Jump Financial LLC Purchases Shares of 55,835 indie Semiconductor, Inc. (NASDAQ:INDI)

Jump Financial LLC bought a new position in indie Semiconductor, Inc. (NASDAQ:INDIFree Report) during the third quarter, Holdings Channel reports. The institutional investor bought 55,835 shares of the company’s stock, valued at approximately $352,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of indie Semiconductor by 36.7% in the second quarter. BlackRock Inc. now owns 8,849,734 shares of the company’s stock valued at $83,187,000 after purchasing an additional 2,377,645 shares during the period. State Street Corp increased its stake in shares of indie Semiconductor by 64.2% in the second quarter. State Street Corp now owns 6,943,221 shares of the company’s stock valued at $65,266,000 after purchasing an additional 2,715,874 shares during the period. Bamco Inc. NY increased its stake in shares of indie Semiconductor by 15.0% in the fourth quarter. Bamco Inc. NY now owns 5,432,316 shares of the company’s stock valued at $31,670,000 after purchasing an additional 709,447 shares during the period. Soros Fund Management LLC increased its stake in shares of indie Semiconductor by 24.5% in the first quarter. Soros Fund Management LLC now owns 4,355,753 shares of the company’s stock valued at $34,018,000 after purchasing an additional 855,753 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of indie Semiconductor by 12.2% in the third quarter. Vanguard Group Inc. now owns 4,287,616 shares of the company’s stock valued at $31,385,000 after purchasing an additional 464,988 shares during the period. Institutional investors own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CJS Securities began coverage on shares of indie Semiconductor in a research note on Friday, December 1st. They issued an “outperform” rating and a $15.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, indie Semiconductor presently has a consensus rating of “Buy” and a consensus target price of $14.07.

View Our Latest Stock Report on INDI

Insider Activity

In other news, CFO Thomas Schiller sold 60,000 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $7.05, for a total transaction of $423,000.00. Following the transaction, the chief financial officer now owns 1,093,562 shares in the company, valued at approximately $7,709,612.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Donald Mcclymont sold 150,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $7.48, for a total transaction of $1,122,000.00. Following the transaction, the chief executive officer now owns 29,179 shares in the company, valued at approximately $218,258.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas Schiller sold 60,000 shares of indie Semiconductor stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $7.05, for a total transaction of $423,000.00. Following the sale, the chief financial officer now owns 1,093,562 shares in the company, valued at $7,709,612.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 294,718 shares of company stock worth $2,227,191. 9.90% of the stock is owned by corporate insiders.

indie Semiconductor Stock Performance

Shares of NASDAQ:INDI opened at $7.49 on Tuesday. The firm has a fifty day moving average of $7.37 and a two-hundred day moving average of $6.82. The firm has a market capitalization of $1.35 billion, a P/E ratio of -8.23 and a beta of 1.15. indie Semiconductor, Inc. has a 12-month low of $4.67 and a 12-month high of $11.12. The company has a quick ratio of 1.55, a current ratio of 1.81 and a debt-to-equity ratio of 0.38.

About indie Semiconductor

(Free Report)

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, rest of Asia Pacific, and Europe.

Read More

Want to see what other hedge funds are holding INDI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for indie Semiconductor, Inc. (NASDAQ:INDIFree Report).

Institutional Ownership by Quarter for indie Semiconductor (NASDAQ:INDI)

Receive News & Ratings for indie Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for indie Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.