Emerald Mutual Fund Advisers Trust Has $137,000 Stock Position in indie Semiconductor, Inc. (NASDAQ:INDI)

Emerald Mutual Fund Advisers Trust lowered its stake in indie Semiconductor, Inc. (NASDAQ:INDI) by 98.3% during the third quarter, HoldingsChannel.com reports. The firm owned 34,218 shares of the company’s stock after selling 1,933,569 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in indie Semiconductor were worth $137,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Primecap Management Co. CA raised its stake in 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 buying an additional 7,624,797 shares during the period. Bamco Inc. NY raised its stake in 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 buying an additional 3,121,255 shares during the period. Vanguard Group Inc. raised its stake in indie Semiconductor by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company’s stock worth $75,047,000 after buying an additional 332,500 shares during the period. Clearbridge Investments LLC raised its stake in indie Semiconductor by 2.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,649,907 shares of the company’s stock worth $11,681,000 after buying an additional 37,236 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in indie Semiconductor by 26.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,300,540 shares of the company’s stock worth $9,208,000 after buying an additional 268,776 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and set a $12.00 price objective on shares of indie Semiconductor in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft dropped their price objective 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 dropped 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $10.50.

indie Semiconductor Price Performance

Shares of NASDAQ INDI opened at $3.49 on Monday. The stock has a market capitalization of $688.98 million, a price-to-earnings ratio of -6.84 and a beta of 1.22. The business has a 50-day moving average of $3.72 and a 200-day moving average of $5.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.66 and a quick ratio of 2.20. indie Semiconductor, Inc. has a fifty-two week low of $3.16 and a fifty-two week 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 company had revenue of $52.40 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) EPS. As a group, sell-side analysts predict that indie Semiconductor, Inc. will post -0.7 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Thomas Schiller sold 75,000 shares of the firm’s stock in a transaction dated 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 owns 977,192 shares in the company, valued at $3,742,645.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is owned by corporate insiders.

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.