Emerald Advisers LLC Sells 19,550 Shares of indie Semiconductor, Inc. $INDI

Emerald Advisers LLC reduced its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 15.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,753 shares of the company’s stock after selling 19,550 shares during the period. Emerald Advisers LLC’s holdings in indie Semiconductor were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in INDI. Nisa Investment Advisors LLC grew its holdings in shares of indie Semiconductor by 356.3% during the second quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock worth $34,000 after purchasing an additional 7,536 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of indie Semiconductor by 32.7% during the first quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock worth $36,000 after purchasing an additional 4,400 shares during the last quarter. Ethic Inc. bought a new stake in shares of indie Semiconductor during the second quarter worth about $36,000. Hsbc Holdings PLC grew its holdings in shares of indie Semiconductor by 36.5% during the first quarter. Hsbc Holdings PLC now owns 19,486 shares of the company’s stock worth $39,000 after purchasing an additional 5,213 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of indie Semiconductor by 145.7% during the second quarter. Signaturefd LLC now owns 11,457 shares of the company’s stock worth $41,000 after purchasing an additional 6,794 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Roth Capital reissued a “buy” rating and set a $8.00 target price on shares of indie Semiconductor in a research report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Insider Buying and Selling

In related news, President Ichiro Aoki sold 8,877 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $4.22, for a total transaction of $37,460.94. Following the transaction, the president directly owned 82,634 shares of the company’s stock, valued at $348,715.48. This represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald Mcclymont sold 200,000 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $6.01, for a total transaction of $1,202,000.00. Following the transaction, the chief executive officer directly owned 135,602 shares in the company, valued at approximately $814,968.02. This represents a 59.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 697,936 shares of company stock valued at $3,207,331 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

indie Semiconductor Stock Performance

NASDAQ:INDI opened at $5.76 on Thursday. The company has a market capitalization of $1.25 billion, a PE ratio of -6.86 and a beta of 2.33. The company has a 50 day simple moving average of $4.54 and a two-hundred day simple moving average of $3.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.72 and a current ratio of 4.34. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.05.

indie Semiconductor (NASDAQ:INDI) last released its earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $51.63 million during the quarter, compared to the consensus estimate of $51.40 million. indie Semiconductor had a negative net margin of 71.98% and a negative return on equity of 28.43%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. indie Semiconductor has set its Q3 2025 guidance at EPS. Research analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

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.