Harbor Capital Advisors Inc. boosted its stake in indie Semiconductor, Inc. (NASDAQ:INDI – Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,333,220 shares of the company’s stock after acquiring an additional 137,310 shares during the period. Harbor Capital Advisors Inc. owned 1.65% of indie Semiconductor worth $13,500,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in indie Semiconductor in the third quarter valued at about $58,000. Xponance Inc. acquired a new position in indie Semiconductor during the second quarter worth $63,000. Creative Planning purchased a new stake in shares of indie Semiconductor during the 3rd quarter worth $75,000. Algert Global LLC acquired a new position in shares of indie Semiconductor during the 2nd quarter worth $97,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of indie Semiconductor in the 2nd quarter valued at about $105,000. 67.73% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $4.71, for a total transaction of $942,000.00. Following the completion of the sale, the chief executive officer now owns 18,351 shares in the company, valued at $86,433.21. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Wittmann sold 18,375 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were 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 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 276,593 shares of company stock worth $1,272,291 over the last ninety days. 8.20% of the stock is owned by company insiders.
indie Semiconductor Trading Down 0.5 %
Wall Street Analysts Forecast Growth
INDI has been the topic of several research analyst reports. Roth Mkm decreased their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Benchmark decreased their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, indie Semiconductor presently has an average rating of “Buy” and a consensus target price of $8.92.
View Our Latest Stock Report on indie Semiconductor
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.
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