indie Semiconductor, Inc. (NASDAQ:INDI) is P.A.W. Capital Corp’s 5th Largest Position

P.A.W. Capital Corp boosted its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,100,000 shares of the company’s stock after buying an additional 100,000 shares during the period. indie Semiconductor accounts for about 8.5% of P.A.W. Capital Corp’s portfolio, making the stock its 5th largest holding. P.A.W. Capital Corp owned 0.54% of indie Semiconductor worth $4,455,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of indie Semiconductor in the third quarter valued at approximately $58,000. FNY Investment Advisers LLC acquired a new position in indie Semiconductor in the fourth quarter valued at approximately $74,000. Creative Planning acquired a new position in indie Semiconductor during the third quarter worth $75,000. Legato Capital Management LLC lifted its stake in indie Semiconductor by 47.9% during the fourth quarter. Legato Capital Management LLC now owns 20,285 shares of the company’s stock worth $82,000 after purchasing an additional 6,570 shares in the last quarter. Finally, American Trust lifted its stake in indie Semiconductor by 28.2% during the third quarter. American Trust now owns 28,976 shares of the company’s stock worth $116,000 after purchasing an additional 6,375 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group started coverage on indie Semiconductor in a research note on Friday, January 24th. They set a “neutral” rating and a $4.50 price target on the stock. Roth Mkm reduced their price objective 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. KeyCorp reduced their price objective on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Benchmark reduced their price objective on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.86.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 18,375 shares of the firm’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Donald Mcclymont sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.31, for a total value 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. The trade was a 73.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,593 shares of company stock valued at $330,291 over the last quarter. 8.20% of the stock is owned by insiders.

indie Semiconductor Stock Performance

NASDAQ:INDI opened at $3.41 on Friday. The firm has a market capitalization of $688.55 million, a PE ratio of -4.49 and a beta of 1.41. The business’s fifty day moving average price is $4.16 and its 200 day moving average price is $4.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. indie Semiconductor, Inc. has a 12 month low of $3.16 and a 12 month high of $7.82.

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

About indie Semiconductor

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.