Emerald Mutual Fund Advisers Trust Sells 156,602 Shares of indie Semiconductor, Inc. (NASDAQ:INDI)

Emerald Mutual Fund Advisers Trust decreased its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,967,787 shares of the company’s stock after selling 156,602 shares during the period. Emerald Mutual Fund Advisers Trust owned 1.05% of indie Semiconductor worth $12,141,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in indie Semiconductor by 1,743.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock valued at $25,000 after purchasing an additional 3,906 shares during the period. Financial Management Professionals Inc. acquired a new position in indie Semiconductor in the first quarter valued at approximately $53,000. Newbridge Financial Services Group Inc. boosted its stake in indie Semiconductor by 40.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $56,000 after acquiring an additional 2,000 shares during the last quarter. Psagot Value Holdings Ltd. Israel grew its holdings in indie Semiconductor by 24.2% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock worth $69,000 after acquiring an additional 1,610 shares during the period. Finally, Quent Capital LLC raised its position in shares of indie Semiconductor by 66.7% during the 1st quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $71,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other indie Semiconductor news, CFO Thomas Schiller sold 75,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total value of $287,250.00. Following the transaction, the chief financial officer now owns 977,192 shares of the company’s stock, valued at $3,742,645.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, President Ichiro Aoki sold 50,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $6.14, for a total transaction of $307,000.00. Following the completion of the transaction, the president now directly owns 36,631 shares of the company’s stock, valued at $224,914.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas Schiller sold 75,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total value of $287,250.00. Following the transaction, the chief financial officer now owns 977,192 shares of the company’s stock, valued at $3,742,645.36. The disclosure for this sale can be found here. In the last three months, insiders sold 366,882 shares of company stock valued at $2,193,120. 8.20% of the stock is owned by corporate insiders.

indie Semiconductor Price Performance

INDI opened at $3.51 on Friday. The stock has a market cap of $692.94 million, a P/E ratio of -7.16 and a beta of 1.20. indie Semiconductor, Inc. has a 12 month low of $3.50 and a 12 month high of $8.69. The company has a quick ratio of 2.20, a current ratio of 2.66 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $5.23 and a 200 day simple moving average of $6.01.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). indie Semiconductor had a negative return on equity of 22.48% and a negative net margin of 34.65%. The company had revenue of $52.40 million during the quarter, compared to the consensus estimate of $53.61 million. During the same period in the prior year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, research analysts expect that indie Semiconductor, Inc. will post -0.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INDI. Roth Mkm reduced their price target on indie Semiconductor from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft cut their target price on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $11.21.

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.