Thomas Schiller Sells 60,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Thomas Schiller sold 60,000 shares of indie Semiconductor stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total transaction of $340,800.00. Following the completion of the transaction, the chief financial officer now directly owns 1,039,583 shares in the company, valued at approximately $5,904,831.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

indie Semiconductor Trading Down 2.0 %

Shares of indie Semiconductor stock opened at $6.01 on Wednesday. indie Semiconductor, Inc. has a 1 year low of $4.67 and a 1 year 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’s fifty day simple moving average is $6.29 and its 200-day simple moving average is $6.68. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -7.07 and a beta of 1.21.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $72.69 million. As a group, sell-side analysts expect that indie Semiconductor, Inc. will post -0.42 EPS for the current year.

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors have recently bought and sold shares of INDI. Nisa Investment Advisors LLC boosted its stake in indie Semiconductor by 269.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock worth $50,000 after buying an additional 4,470 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in indie Semiconductor during the first quarter worth $53,000. Newbridge Financial Services Group Inc. boosted its stake 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 in the last quarter. Psagot Value Holdings Ltd. Israel boosted its stake in shares of indie Semiconductor by 24.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock valued at $69,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in shares of indie Semiconductor by 66.7% in the 1st quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $71,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INDI. KeyCorp dropped their price target on shares of indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Craig Hallum lowered their price objective on shares of indie Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $13.50.

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.