indie Semiconductor, Inc. (NASDAQ:INDI) Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its position in shares of indie Semiconductor, Inc. (NASDAQ:INDIGet Rating) by 72.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,820 shares of the company’s stock after purchasing an additional 4,127 shares during the period. Wolverine Asset Management LLC’s holdings in indie Semiconductor were worth $76,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in INDI. Arizona State Retirement System purchased a new stake in indie Semiconductor during the 4th quarter worth $124,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of indie Semiconductor during the fourth quarter worth about $139,000. Seaview Investment Managers LLC purchased a new stake in shares of indie Semiconductor during the first quarter worth about $301,000. Insight Advisors LLC PA lifted its stake in shares of indie Semiconductor by 11.1% in the fourth quarter. Insight Advisors LLC PA now owns 30,595 shares of the company’s stock worth $367,000 after acquiring an additional 3,045 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in indie Semiconductor by 406.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 33,091 shares of the company’s stock valued at $395,000 after purchasing an additional 26,559 shares during the last quarter. 25.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Steven Machuga sold 8,700 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $5.90, for a total transaction of $51,330.00. Following the completion of the transaction, the chief operating officer now directly owns 173,328 shares of the company’s stock, valued at $1,022,635.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other indie Semiconductor news, COO Steven Machuga sold 8,700 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $5.90, for a total value of $51,330.00. Following the sale, the chief operating officer now directly owns 173,328 shares in the company, valued at $1,022,635.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas Schiller sold 50,000 shares of the company’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $6.22, for a total transaction of $311,000.00. Following the transaction, the chief financial officer now owns 1,653,779 shares of the company’s stock, valued at approximately $10,286,505.38. The disclosure for this sale can be found here. Insiders have sold 134,922 shares of company stock valued at $845,111 over the last quarter. Insiders own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on INDI shares. B. Riley lowered indie Semiconductor from a “buy” rating to a “neutral” rating and cut their target price for the company from $9.00 to $8.00 in a research report on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft cut their price target on shares of indie Semiconductor from $11.00 to $10.00 in a report on Wednesday, July 20th. Finally, Benchmark began coverage on shares of indie Semiconductor in a report on Friday, May 13th. They set a “buy” rating and a $17.00 price objective for the company.

indie Semiconductor Price Performance

Shares of INDI opened at $7.59 on Thursday. indie Semiconductor, Inc. has a 52 week low of $5.07 and a 52 week high of $16.33. The company has a current ratio of 3.98, a quick ratio of 3.79 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -7.91 and a beta of 0.72. The stock has a 50 day moving average of $6.64 and a 200-day moving average of $7.14.

indie Semiconductor (NASDAQ:INDIGet Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). indie Semiconductor had a negative net margin of 140.59% and a negative return on equity of 26.48%. The firm had revenue of $22.00 million during the quarter, compared to analyst estimates of $21.57 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The firm’s revenue for the quarter was up 171.6% compared to the same quarter last year. As a group, analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

indie Semiconductor Profile

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indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications. It offers devices for a multitude of automotive applications spanning ultrasound for parking assistance, in cabin wireless charging, infotainment and LED lighting for enhancing the user experience, and telematics and cloud access for connectivity; and photonic components on various technology platforms, including fiber bragg gratings, low noise lasers, athermal and tunable packaging, photonic integration, and low noise and high-speed electronics for the laser systems, optical sensing, and optical communication markets.

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Institutional Ownership by Quarter for indie Semiconductor (NASDAQ:INDI)

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