indie Semiconductor, Inc. (NASDAQ:INDI) Holdings Trimmed by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC cut its holdings in indie Semiconductor, Inc. (NASDAQ:INDI) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,323 shares of the company’s stock after selling 3,796 shares during the quarter. Bouvel Investment Partners LLC’s holdings in indie Semiconductor were worth $738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in shares of indie Semiconductor by 25.2% in the 2nd quarter. Rhumbline Advisers now owns 242,841 shares of the company’s stock worth $1,498,000 after purchasing an additional 48,876 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of indie Semiconductor by 61.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,127,024 shares of the company’s stock valued at $6,954,000 after buying an additional 427,372 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of indie Semiconductor by 14.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 486,252 shares of the company’s stock valued at $3,000,000 after acquiring an additional 62,770 shares during the last quarter. Sei Investments Co. lifted its position in shares of indie Semiconductor by 72.3% during the 2nd quarter. Sei Investments Co. now owns 215,128 shares of the company’s stock valued at $1,327,000 after acquiring an additional 90,266 shares during the last quarter. Finally, Xponance Inc. bought a new stake in shares of indie Semiconductor during the 2nd quarter worth $63,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other indie Semiconductor news, COO Michael Wittmann sold 18,375 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $4.10, for a total value of $75,337.50. Following the completion of the sale, the chief operating officer now owns 28,860 shares in the company, valued at $118,326. This represents a 38.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald Mcclymont sold 200,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00. Following the transaction, the chief executive officer now owns 18,351 shares in the company, valued at approximately $86,433.21. This represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 276,593 shares of company stock worth $1,272,291. 8.20% of the stock is owned by company insiders.

indie Semiconductor Stock Down 2.0 %

NASDAQ:INDI opened at $4.31 on Friday. The business’s fifty day moving average price is $4.44 and its 200 day moving average price is $4.48. The firm has a market capitalization of $870.28 million, a price-to-earnings ratio of -6.43 and a beta of 1.41. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 1-year low of $3.16 and a 1-year high of $7.82.

Wall Street Analysts Forecast Growth

INDI has been the subject of several analyst reports. Benchmark reduced their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Roth Mkm reduced their price objective on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Six analysts have rated the stock with a buy rating, According to MarketBeat, indie Semiconductor currently has an average rating of “Buy” and a consensus 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.