Commonwealth Equity Services LLC Has $461,000 Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Commonwealth Equity Services LLC lessened its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 7.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 74,734 shares of the company’s stock after selling 5,904 shares during the quarter. Commonwealth Equity Services LLC’s holdings in indie Semiconductor were worth $461,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Granahan Investment Management LLC raised its stake in indie Semiconductor by 63.3% in the 4th 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 in the last quarter. Bamco Inc. NY raised its stake in indie Semiconductor by 28.0% in the 1st quarter. Bamco Inc. NY now owns 14,285,896 shares of the company’s stock worth $101,144,000 after purchasing an additional 3,121,255 shares in the last quarter. Intrinsic Edge Capital Management LLC raised its stake in indie Semiconductor by 132.5% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 2,893,484 shares of the company’s stock worth $23,466,000 after purchasing an additional 1,648,818 shares in the last quarter. UBS Group AG increased its holdings in indie Semiconductor by 4,346.7% in the 4th quarter. UBS Group AG now owns 1,484,697 shares of the company’s stock valued at $12,041,000 after buying an additional 1,451,308 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in 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 buying an additional 902,530 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity at indie Semiconductor

In related news, President Ichiro Aoki sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $6.14, for a total transaction of $307,000.00. Following the sale, the president now directly owns 36,631 shares of the company’s stock, valued at approximately $224,914.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other indie Semiconductor news, President Ichiro Aoki sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $6.14, for a total transaction of $307,000.00. Following the sale, the president now directly owns 36,631 shares of the company’s stock, valued at approximately $224,914.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas Schiller sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total transaction of $287,250.00. Following the sale, the chief financial officer now directly owns 977,192 shares in the company, valued at $3,742,645.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,260 shares of company stock valued at $618,514. 8.20% of the stock is owned by insiders.

indie Semiconductor Trading Down 5.5 %

Shares of indie Semiconductor stock opened at $3.63 on Friday. The firm has a market capitalization of $677.95 million, a PE ratio of -7.41 and a beta of 1.20. The company has a current ratio of 2.66, a quick ratio of 2.20 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $4.70 and its 200 day moving average is $5.81. indie Semiconductor, Inc. has a 1 year low of $3.16 and a 1 year high of $8.69.

indie Semiconductor (NASDAQ:INDI) last announced 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 company had revenue of $52.40 million for the quarter, compared to analyst estimates of $53.61 million. indie Semiconductor had a negative net margin of 34.65% and a negative return on equity of 22.48%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) EPS. Equities research analysts forecast that indie Semiconductor, Inc. will post -0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.