Redwood Wealth Management Group LLC purchased a new stake in indie Semiconductor, Inc. (NASDAQ:INDI – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,250 shares of the company’s stock, valued at approximately $215,000.
Other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of indie Semiconductor in the third quarter valued at approximately $58,000. Algert Global LLC purchased a new stake in shares of indie Semiconductor in the second quarter valued at approximately $97,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of indie Semiconductor in the second quarter valued at approximately $105,000. FNY Investment Advisers LLC purchased a new stake in shares of indie Semiconductor in the fourth quarter valued at approximately $74,000. Finally, Creative Planning purchased a new stake in shares of indie Semiconductor in the third quarter valued at approximately $75,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00. Following the transaction, the chief executive officer now directly owns 18,351 shares in the company, valued at approximately $79,092.81. This represents a 73.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Michael Wittmann sold 18,375 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $4.10, for a total value of $75,337.50. Following the transaction, the chief operating officer now owns 28,860 shares in the company, valued at $118,326. This trade represents a 38.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 276,593 shares of company stock worth $1,272,291 over the last three months. 8.20% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Report on INDI
indie Semiconductor Price Performance
Shares of NASDAQ:INDI opened at $4.19 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $7.82. The stock’s fifty day simple moving average is $4.31 and its 200-day simple moving average is $4.24.
indie Semiconductor (NASDAQ:INDI – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). indie Semiconductor had a negative net margin of 49.88% and a negative return on equity of 24.04%. The company had revenue of $53.97 million during the quarter, compared to analysts’ expectations of $53.65 million. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, research analysts predict that indie Semiconductor, Inc. will post -0.74 EPS for the current year.
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.
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