RBF Capital LLC Grows Stock Position in indie Semiconductor, Inc. (NASDAQ:INDI)

RBF Capital LLC grew its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) by 3,137.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 825,500 shares of the company's stock after acquiring an additional 800,000 shares during the quarter. RBF Capital LLC owned about 0.41% of indie Semiconductor worth $3,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC lifted its position in indie Semiconductor by 330.7% during the 3rd quarter. Barclays PLC now owns 256,799 shares of the company's stock worth $1,026,000 after acquiring an additional 197,179 shares during the period. Geode Capital Management LLC lifted its holdings in shares of indie Semiconductor by 7.5% during the third quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company's stock worth $15,739,000 after purchasing an additional 276,739 shares during the period. Virtu Financial LLC acquired a new stake in shares of indie Semiconductor during the third quarter worth about $58,000. American Trust increased its holdings in indie Semiconductor by 28.2% in 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, 272 Capital LP purchased a new position in indie Semiconductor during the 3rd quarter worth approximately $511,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on INDI. KeyCorp reduced their target price on shares of indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Friday, February 21st. UBS Group initiated coverage on indie Semiconductor in a research note on Friday, January 24th. They set a "neutral" rating and a $4.50 price objective for the company. Finally, Benchmark restated a "buy" rating and issued a $8.00 target price on shares of indie Semiconductor in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.50.

Insider Buying and Selling

In other indie Semiconductor news, COO Michael Wittmann sold 13,570 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $2.90, for a total transaction of $39,353.00. Following the transaction, the chief operating officer now owns 67,012 shares of the company's stock, valued at approximately $194,334.80. The trade was a 16.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Donald Mcclymont sold 65,754 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $190,686.60. Following the transaction, the chief executive officer now directly owns 246,535 shares in the company, valued at approximately $714,951.50. The trade was a 21.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,277 shares of company stock worth $434,192. 8.20% of the stock is owned by corporate insiders.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $1.85 on Wednesday. The stock has a market capitalization of $373.54 million, a price-to-earnings ratio of -2.43 and a beta of 1.84. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $7.82. The stock has a 50-day moving average of $2.49 and a 200 day moving average of $3.58. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its quarterly 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 company had revenue of $58.01 million during the quarter, compared to analysts' expectations of $58.20 million. Sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

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.

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