Tudor Investment Corp ET AL Invests $22.39 Million in indie Semiconductor

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Tudor Investment Corp ET AL, a prominent hedge fund, has purchased a new stake of 5,500,000 shares in indie Semiconductor, Inc. (NASDAQ:INDI), valued at approximately $22,385,000. This represents around 2.50% ownership of the automotive semiconductor company. The investment was disclosed in a recent 13F filing with the Securities & Exchange Commission.

Why it matters

indie Semiconductor is a fabless semiconductor company that specializes in advanced chip solutions for the automotive industry, including electric vehicles, advanced driver assistance systems, and infotainment systems. Tudor Investment's significant investment signals confidence in indie Semiconductor's technology and growth potential within the rapidly evolving automotive electronics market.

The details

According to the 13F filing, Tudor Investment Corp ET AL purchased the 5,500,000 shares of indie Semiconductor during the third quarter. This makes the hedge fund one of the larger institutional investors in the company. indie Semiconductor's stock has traded in the range of $1.53 to $6.05 over the past 12 months, currently sitting at around $2.56 per share.

• Tudor Investment Corp ET AL purchased the indie Semiconductor shares during the third quarter of the year.