap of $426.04 million, a price-to-earnings ratio of -2.78 and a beta of 1.54.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company 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%. On average, equities research analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

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.