Daiwa Securities Group Inc. grew its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI – Free Report) by 24.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,803 shares of the company’s stock after buying an additional 1,926 shares during the period. Daiwa Securities Group Inc.’s holdings in indie Semiconductor were worth $103,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Virtu Financial LLC increased its holdings in shares of indie Semiconductor by 175.8% in the first quarter. Virtu Financial LLC now owns 29,687 shares of the company’s stock worth $313,000 after purchasing an additional 18,923 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of indie Semiconductor during the 1st quarter worth approximately $112,000. SG Americas Securities LLC bought a new position in shares of indie Semiconductor during the 1st quarter valued at approximately $175,000. Arizona State Retirement System grew its holdings in shares of indie Semiconductor by 7.5% in the first quarter. Arizona State Retirement System now owns 21,754 shares of the company’s stock valued at $230,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in indie Semiconductor in the first quarter worth $102,000. 52.12% of the stock is owned by hedge funds and other institutional investors.
indie Semiconductor Trading Up 3.3 %
Shares of NASDAQ INDI opened at $9.48 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.52 and a quick ratio of 2.19. The stock has a market capitalization of $1.52 billion, a P/E ratio of -9.03 and a beta of 0.81. indie Semiconductor, Inc. has a 1-year low of $5.66 and a 1-year high of $11.12. The business has a fifty day moving average price of $9.46 and a 200 day moving average price of $9.18.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on INDI shares. Benchmark restated a “buy” rating and set a $17.00 price objective on shares of indie Semiconductor in a research report on Friday, June 30th. TheStreet lowered shares of indie Semiconductor from a “c” rating to a “d” rating in a research report on Thursday, May 11th.
Insider Activity
In related news, CEO Donald Mcclymont sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $8.08, for a total transaction of $404,000.00. Following the sale, the chief executive officer now directly owns 21,602 shares of the company’s stock, valued at $174,544.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $8.08, for a total value of $404,000.00. Following the completion of the sale, the chief executive officer now directly owns 21,602 shares in the company, valued at $174,544.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Ichiro Aoki sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $8.11, for a total value of $811,000.00. Following the completion of the sale, the president now owns 6,341 shares of the company’s stock, valued at $51,425.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 459,000 shares of company stock valued at $4,162,690. Company insiders own 9.90% of the company’s stock.
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, rest of Asia Pacific, and Europe.
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