SCHEDULE 13G: Frontier Capital Management Discloses 5.9% Stake in Indie Semiconductor
Beneficial Ownership Report
Frontier Capital Management Co., LLC has filed a Schedule 13G, revealing a beneficial ownership of 5.9% of Indie Semiconductor, Inc.'s Class A common stock.
Summary
- Frontier Capital Management Co., LLC, an investment adviser based in Boston, MA, has filed a Schedule 13G with the SEC.
- The filing indicates that Frontier Capital Management beneficially owns 10,856,290 shares of Indie Semiconductor, Inc.'s Class A common stock.
- This ownership represents 5.9% of the total outstanding Class A common stock.
- Frontier Capital Management holds sole voting power over 3,105,456 shares and sole dispositive power over all 10,856,290 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Indie Semiconductor, Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or outlook.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
Indie Semiconductor, Inc. operates in the semiconductor industry, which is a critical sector for various technologies including automotive, consumer electronics, and industrial applications. The disclosure of a significant stake by an investment adviser like Frontier Capital Management indicates institutional interest in companies within this sector.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.
- Company Management: Awareness of a significant shareholder's position, though the filing states the stake is not for control purposes.
Key Dates
| Date | Description |
|---|---|
| 01/16/2024 | Date of filing and signature by Robert E. Phay, Chief Compliance Officer & General Counsel of Frontier Capital Management Co., LLC. |
| 09/30/2024 | Date of event which requires filing of this statement. |
Keywords
SEC filing, Schedule 13G, beneficial ownership, Indie Semiconductor, semiconductor industry, investment adviser, FRONTIER CAPITAL MANAGEMENT CO., LLC, Class A common stock
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