indie Semiconductor, Inc. (NASDAQ:INDI) CEO Sells 50,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $3.12, for a total transaction of $156,000.00. Following the sale, the chief executive officer now directly owns 65,932 shares of the company’s stock, valued at $205,707.84. The trade was a 43.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Donald Mcclymont also recently made the following trade(s):

• On Monday, December 16th, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00.

indie Semiconductor Trading Down 8.0 %

INDI stock traded down $0.24 during mid-day trading on Monday, hitting $2.77. 5,935,001 shares of the company were exchanged, compared to its average volume of 4,128,873. indie Semiconductor, Inc. has a 12-month low of $2.66 and a 12-month 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 fifty day simple moving average of $4.03 and a 200-day simple moving average of $4.03. The firm has a market capitalization of $559.31 million, a P/E ratio of -3.64 and a beta of 1.41.

indie Semiconductor (NASDAQ:INDI) last released its earnings results on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. The firm had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $58.20 million. On average, equities research analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Benchmark lowered their target price on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Roth Mkm dropped their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, November 8th. KeyCorp reduced their price target on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, UBS Group began coverage on shares of indie Semiconductor in a research report on Friday, January 24th. They set a “neutral” rating and a $4.50 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.50.

Institutional Trading of indie Semiconductor

A number of institutional investors have recently bought and sold shares of the business. Regal Investment Advisors LLC lifted its stake in indie Semiconductor by 39.2% during the fourth quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company’s stock worth $57,000 after purchasing an additional 3,988 shares during the last quarter. National Bank of Canada FI lifted its position in indie Semiconductor by 42.7% in the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company’s stock valued at $54,000 after acquiring an additional 4,023 shares during the last quarter. Rhumbline Advisers boosted its stake in indie Semiconductor by 1.8% in the fourth quarter. Rhumbline Advisers now owns 239,090 shares of the company’s stock valued at $968,000 after acquiring an additional 4,156 shares in the last quarter. Invesco Ltd. increased its position in shares of indie Semiconductor by 5.5% during the fourth quarter. Invesco Ltd. now owns 93,328 shares of the company’s stock worth $378,000 after purchasing an additional 4,879 shares in the last quarter. Finally, American Trust lifted its holdings in shares of indie Semiconductor by 20.3% in the 4th quarter. American Trust now owns 34,845 shares of the company’s stock valued at $141,000 after purchasing an additional 5,869 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.