18,818 Shares in indie Semiconductor, Inc. (NASDAQ:INDI) Acquired by Creative Planning

Creative Planning acquired a new stake in indie Semiconductor, Inc. (NASDAQ:INDI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,818 shares of the company’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of INDI. Primecap Management Co. CA raised 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 valued at $97,357,000 after buying an additional 7,624,797 shares during the last quarter. Bamco Inc. NY increased its position in indie Semiconductor by 28.0% in the 1st quarter. Bamco Inc. NY now owns 14,285,896 shares of the company’s stock valued at $101,144,000 after acquiring an additional 3,121,255 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of indie Semiconductor by 3.2% in the first quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company’s stock worth $75,047,000 after acquiring an additional 332,500 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of indie Semiconductor by 2.3% during the first quarter. Clearbridge Investments LLC now owns 1,649,907 shares of the company’s stock worth $11,681,000 after purchasing an additional 37,236 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of indie Semiconductor by 61.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,127,024 shares of the company’s stock valued at $6,954,000 after purchasing an additional 427,372 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

indie Semiconductor Stock Down 6.5 %

Shares of indie Semiconductor stock opened at $4.75 on Wednesday. indie Semiconductor, Inc. has a 12 month low of $3.16 and a 12 month high of $8.69. The business has a fifty day simple moving average of $3.71 and a 200 day simple moving average of $5.14. The company has a quick ratio of 2.20, a current ratio of 2.66 and a debt-to-equity ratio of 0.31. The stock has a market cap of $937.73 million, a PE ratio of -7.09 and a beta of 1.22.

Insider Activity

In other indie Semiconductor news, CFO Thomas Schiller sold 75,000 shares of indie Semiconductor stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total transaction of $287,250.00. Following the transaction, the chief financial officer now directly owns 977,192 shares in the company, valued at approximately $3,742,645.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark dropped their price objective on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Roth Mkm cut their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, indie Semiconductor currently has a consensus rating of “Buy” and an average target price of $9.79.

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.