Squarepoint Ops LLC bought a new position in indie Semiconductor, Inc. (NASDAQ:INDI – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 347,083 shares of the company’s stock, valued at approximately $2,142,000.
A number of other institutional investors and hedge funds have also bought and sold shares of INDI. Marshall Wace LLP boosted its stake in shares of indie Semiconductor by 510.4% in the 2nd quarter. Marshall Wace LLP now owns 167,100 shares of the company’s stock valued at $1,031,000 after purchasing an additional 139,723 shares in the last quarter. Xponance Inc. purchased a new stake in indie Semiconductor during the second quarter valued at about $63,000. Sei Investments Co. boosted its position in indie Semiconductor by 72.3% during the second quarter. Sei Investments Co. now owns 215,128 shares of the company’s stock valued at $1,327,000 after buying an additional 90,266 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of indie Semiconductor by 14.8% during the second quarter. Mutual of America Capital Management LLC now owns 486,252 shares of the company’s stock valued at $3,000,000 after buying an additional 62,770 shares during the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of indie Semiconductor by 93.5% in the second quarter. Primecap Management Co. CA now owns 15,779,119 shares of the company’s stock worth $97,357,000 after buying an additional 7,624,797 shares during the period. 67.73% of the stock is currently owned by institutional investors.
indie Semiconductor Price Performance
INDI opened at $3.84 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.20 and a current ratio of 2.66. The stock has a market capitalization of $717.17 million, a PE ratio of -7.84 and a beta of 1.20. The stock’s 50 day moving average price is $4.25 and its 200-day moving average price is $5.65. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $8.69.
Insider Buying and Selling
In other indie Semiconductor news, CFO Thomas Schiller sold 75,000 shares of indie Semiconductor 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 of the company’s stock, valued at approximately $3,742,645.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.20% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms recently issued reports on INDI. Benchmark restated a “buy” rating and set a $12.00 price target on shares of indie Semiconductor in a research report on Tuesday, September 10th. Roth Mkm cut 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 lowered their price target on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, August 9th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $10.50.
Check Out Our Latest Stock Analysis on INDI
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.
Read More
- Five stocks we like better than indie Semiconductor
- Investing In Preferred Stock vs. Common Stock
- When Is the Best Time to Invest in Mutual Funds?
- 3 Small Caps With Big Return Potential
- Is NVIDIA Stock in a Correction or Consolidation?
- What Are Some of the Best Large-Cap Stocks to Buy?
- 3 Oversold Stocks with Big RSI Rebound Potential
Want to see what other hedge funds are holding INDI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for indie Semiconductor, Inc. (NASDAQ:INDI – Free Report).
Receive News & Ratings for indie Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for indie Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.