Primecap Management Co. CA Grows Stock Holdings in indie Semiconductor, Inc. $INDI

Primecap Management Co. CA increased its position in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,160,176 shares of the company’s stock after purchasing an additional 536,790 shares during the period. Primecap Management Co. CA owned 13.72% of indie Semiconductor worth $103,810,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of INDI. Fred Alger Management LLC acquired a new position in shares of indie Semiconductor during the 1st quarter worth about $2,527,000. Invesco Ltd. lifted its stake in indie Semiconductor by 105.4% during the first quarter. Invesco Ltd. now owns 191,717 shares of the company’s stock worth $390,000 after purchasing an additional 98,389 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in indie Semiconductor by 448.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 86,461 shares of the company’s stock valued at $308,000 after purchasing an additional 70,691 shares in the last quarter. Signaturefd LLC boosted its holdings in indie Semiconductor by 145.7% in the second quarter. Signaturefd LLC now owns 11,457 shares of the company’s stock valued at $41,000 after purchasing an additional 6,794 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in indie Semiconductor by 20.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 892,783 shares of the company’s stock valued at $3,178,000 after purchasing an additional 152,296 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock opened at $3.43 on Thursday. The firm’s fifty day simple moving average is $4.53 and its 200-day simple moving average is $3.93. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $6.05. The stock has a market capitalization of $753.34 million, a price-to-earnings ratio of -4.57 and a beta of 2.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.75 and a quick ratio of 3.18.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The business had revenue of $53.68 million for the quarter, compared to analyst estimates of $53.98 million. indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. indie Semiconductor has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Insider Buying and Selling

In other indie Semiconductor news, President Ichiro Aoki sold 250,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $3.92, for a total transaction of $980,000.00. Following the completion of the sale, the president directly owned 82,634 shares of the company’s stock, valued at approximately $323,925.28. This trade represents a 75.16% decrease in their position. The transaction 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 business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $6.01, for a total value of $1,202,000.00. Following the completion of the transaction, the chief executive officer directly owned 135,602 shares in the company, valued at approximately $814,968.02. The trade was a 59.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,128,197 shares of company stock valued at $4,863,072 over the last quarter. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INDI. Roth Capital restated a “buy” rating and set a $8.00 price objective on shares of indie Semiconductor in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. UBS Group boosted their price target on shares of indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, November 10th. Finally, Wall Street Zen lowered indie Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.60.

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.