Artemis Investment Management LLP Grows Stock Holdings in indie Semiconductor, Inc. (NASDAQ:INDI)

Artemis Investment Management LLP boosted its holdings in indie Semiconductor, Inc. (NASDAQ:INDI) by 482.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,539,694 shares of the company’s stock after buying an additional 5,417,296 shares during the quarter. Artemis Investment Management LLP owned approximately 3.24% of indie Semiconductor worth $26,486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INDI. Xponance Inc. acquired a new position in shares of indie Semiconductor during the 2nd quarter worth about $63,000. Virtu Financial LLC acquired a new position in indie Semiconductor in the third quarter valued at approximately $58,000. Algert Global LLC acquired a new position in indie Semiconductor in the second quarter valued at approximately $97,000. B. Riley Wealth Advisors Inc. purchased a new position in indie Semiconductor in the second quarter valued at approximately $105,000. Finally, FNY Investment Advisers LLC acquired a new stake in indie Semiconductor during the fourth quarter worth approximately $74,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Michael Wittmann sold 18,375 shares of indie Semiconductor stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $4.10, for a total value of $75,337.50. Following the transaction, the chief operating officer now directly owns 28,860 shares in the company, valued at $118,326. This trade represents a 38.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00. Following the transaction, the chief executive officer now owns 18,351 shares of the company’s stock, 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 a total of 276,593 shares of company stock valued at $1,272,291 over the last quarter. 8.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

INDI has been the subject of several research analyst reports. Roth Mkm lowered their target price on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, November 8th. Benchmark dropped their price objective on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $8.92.

indie Semiconductor Price Performance

Shares of indie Semiconductor stock opened at $4.28 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. indie Semiconductor, Inc. has a 1 year low of $3.16 and a 1 year high of $7.82. The company’s fifty day moving average is $4.43 and its two-hundred day moving average is $4.45.

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.