indie Semiconductor, Inc. (NASDAQ:INDI) Receives $13.50 Average PT from Brokerages

indie Semiconductor, Inc. (NASDAQ:INDI) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.50.

INDI has been the subject of a number of research analyst reports. KeyCorp decreased their target price on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Craig Hallum decreased their price objective on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, February 23rd.

Insider Buying and Selling at indie Semiconductor

In related news, CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $6.25, for a total value of $312,500.00. Following the transaction, the chief executive officer now directly owns 76,750 shares in the company, valued at approximately $479,687.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other indie Semiconductor news, COO Michael Wittmann sold 8,700 shares of indie Semiconductor stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.95, for a total value of $60,465.00. Following the sale, the chief operating officer now owns 35,460 shares of the company’s stock, valued at approximately $246,447. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $6.25, for a total value of $312,500.00. Following the transaction, the chief executive officer now directly owns 76,750 shares of the company’s stock, valued at $479,687.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,491 shares of company stock worth $730,936. 9.90% of the stock is currently owned by insiders.

Institutional Trading of indie Semiconductor

Institutional investors have recently modified their holdings of the business. Point72 Middle East FZE acquired a new stake in indie Semiconductor in the fourth quarter valued at $28,000. UBS Group AG increased its holdings in shares of indie Semiconductor by 384.8% in the 3rd quarter. UBS Group AG now owns 3,849 shares of the company’s stock valued at $29,000 after purchasing an additional 3,055 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of indie Semiconductor by 269.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock valued at $50,000 after purchasing an additional 4,470 shares during the period. Financial Management Professionals Inc. purchased a new stake in indie Semiconductor during the first quarter worth about $53,000. Finally, Newbridge Financial Services Group Inc. grew its position in indie Semiconductor by 40.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after buying an additional 2,000 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

indie Semiconductor Stock Down 3.2 %

Shares of NASDAQ:INDI opened at $5.36 on Wednesday. The firm has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $6.65. indie Semiconductor has a twelve month low of $4.67 and a twelve month high of $10.85. The company has a current ratio of 1.96, a quick ratio of 1.72 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $982.06 million, a PE ratio of -6.31 and a beta of 1.15.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.04. indie Semiconductor had a negative net margin of 52.46% and a negative return on equity of 15.84%. The firm had revenue of $70.13 million for the quarter, compared to analyst estimates of $72.69 million. On average, equities analysts predict that indie Semiconductor will post -0.42 EPS for the current fiscal year.

indie Semiconductor Company Profile

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.