Bouvel Investment Partners LLC Makes New Investment in indie Semiconductor, Inc. (NASDAQ:INDI)

Bouvel Investment Partners LLC purchased a new stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 139,656 shares of the company’s stock, valued at approximately $989,000. Bouvel Investment Partners LLC owned approximately 0.08% of indie Semiconductor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UBS Group AG lifted its holdings in indie Semiconductor by 4,346.7% in the fourth quarter. UBS Group AG now owns 1,484,697 shares of the company’s stock valued at $12,041,000 after acquiring an additional 1,451,308 shares during the period. Clearbridge Investments LLC increased its position in indie Semiconductor by 34.0% in the fourth quarter. Clearbridge Investments LLC now owns 1,612,671 shares of the company’s stock worth $13,079,000 after buying an additional 408,936 shares in the last quarter. Primecap Management Co. CA grew its position in shares of indie Semiconductor by 20.7% during the fourth quarter. Primecap Management Co. CA now owns 5,060,480 shares of the company’s stock worth $41,040,000 after purchasing an additional 867,180 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in indie Semiconductor by 44.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 519,049 shares of the company’s stock valued at $4,209,000 after purchasing an additional 158,671 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in indie Semiconductor by 176.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 981,828 shares of the company’s stock valued at $6,186,000 after purchasing an additional 626,504 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Transactions at indie Semiconductor

In other news, CFO Thomas Schiller sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $5.68, for a total value of $340,800.00. Following the sale, the chief financial officer now owns 1,039,583 shares in the company, valued at $5,904,831.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other indie Semiconductor news, CFO Thomas Schiller sold 60,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $5.68, for a total transaction of $340,800.00. Following the transaction, the chief financial officer now owns 1,039,583 shares in the company, valued at $5,904,831.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Ichiro Aoki sold 50,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $224,914.34. The disclosure for this sale can be found here. Insiders have sold 400,015 shares of company stock worth $2,578,749 over the last quarter. 8.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. KeyCorp decreased their target price on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on indie Semiconductor from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, B. Riley restated a “buy” rating and set a $13.50 price objective (down previously from $14.50) on shares of indie Semiconductor in a report on Friday, May 10th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, indie Semiconductor currently has an average rating of “Buy” and an average price target of $12.64.

indie Semiconductor Trading Up 0.2 %

indie Semiconductor stock traded up $0.01 during trading hours on Friday, hitting $6.20. 64,163 shares of the stock traded hands, compared to its average volume of 2,775,216. The company has a quick ratio of 1.49, a current ratio of 1.74 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average price is $6.35 and its 200-day moving average price is $6.76. indie Semiconductor, Inc. has a 1 year low of $4.67 and a 1 year high of $9.85.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.13). The firm had revenue of $52.35 million for the quarter, compared to analysts’ expectations of $56.30 million. indie Semiconductor had a negative net margin of 32.12% and a negative return on equity of 21.08%. On average, analysts anticipate that indie Semiconductor, Inc. will post -0.62 earnings per share for the current year.

About indie Semiconductor

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.