indie Semiconductor, Inc. (NASDAQ:INDI) Shares Acquired by General American Investors Co. Inc.

General American Investors Co. Inc. increased its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 32.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 919,465 shares of the company’s stock after acquiring an additional 224,570 shares during the period. General American Investors Co. Inc.’s holdings in indie Semiconductor were worth $5,673,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of indie Semiconductor by 1,743.8% in the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock valued at $25,000 after acquiring an additional 3,906 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in indie Semiconductor in the 1st quarter valued at about $53,000. Newbridge Financial Services Group Inc. boosted its stake in shares of indie Semiconductor by 40.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after purchasing an additional 2,000 shares during the last quarter. Psagot Value Holdings Ltd. Israel raised its position in shares of indie Semiconductor by 24.2% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock valued at $69,000 after buying an additional 1,610 shares during the last quarter. Finally, Quent Capital LLC grew its position 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 acquiring an additional 4,000 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on INDI shares. KeyCorp reduced their price objective on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Roth Mkm reduced their price target on shares of indie Semiconductor from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. B. Riley reissued a “buy” rating and issued a $13.50 price objective (down previously from $14.50) on shares of indie Semiconductor in a research report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft reduced 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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $11.21.

Insider Transactions at indie Semiconductor

In other news, President Ichiro Aoki sold 75,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $7.09, for a total transaction of $531,750.00. Following the completion of the transaction, the president now owns 36,631 shares in the company, valued at $259,713.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Sonalee Elizabeth Parekh sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $7.58, for a total transaction of $75,800.00. Following the completion of the transaction, the director now owns 75,185 shares of the company’s stock, valued at $569,902.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Ichiro Aoki sold 75,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $7.09, for a total transaction of $531,750.00. Following the transaction, the president now owns 36,631 shares of the company’s stock, valued at approximately $259,713.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 366,882 shares of company stock worth $2,193,120. 8.20% of the stock is currently owned by company insiders.

indie Semiconductor Price Performance

INDI opened at $3.51 on Friday. The company has a market capitalization of $692.94 million, a P/E ratio of -7.16 and a beta of 1.20. The company has a 50-day moving average of $5.23 and a 200-day moving average of $6.01. 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 1-year low of $3.50 and a 1-year high of $8.69.

indie Semiconductor (NASDAQ:INDI) last announced 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). The firm had revenue of $52.40 million during the quarter, compared to analyst estimates of $53.61 million. indie Semiconductor had a negative return on equity of 22.48% and a negative net margin of 34.65%. indie Semiconductor’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.11) earnings per share. Equities analysts expect that indie Semiconductor, Inc. will post -0.7 EPS for the current fiscal year.

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.