indie Semiconductor, Inc. (NASDAQ:INDI) Holdings Cut by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 18.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,720 shares of the company’s stock after selling 5,200 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in indie Semiconductor were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. General American Investors Co. Inc. raised its holdings in shares of indie Semiconductor by 46.5% during the 3rd quarter. General American Investors Co. Inc. now owns 1,347,393 shares of the company’s stock valued at $5,376,000 after purchasing an additional 427,928 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of indie Semiconductor by 290.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company’s stock valued at $12,752,000 after purchasing an additional 2,377,612 shares in the last quarter. Tempus Wealth Planning LLC raised its holdings in shares of indie Semiconductor by 61.6% during the 3rd quarter. Tempus Wealth Planning LLC now owns 36,121 shares of the company’s stock valued at $144,000 after purchasing an additional 13,768 shares in the last quarter. Creative Planning bought a new position in shares of indie Semiconductor during the 3rd quarter valued at $75,000. Finally, Artemis Investment Management LLP bought a new position in shares of indie Semiconductor during the 3rd quarter valued at $4,478,000. Institutional investors own 67.73% of the company’s stock.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $4.98 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -7.43 and a beta of 1.22. The company’s fifty day moving average is $3.89 and its two-hundred day moving average is $5.06. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $8.69.

Insiders Place Their Bets

In other news, CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00. Following the sale, the chief executive officer now directly owns 18,351 shares in the company, valued at approximately $86,433.21. The trade was a 91.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas Schiller sold 75,000 shares of indie Semiconductor stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total transaction of $287,250.00. Following the sale, the chief financial officer now owns 977,192 shares in the company, valued at approximately $3,742,645.36. This trade represents a 7.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 278,531 shares of company stock worth $1,242,915 in the last ninety days. Insiders own 8.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on INDI shares. Benchmark dropped their target price on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Roth Mkm dropped their target price on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $9.79.

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.