Artemis Investment Management LLP purchased a new stake in indie Semiconductor, Inc. (NASDAQ:INDI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,122,398 shares of the company's stock, valued at approximately $4,478,000. Artemis Investment Management LLP owned about 0.60% of indie Semiconductor as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its holdings in shares of indie Semiconductor by 93.5% during the 2nd quarter. Primecap Management Co. CA now owns 15,779,119 shares of the company's stock worth $97,357,000 after acquiring an additional 7,624,797 shares during the period. Granahan Investment Management LLC raised its stake in indie Semiconductor by 63.3% during the fourth quarter. Granahan Investment Management LLC now owns 13,194,588 shares of the company's stock worth $107,008,000 after purchasing an additional 5,115,393 shares during the period. Bamco Inc. NY boosted its holdings in indie Semiconductor by 28.0% in the 1st quarter. Bamco Inc. NY now owns 14,285,896 shares of the company's stock valued at $101,144,000 after purchasing an additional 3,121,255 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in indie Semiconductor by 40.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,138,449 shares of the company's stock valued at $25,453,000 after purchasing an additional 902,530 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of indie Semiconductor by 295.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 818,298 shares of the company's stock valued at $5,049,000 after buying an additional 611,441 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.
Shares of indie Semiconductor stock opened at $3.71 on Thursday. The stock has a market capitalization of $732.43 million, a price-to-earnings ratio of -7.57 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.66 and a quick ratio of 2.20. The business has a 50-day moving average of $4.02 and a 200 day moving average of $5.56. indie Semiconductor, Inc. has a 12 month low of $3.16 and a 12 month high of $8.69.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.09). The firm had revenue of $52.40 million during the quarter, compared to analysts' expectations of $53.61 million. indie Semiconductor had a negative net margin of 34.65% and a negative return on equity of 22.48%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) earnings per share. As a group, sell-side analysts forecast that indie Semiconductor, Inc. will post -0.7 earnings per share for the current year.
A number of research firms recently commented on INDI. Deutsche Bank Aktiengesellschaft decreased their price objective on indie Semiconductor from $9.00 to $7.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Roth Mkm decreased their target price 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. Finally, Benchmark reiterated a "buy" rating and set a $12.00 price target on shares of indie Semiconductor in a research report on Tuesday, September 10th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, indie Semiconductor has a consensus rating of "Buy" and a consensus target price of $10.50.
Check Out Our Latest Research Report on indie Semiconductor
In related news, CFO Thomas Schiller sold 75,000 shares of indie Semiconductor stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total value of $287,250.00. Following the completion of the transaction, the chief financial officer now directly owns 977,192 shares in the company, valued at approximately $3,742,645.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.20% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider indie Semiconductor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and indie Semiconductor wasn't on the list.
While indie Semiconductor currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.