indie Semiconductor, Inc. (NASDAQ:INDI) Position Lowered by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC reduced its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,323 shares of the company’s stock after selling 3,796 shares during the quarter. Bouvel Investment Partners LLC owned approximately 0.09% of indie Semiconductor worth $738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. General American Investors Co. Inc. grew its position in shares of indie Semiconductor by 46.5% in the 3rd quarter. General American Investors Co. Inc. now owns 1,347,393 shares of the company’s stock worth $5,376,000 after acquiring an additional 427,928 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in indie Semiconductor by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,318,300 shares of the company’s stock worth $5,260,000 after purchasing an additional 120,071 shares during the period. State Street Corp increased its stake in indie Semiconductor by 2.3% during the third quarter. State Street Corp now owns 7,102,029 shares of the company’s stock valued at $28,337,000 after purchasing an additional 161,132 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of indie Semiconductor by 7.5% during the third quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company’s stock worth $15,739,000 after purchasing an additional 276,739 shares during the period. Finally, Barclays PLC lifted its position in shares of indie Semiconductor by 330.7% in the 3rd quarter. Barclays PLC now owns 256,799 shares of the company’s stock worth $1,026,000 after buying an additional 197,179 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

In related news, COO Michael Wittmann sold 18,375 shares of indie Semiconductor stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $4.10, for a total transaction of $75,337.50. Following the sale, the chief operating officer now directly owns 28,860 shares in the company, valued at $118,326. The trade was a 38.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald Mcclymont sold 200,000 shares of the company’s 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 sale, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at $86,433.21. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 276,593 shares of company stock valued at $1,272,291. Insiders own 8.20% of the company’s stock.

indie Semiconductor Trading Down 2.0 %

indie Semiconductor stock opened at $4.31 on Friday. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $7.82. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $870.28 million, a price-to-earnings ratio of -6.43 and a beta of 1.41. The firm has a 50-day moving average price of $4.44 and a two-hundred day moving average price of $4.48.

Wall Street Analysts Forecast Growth

INDI has been the subject of a number of recent research reports. Roth Mkm lowered their price objective on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Benchmark lowered their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $8.92.

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.