Emerald Advisers LLC Has $455,000 Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Emerald Advisers LLC decreased its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 95.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,972 shares of the company’s stock after selling 2,420,134 shares during the period. Emerald Advisers LLC owned about 0.06% of indie Semiconductor worth $455,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC raised its stake in shares of indie Semiconductor by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 27,071 shares of the company’s stock valued at $192,000 after buying an additional 2,131 shares in the last quarter. Principal Financial Group Inc. raised its position in indie Semiconductor by 15.3% in the first quarter. Principal Financial Group Inc. now owns 20,162 shares of the company’s stock worth $143,000 after purchasing an additional 2,674 shares in the last quarter. GAMMA Investing LLC lifted its stake in indie Semiconductor by 1,743.8% during the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after purchasing an additional 3,906 shares during the period. Quent Capital LLC boosted its holdings in indie Semiconductor by 66.7% during the first quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $71,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Wealth Effects LLC grew its stake in shares of indie Semiconductor by 2.8% in the 2nd quarter. Wealth Effects LLC now owns 170,700 shares of the company’s stock valued at $1,053,000 after purchasing an additional 4,600 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

indie Semiconductor Stock Performance

Shares of NASDAQ:INDI opened at $3.49 on Monday. The business has a fifty day moving average of $3.72 and a 200-day moving average of $5.20. 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, Inc. has a twelve month low of $3.16 and a twelve month high of $8.69. The firm has a market cap of $688.98 million, a PE ratio of -6.84 and a beta of 1.22.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). indie Semiconductor had a negative net margin of 34.65% and a negative return on equity of 22.48%. The firm had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $53.61 million. During the same quarter last year, the company posted ($0.11) EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts predict that indie Semiconductor, Inc. will post -0.7 EPS for the current fiscal year.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, CFO Thomas Schiller sold 75,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 977,192 shares of the company’s stock, valued at approximately $3,742,645.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on INDI shares. Roth Mkm cut their target price on indie Semiconductor from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Benchmark reissued a “buy” rating and set a $12.00 price objective on shares of indie Semiconductor in a report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft lowered 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, the stock currently has an average rating of “Buy” and a consensus 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.