1,456,855 Shares in indie Semiconductor, Inc. (NASDAQ:INDI) Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of indie Semiconductor, Inc. (NASDAQ:INDIGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,456,855 shares of the company’s stock, valued at approximately $11,378,000. Mirae Asset Global Investments Co. Ltd. owned 0.97% of indie Semiconductor at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INDI. Wolverine Asset Management LLC increased its stake in indie Semiconductor by 72.5% during the 1st quarter. Wolverine Asset Management LLC now owns 9,820 shares of the company’s stock worth $76,000 after buying an additional 4,127 shares during the period. Ensign Peak Advisors Inc acquired a new position in indie Semiconductor during the 1st quarter worth $82,000. Royal Bank of Canada grew its holdings in indie Semiconductor by 17.7% during the 1st quarter. Royal Bank of Canada now owns 24,052 shares of the company’s stock worth $188,000 after acquiring an additional 3,615 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in indie Semiconductor by 21.2% during the 1st quarter. Bank of New York Mellon Corp now owns 24,418 shares of the company’s stock worth $191,000 after acquiring an additional 4,272 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in indie Semiconductor by 35.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 28,439 shares of the company’s stock worth $223,000 after acquiring an additional 7,508 shares in the last quarter. Hedge funds and other institutional investors own 34.35% of the company’s stock.

indie Semiconductor Trading Up 2.2 %

NASDAQ INDI opened at $8.41 on Tuesday. indie Semiconductor, Inc. has a one year low of $5.07 and a one year high of $16.33. The company has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $7.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.70 and a current ratio of 3.95. The firm has a market capitalization of $1.23 billion, a PE ratio of -7.93 and a beta of 0.62.

indie Semiconductor (NASDAQ:INDIGet Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. indie Semiconductor had a negative net margin of 124.21% and a negative return on equity of 23.08%. The business had revenue of $25.76 million during the quarter, compared to analyst estimates of $25.71 million. On average, equities analysts forecast that indie Semiconductor, Inc. will post -0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INDI has been the subject of several recent analyst reports. TheStreet raised shares of indie Semiconductor from a “d” rating to a “c-” rating in a report on Thursday, September 8th. B. Riley lowered shares of indie Semiconductor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $9.00 to $8.00 in a report on Wednesday, June 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of indie Semiconductor from $11.00 to $10.00 in a report on Wednesday, July 20th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.25.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, COO Steven Machuga sold 8,700 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $8.04, for a total transaction of $69,948.00. Following the completion of the transaction, the chief operating officer now directly owns 182,003 shares of the company’s stock, valued at approximately $1,463,304.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other indie Semiconductor news, COO Steven Machuga sold 8,700 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $8.04, for a total transaction of $69,948.00. Following the completion of the transaction, the chief operating officer now directly owns 182,003 shares of the company’s stock, valued at approximately $1,463,304.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas Schiller sold 50,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $7.97, for a total transaction of $398,500.00. Following the transaction, the chief financial officer now directly owns 1,603,779 shares of the company’s stock, valued at $12,782,118.63. The disclosure for this sale can be found here. Insiders sold 135,902 shares of company stock valued at $977,869 in the last ninety days. Company insiders own 14.30% of the company’s stock.

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.

See Also

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

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