indie Semiconductor, Inc. (NASDAQ:INDI) Shares Bought by Bamco Inc. NY

Bamco Inc. NY grew its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,240,606 shares of the company’s stock after acquiring an additional 89,181 shares during the period. Bamco Inc. NY owned about 0.08% of indie Semiconductor worth $60,810,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of INDI. General American Investors Co. Inc. increased its holdings in indie Semiconductor by 46.5% in the 3rd quarter. General American Investors Co. Inc. now owns 1,347,393 shares of the company’s stock worth $5,376,000 after acquiring an additional 427,928 shares in the last quarter. Vanguard Group Inc. grew its position 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 valued at $75,047,000 after purchasing an additional 332,500 shares during the period. Comerica Bank grew its position in shares of indie Semiconductor by 23,949.9% in the first quarter. Comerica Bank now owns 314,813 shares of the company’s stock valued at $2,229,000 after purchasing an additional 313,504 shares during the period. Artemis Investment Management LLP acquired a new position in shares of indie Semiconductor during the 3rd quarter worth about $4,478,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in indie Semiconductor by 14.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock valued at $306,000 after buying an additional 5,394 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

indie Semiconductor Price Performance

Shares of INDI opened at $5.28 on Tuesday. The stock has a fifty day simple moving average of $4.03 and a two-hundred day simple moving average of $5.03. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $8.69.

Analyst Upgrades and Downgrades

INDI has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Roth Mkm reduced their price objective on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Benchmark dropped their target price on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $8.92.

Insider Buying and Selling

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $4.71, for a total transaction of $942,000.00. Following the completion of the sale, the chief executive officer now owns 18,351 shares of the company’s stock, valued at $86,433.21. This trade represents a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.20% of the stock is owned by company insiders.

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.