Dimensional Fund Advisors LP Grows Stake in indie Semiconductor, Inc. (NASDAQ:INDI)

Dimensional Fund Advisors LP boosted its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 61.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,127,024 shares of the company’s stock after purchasing an additional 427,372 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.60% of indie Semiconductor worth $6,954,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Frontier Capital Management Co. LLC grew its stake 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 acquiring an additional 902,530 shares during the last quarter. Granahan Investment Management LLC increased its stake in shares of indie Semiconductor by 63.3% during 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. MSD Partners L.P. acquired a new position in shares of indie Semiconductor during the 4th quarter worth approximately $173,000. B. Riley Wealth Advisors Inc. purchased a new stake in indie Semiconductor in the 4th quarter valued at approximately $151,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in indie Semiconductor by 40.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $56,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

In other indie Semiconductor news, CFO Thomas Schiller sold 75,000 shares of the company’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 value of $287,250.00. Following the completion of the transaction, the chief financial officer now owns 977,192 shares in the company, valued at $3,742,645.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.20% of the company’s stock.

indie Semiconductor Price Performance

INDI opened at $3.74 on Wednesday. indie Semiconductor, Inc. has a 1 year low of $3.16 and a 1 year high of $8.69. The company’s 50 day simple moving average is $4.11 and its 200 day simple moving average is $5.59. The stock has a market capitalization of $738.35 million, a PE ratio of -7.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.20 and a current ratio of 2.66.

indie Semiconductor (NASDAQ:INDI) last issued its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). indie Semiconductor had a negative return on equity of 22.48% and a negative net margin of 34.65%. The business had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $53.61 million. During the same quarter in the previous year, the business earned ($0.11) EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts expect that indie Semiconductor, Inc. will post -0.7 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on INDI. Deutsche Bank Aktiengesellschaft cut their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of indie Semiconductor in a research note on Tuesday, September 10th. Finally, Roth Mkm cut their price objective on shares of indie Semiconductor from $10.00 to $7.00 and set a “buy” rating for the company in a research 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 an average rating of “Buy” and an average price target of $10.50.

indie Semiconductor 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.