BlackRock Discloses 5.0% Passive Stake in indie Semiconductor
Ticker: INDI · Form: SC 13G · Filed: Jan 26, 2024 · CIK: 1841925
| Field | Detail |
|---|---|
| Company | Indie Semiconductor, INC. (INDI) |
| Form Type | SC 13G |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock owns 5% of indie Semiconductor, a big vote of confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported its ownership of 29,919,258 shares of indie Semiconductor, Inc. (NASDAQ: INDI) common stock as of December 31, 2023. This represents a 5.0% stake in the semiconductor company. This filing indicates BlackRock's significant, but passive, investment in indie Semiconductor, which is important for investors as large institutional holdings can signal confidence and provide stability to a stock.
Why It Matters
This filing shows that a major institutional investor, BlackRock, holds a significant portion of indie Semiconductor's stock, which can influence market perception and liquidity.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces volatility and risk for other shareholders.
Analyst Insight
Smart investors should note BlackRock's significant, passive stake as a potential indicator of long-term institutional confidence in indie Semiconductor, but recognize it doesn't signal any active management changes.
Key Numbers
- 29,919,258 — Shares Owned (Total shares of indie Semiconductor, Inc. common stock beneficially owned by BlackRock Inc.)
- 5.0% — Ownership Percentage (The percentage of indie Semiconductor, Inc.'s common stock owned by BlackRock Inc.)
- December 31, 2023 — Reporting Date (The date as of which BlackRock Inc.'s ownership was reported.)
Key Players & Entities
- BlackRock Inc. (company) — reporting person, institutional investor
- indie Semiconductor, Inc. (company) — subject company, semiconductor manufacturer
- 29,919,258 (dollar_amount) — shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of class owned by BlackRock
- December 31, 2023 (person) — date of event requiring the filing
Forward-Looking Statements
- BlackRock will maintain its passive stake in indie Semiconductor for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the name of the company whose shares are being reported in this SC 13G filing?
The company whose shares are being reported is indie Semiconductor, Inc., as stated in the 'Name of Issuer' section of the Schedule 13G.
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock Inc., as identified in the 'FILED BY' section of the filing and on the cover page.
How many shares of indie Semiconductor, Inc. common stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 29,919,258 shares of indie Semiconductor, Inc. common stock, as indicated in the filing's summary data.
What percentage of indie Semiconductor, Inc.'s common stock does BlackRock Inc. own?
BlackRock Inc. owns 5.0% of indie Semiconductor, Inc.'s common stock, as reported in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the Schedule 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 26, 2024 by December 31, 2023 regarding indie Semiconductor, Inc. (INDI).