indie Semiconductor, Inc. (NASDAQ:INDI) Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDIGet Rating) by 180.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,693 shares of the company’s stock after purchasing an additional 3,661 shares during the quarter. Wolverine Asset Management LLC’s holdings in indie Semiconductor were worth $68,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Bamco Inc. NY increased its position in shares of indie Semiconductor by 183.0% during the 3rd quarter. Bamco Inc. NY now owns 4,920,761 shares of the company’s stock worth $60,575,000 after purchasing an additional 3,181,687 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of indie Semiconductor during the 3rd quarter worth about $9,567,000. BlackRock Inc. acquired a new stake in shares of indie Semiconductor during the 3rd quarter worth about $8,208,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of indie Semiconductor during the 4th quarter worth about $6,545,000. Finally, Geode Capital Management LLC boosted its holdings in indie Semiconductor by 803.3% during the 3rd quarter. Geode Capital Management LLC now owns 493,214 shares of the company’s stock valued at $6,071,000 after acquiring an additional 438,611 shares during the period. 25.04% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. B. Riley lowered their target price on indie Semiconductor from $15.00 to $9.00 in a report on Friday. Benchmark assumed coverage on indie Semiconductor in a report on Friday. They set a “buy” rating and a $17.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their target price on indie Semiconductor from $13.00 to $11.00 in a report on Friday. Finally, Zacks Investment Research upgraded indie Semiconductor from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Wednesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $13.29.

In related news, CTO Scott David Kee sold 188,912 shares of the business’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $7.89, for a total transaction of $1,490,515.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven Machuga sold 8,699 shares of indie Semiconductor stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $7.30, for a total value of $63,502.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 295,655 shares of company stock valued at $2,268,945. 20.23% of the stock is owned by company insiders.

Shares of INDI opened at $6.94 on Friday. The stock has a 50-day simple moving average of $7.12 and a 200-day simple moving average of $9.51. The company has a current ratio of 7.36, a quick ratio of 7.09 and a debt-to-equity ratio of 0.02. indie Semiconductor, Inc. has a 1 year low of $5.07 and a 1 year high of $16.33.

indie Semiconductor (NASDAQ:INDIGet Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $18.96 million during the quarter, compared to analysts’ expectations of $18.24 million. As a group, equities analysts predict that indie Semiconductor, Inc. will post -0.46 earnings per share for the current year.

indie Semiconductor Profile (Get Rating)

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications. It offers devices for a multitude of automotive applications spanning ultrasound for parking assistance, in cabin wireless charging, infotainment and LED lighting for enhancing the user experience, and telematics and cloud access for connectivity; and photonic components on various technology platforms, including fiber bragg gratings, low noise lasers, athermal and tunable packaging, photonic integration, and low noise and high-speed electronics for the laser systems, optical sensing, and optical communication markets.

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Institutional Ownership by Quarter for indie Semiconductor (NASDAQ:INDI)

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