Dimensional Fund Advisors LP Purchases 427,372 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

Dimensional Fund Advisors LP boosted its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 61.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,127,024 shares of the company's stock after acquiring an additional 427,372 shares during the period. Dimensional Fund Advisors LP owned 0.60% of indie Semiconductor worth $6,954,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Granahan Investment Management LLC grew its stake in shares of indie Semiconductor by 63.3% during the fourth quarter. Granahan Investment Management LLC now owns 13,194,588 shares of the company's stock worth $107,008,000 after purchasing an additional 5,115,393 shares during the period. Bamco Inc. NY grew its position in shares of indie Semiconductor by 28.0% during the 1st quarter. Bamco Inc. NY now owns 14,285,896 shares of the company's stock worth $101,144,000 after buying an additional 3,121,255 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of indie Semiconductor by 40.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,138,449 shares of the company's stock valued at $25,453,000 after acquiring an additional 902,530 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of indie Semiconductor by 295.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 818,298 shares of the company's stock valued at $5,049,000 after acquiring an additional 611,441 shares during the period. Finally, Vanguard Group Inc. boosted its stake in indie Semiconductor by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company's stock worth $75,047,000 after acquiring an additional 332,500 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at indie Semiconductor

In related news, CFO Thomas Schiller sold 75,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total value of $287,250.00. Following the completion of the transaction, the chief financial officer now owns 977,192 shares of the company's stock, valued at approximately $3,742,645.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on INDI shares. Roth Mkm lowered their target price on shares of indie Semiconductor from $10.00 to $7.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of indie Semiconductor from $9.00 to $7.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Benchmark reaffirmed a "buy" rating and set a $12.00 price objective on shares of indie Semiconductor in a research note on Tuesday, September 10th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $10.50.

indie Semiconductor Stock Down 0.8 %

Shares of INDI stock traded down $0.03 during trading hours on Wednesday, hitting $3.71. 842,906 shares of the company were exchanged, compared to its average volume of 2,749,601. The company has a market capitalization of $732.43 million, a PE ratio of -7.57 and a beta of 1.20. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.69. The business has a 50 day moving average of $4.02 and a two-hundred day moving average of $5.56. The company has a current ratio of 2.66, a quick ratio of 2.20 and a debt-to-equity ratio of 0.31.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The firm had revenue of $52.40 million for the quarter, compared to the consensus estimate of $53.61 million. indie Semiconductor had a negative return on equity of 22.48% and a negative net margin of 34.65%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. Analysts anticipate that indie Semiconductor, Inc. will post -0.7 earnings per share for the current fiscal year.

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.