indie Semiconductor, Inc. (NASDAQ:INDI) Stake Trimmed by P.A.W. Capital Corp

P.A.W. Capital Corp lowered its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 16.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,000,000 shares of the company’s stock after selling 200,000 shares during the quarter. indie Semiconductor accounts for 15.1% of P.A.W. Capital Corp’s portfolio, making the stock its biggest position. P.A.W. Capital Corp’s holdings in indie Semiconductor were worth $6,170,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in indie Semiconductor by 1,743.8% during the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after purchasing an additional 3,906 shares during the period. Newbridge Financial Services Group Inc. grew its stake in indie Semiconductor by 40.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $56,000 after buying an additional 2,000 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in indie Semiconductor during the 1st quarter valued at $53,000. Psagot Value Holdings Ltd. Israel lifted its position in shares of indie Semiconductor by 24.2% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock worth $69,000 after acquiring an additional 1,610 shares in the last quarter. Finally, Quent Capital LLC grew its position in shares of indie Semiconductor by 66.7% in the first quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $71,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at indie Semiconductor

In related news, Director Sonalee Elizabeth Parekh sold 10,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $7.58, for a total transaction of $75,800.00. Following the transaction, the director now owns 75,185 shares of the company’s stock, valued at approximately $569,902.30. 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 75,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $6.52, for a total transaction of $489,000.00. Following the completion of the sale, the president now owns 36,631 shares of the company’s stock, valued at $238,834.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sonalee Elizabeth Parekh sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $569,902.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,351 shares of company stock valued at $1,892,205. Corporate insiders own 8.20% of the company’s stock.

indie Semiconductor Price Performance

INDI stock opened at $3.78 on Wednesday. The firm has a 50 day simple moving average of $5.38 and a two-hundred day simple moving average of $6.07. The stock has a market cap of $746.25 million, a PE ratio of -7.71 and a beta of 1.20. indie Semiconductor, Inc. has a one year low of $3.73 and a one year high of $8.69. 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 (NASDAQ:INDI) last announced its earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). indie Semiconductor had a negative net margin of 34.65% and a negative return on equity of 22.48%. The company had revenue of $52.40 million during the quarter, compared to analyst estimates of $53.61 million. During the same period in the previous year, the business earned ($0.11) earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts predict that indie Semiconductor, Inc. will post -0.7 EPS for the current fiscal year.

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.