indie Semiconductor, Inc. (NASDAQ:INDIW – Get Free Report) was down 3.2% on Wednesday . The stock traded as low as $1.48 and last traded at $1.49. Approximately 16,366 shares changed hands during trading, a decline of 66% from the average daily volume of 48,426 shares. The stock had previously closed at $1.54.
indie Semiconductor Stock Performance
The company has a 50-day moving average of $1.97 and a two-hundred day moving average of $2.42.
Institutional Investors Weigh In On indie Semiconductor
Hedge funds have recently added to or reduced their stakes in the stock. Walleye Capital LLC boosted its position in shares of indie Semiconductor by 20.9% during the second quarter. Walleye Capital LLC now owns 1,002,487 shares of the company’s stock valued at $2,366,000 after buying an additional 173,269 shares during the last quarter. Boothbay Fund Management LLC bought a new position in indie Semiconductor in the second quarter valued at about $415,000. CSS LLC IL lifted its holdings in indie Semiconductor by 750.8% in the second quarter. CSS LLC IL now owns 168,134 shares of the company’s stock valued at $397,000 after acquiring an additional 148,371 shares during the period. JPMorgan Chase & Co. bought a new position in shares of indie Semiconductor in the second quarter worth about $414,000. Finally, Ionic Capital Management LLC raised its stake in shares of indie Semiconductor by 0.4% in the first quarter. Ionic Capital Management LLC now owns 4,694,422 shares of the company’s stock worth $14,952,000 after buying an additional 16,742 shares during the period.
About indie Semiconductor
indie designs and manufactures custom, microcontroller-based chips, using arm cores. we replace most of the contents of a printed circuit board with a single, optimal chip designed specifically for your application. this reduces the product cost, size and power compared with solutions based around standard, off-the-shelf components.
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