Bamco Inc. NY Buys 89,181 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

Bamco Inc. NY lifted its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 0.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,240,606 shares of the company’s stock after purchasing an additional 89,181 shares during the period. Bamco Inc. NY owned 7.72% of indie Semiconductor worth $60,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of INDI. Vanguard Group Inc. increased its position in indie Semiconductor by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company’s stock valued at $75,047,000 after purchasing an additional 332,500 shares during the period. Price T Rowe Associates Inc. MD boosted its position in indie Semiconductor by 14.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock valued at $306,000 after purchasing an additional 5,394 shares in the last quarter. Comerica Bank grew its stake in indie Semiconductor by 23,949.9% in the first quarter. Comerica Bank now owns 314,813 shares of the company’s stock valued at $2,229,000 after purchasing an additional 313,504 shares during the last quarter. GAMMA Investing LLC raised its holdings in indie Semiconductor by 1,743.8% in 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 in the last quarter. Finally, Register Financial Advisors LLC lifted its position in shares of indie Semiconductor by 3.7% during the second quarter. Register Financial Advisors LLC now owns 138,440 shares of the company’s stock valued at $854,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

indie Semiconductor Price Performance

Shares of INDI stock opened at $5.28 on Tuesday. indie Semiconductor, Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $8.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. The stock’s 50-day simple moving average is $4.03 and its 200-day simple moving average is $5.03.

Wall Street Analyst Weigh In

Several research analysts recently commented on INDI shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Benchmark lowered their price objective on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Roth Mkm reduced their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $8.92.

Insider Buying and Selling

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $4.71, for a total transaction of $942,000.00. Following the completion of the transaction, the chief executive officer now owns 18,351 shares in the company, valued at approximately $86,433.21. This trade represents a 91.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.20% of the stock is owned by corporate insiders.

indie Semiconductor 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.