Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in indie Semiconductor, Inc. $INDI

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in indie Semiconductor, Inc. (NASDAQ:INDI) by 20.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 892,783 shares of the company’s stock after purchasing an additional 152,296 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.42% of indie Semiconductor worth $3,178,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Los Angeles Capital Management LLC lifted its holdings in shares of indie Semiconductor by 9.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company’s stock valued at $162,000 after purchasing an additional 3,898 shares during the last quarter. CWM LLC increased its position in indie Semiconductor by 34.7% during the 2nd quarter. CWM LLC now owns 15,215 shares of the company’s stock valued at $54,000 after buying an additional 3,916 shares in the last quarter. National Bank of Canada FI raised its stake in indie Semiconductor by 32.7% in the first quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock valued at $36,000 after buying an additional 4,400 shares during the last quarter. SlateStone Wealth LLC raised its stake in indie Semiconductor by 27.1% in the first quarter. SlateStone Wealth LLC now owns 22,100 shares of the company’s stock valued at $45,000 after buying an additional 4,706 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in indie Semiconductor by 36.5% in the first quarter. Hsbc Holdings PLC now owns 19,486 shares of the company’s stock worth $39,000 after acquiring an additional 5,213 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INDI. UBS Group upped their price objective on shares of indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of indie Semiconductor in a report on Wednesday, October 15th. Five 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.60.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, President Ichiro Aoki sold 8,877 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $4.22, for a total value of $37,460.94. Following the sale, the president directly owned 82,634 shares of the company’s stock, valued at approximately $348,715.48. This represents a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald Mcclymont sold 200,000 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $6.01, for a total value of $1,202,000.00. Following the sale, the chief executive officer directly owned 135,602 shares in the company, valued at $814,968.02. This represents a 59.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 703,197 shares of company stock worth $3,229,322 over the last three months. Company insiders own 5.60% of the company’s stock.

indie Semiconductor Price Performance

Shares of NASDAQ INDI opened at $3.94 on Friday. indie Semiconductor, Inc. has a 52 week low of $1.53 and a 52 week high of $6.05. The business’s 50 day moving average price is $4.58 and its 200 day moving average price is $3.87. The company has a quick ratio of 3.72, a current ratio of 3.75 and a debt-to-equity ratio of 0.86. The firm has a market cap of $851.72 million, a P/E ratio of -5.25 and a beta of 2.38.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 net margin of 66.84% and a negative return on equity of 28.84%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. indie Semiconductor has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

About indie Semiconductor

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.