Primecap Management Co. CA Has $97.36 Million Stock Position in indie Semiconductor, Inc. (NASDAQ:INDI)

Primecap Management Co. CA lifted its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 93.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 15,779,119 shares of the company’s stock after purchasing an additional 7,624,797 shares during the quarter. Primecap Management Co. CA owned 0.08% of indie Semiconductor worth $97,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of INDI. Granahan Investment Management LLC grew its holdings in shares of indie Semiconductor by 63.3% during the 4th 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 in the last quarter. Bamco Inc. NY grew its holdings in shares of indie Semiconductor by 28.0% during the 1st quarter. Bamco Inc. NY now owns 14,285,896 shares of the company’s stock worth $101,144,000 after purchasing an additional 3,121,255 shares in the last quarter. Intrinsic Edge Capital Management LLC grew its holdings in shares of indie Semiconductor by 132.5% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 2,893,484 shares of the company’s stock worth $23,466,000 after purchasing an additional 1,648,818 shares in the last quarter. UBS Group AG grew its holdings in shares of indie Semiconductor by 4,346.7% during the 4th quarter. UBS Group AG now owns 1,484,697 shares of the company’s stock worth $12,041,000 after purchasing an additional 1,451,308 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of indie Semiconductor by 40.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,138,449 shares of the company’s stock worth $25,453,000 after purchasing an additional 902,530 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

indie Semiconductor Price Performance

indie Semiconductor stock opened at $3.81 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.20 and a current ratio of 2.66. The firm has a market cap of $711.57 million, a P/E ratio of -7.78 and a beta of 1.20. The business’s fifty day moving average is $4.86 and its two-hundred day moving average is $5.86. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.69.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The company had revenue of $52.40 million for 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%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. Equities research analysts forecast that indie Semiconductor, Inc. will post -0.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other indie Semiconductor news, President Ichiro Aoki sold 50,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $6.14, for a total value of $307,000.00. Following the transaction, the president now owns 36,631 shares of the company’s stock, valued at $224,914.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, President Ichiro Aoki sold 50,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $6.14, for a total transaction of $307,000.00. Following the transaction, the president now owns 36,631 shares of the company’s stock, valued at $224,914.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas Schiller sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total value of $287,250.00. Following the transaction, the chief financial officer now directly owns 977,192 shares in the company, valued at approximately $3,742,645.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,882 shares of company stock valued at $1,096,570. 8.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

INDI has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of indie Semiconductor in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft decreased their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Roth Mkm decreased their price target on indie Semiconductor from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $10.50.

indie Semiconductor Company Profile

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.