Virtu Financial LLC Invests $58,000 in indie Semiconductor, Inc. (NASDAQ:INDI)

Virtu Financial LLC purchased a new stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 14,637 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its position in indie Semiconductor by 330.7% during the 3rd quarter. Barclays PLC now owns 256,799 shares of the company’s stock worth $1,026,000 after acquiring an additional 197,179 shares during the last quarter. Meros Investment Management LP boosted its stake in shares of indie Semiconductor by 5.4% during the third quarter. Meros Investment Management LP now owns 865,325 shares of the company’s stock valued at $3,453,000 after purchasing an additional 44,096 shares in the last quarter. Geode Capital Management LLC grew 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 last quarter. State Street Corp increased its stake in shares of indie Semiconductor by 2.3% in the third quarter. State Street Corp now owns 7,102,029 shares of the company’s stock valued at $28,337,000 after buying an additional 161,132 shares during the period. Finally, Harber Asset Management LLC bought a new position in indie Semiconductor in the 3rd quarter valued at approximately $3,406,000. 67.73% of the stock is owned by institutional investors.

indie Semiconductor Trading Down 1.0 %

INDI opened at $4.10 on Friday. indie Semiconductor, Inc. has a twelve month low of $3.16 and a twelve month high of $8.69. The company has a fifty day moving average of $4.17 and a 200-day moving average of $4.82. The stock has a market cap of $827.86 million, a PE ratio of -6.12 and a beta of 1.37. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling 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 sale, the chief executive officer now 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 filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 253,081 shares of company stock valued at $1,174,446. 8.20% of the stock is currently owned by insiders.

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.