Charles Schwab Investment Management Inc. Grows Position in indie Semiconductor, Inc. (NASDAQ:INDI)

Charles Schwab Investment Management Inc. boosted its holdings in indie Semiconductor, Inc. (NASDAQ:INDI) by 10.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,318,300 shares of the company’s stock after acquiring an additional 120,071 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in indie Semiconductor were worth $5,260,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Xponance Inc. acquired a new stake in indie Semiconductor in the second quarter valued at $63,000. Creative Planning acquired a new stake in shares of indie Semiconductor during the third quarter valued at $75,000. Legato Capital Management LLC acquired a new stake in shares of indie Semiconductor during the second quarter valued at $76,000. SlateStone Wealth LLC acquired a new stake in shares of indie Semiconductor during the second quarter valued at $82,000. Finally, Algert Global LLC acquired a new stake in shares of indie Semiconductor during the second quarter valued at $97,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity at indie Semiconductor

In other news, CEO Donald Mcclymont sold 200,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $4.71, for a total value of $942,000.00. Following the sale, the chief executive officer now owns 18,351 shares of the company’s stock, valued at approximately $86,433.21. The trade was a 91.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.20% of the company’s stock.

indie Semiconductor Price Performance

Shares of INDI opened at $4.45 on Friday. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.69. The firm has a market cap of $898.53 million, a price-to-earnings ratio of -6.64 and a beta of 1.36. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $4.11 and a 200-day moving average of $4.93.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark decreased their price objective on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Roth Mkm decreased 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. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, indie Semiconductor currently has a consensus rating of “Buy” and an average price target of $8.92.

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.