indie Semiconductor, Inc. (NASDAQ:INDI) Shares Acquired by P.A.W. Capital Corp

P.A.W. Capital Corp lifted its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,100,000 shares of the company’s stock after buying an additional 100,000 shares during the period. indie Semiconductor makes up approximately 8.5% of P.A.W. Capital Corp’s holdings, making the stock its 5th largest position. P.A.W. Capital Corp’s holdings in indie Semiconductor were worth $4,455,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in INDI. Virtu Financial LLC acquired a new stake in shares of indie Semiconductor during the third quarter worth about $58,000. FNY Investment Advisers LLC acquired a new stake in indie Semiconductor in the fourth quarter valued at about $74,000. Creative Planning acquired a new stake in indie Semiconductor in the third quarter valued at about $75,000. Legato Capital Management LLC lifted its position in indie Semiconductor by 47.9% in the fourth quarter. Legato Capital Management LLC now owns 20,285 shares of the company’s stock valued at $82,000 after purchasing an additional 6,570 shares during the period. Finally, American Trust lifted its position in indie Semiconductor by 28.2% in the third quarter. American Trust now owns 28,976 shares of the company’s stock valued at $116,000 after purchasing an additional 6,375 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Roth Mkm reduced 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 reduced their price objective on shares of indie Semiconductor from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday. KeyCorp reduced their price objective on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday. Finally, UBS Group initiated coverage on shares of indie Semiconductor in a research report on Friday, January 24th. They issued a “neutral” rating and a $4.50 price objective for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, indie Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.86.

indie Semiconductor Price Performance

INDI stock opened at $3.41 on Friday. The firm has a 50 day moving average of $4.16 and a 200-day moving average of $4.08. indie Semiconductor, Inc. has a 12-month low of $3.16 and a 12-month high of $7.82. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The company has a market cap of $688.55 million, a price-to-earnings ratio of -4.49 and a beta of 1.41.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The company had revenue of $58.01 million for the quarter, compared to analyst estimates of $58.20 million. As a group, equities analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Insider Transactions at indie Semiconductor

In other news, CEO Donald Mcclymont sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $4.31, for a total transaction of $215,500.00. Following the completion of the transaction, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at $79,092.81. This trade represents a 73.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Michael Wittmann sold 18,375 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50. Following the transaction, the chief operating officer now directly owns 28,860 shares of the company’s stock, valued at approximately $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 sold a total of 76,593 shares of company stock valued at $330,291 in the last ninety days. Corporate insiders own 8.20% 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, South Korea, rest of the Asia Pacific, and Europe.