indie Semiconductor (INDI) to Release Quarterly Earnings on Thursday

indie Semiconductor (NASDAQ:INDI) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $58.20 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

indie Semiconductor Stock Down 4.0 %

Shares of NASDAQ INDI opened at $3.63 on Thursday. indie Semiconductor has a 1 year low of $3.16 and a 1 year high of $7.82. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $4.23 and a two-hundred day moving average of $4.16.

Insider Activity

In other news, CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $4.31, for a total value of $215,500.00. Following the completion of the transaction, the chief executive officer now owns 18,351 shares in the company, valued at $79,092.81. This trade represents a 73.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael Wittmann sold 18,375 shares of indie Semiconductor stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $4.10, for a total value of $75,337.50. Following the transaction, the chief operating officer now directly owns 28,860 shares of the company’s stock, valued at $118,326. This trade represents a 38.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,593 shares of company stock valued at $330,291 in the last ninety days. 8.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on INDI shares. Benchmark lowered their price target on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. UBS Group started coverage on shares of indie Semiconductor in a report on Friday, January 24th. They issued a “neutral” rating and a $4.50 target price for the company. Finally, Roth Mkm cut their price target on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.29.

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.