indie Semiconductor (INDI) to Release Quarterly Earnings on Thursday

indie Semiconductor (NASDAQ:INDI) is expected to be releasing its earnings data after the market closes on Thursday, February 20th. Analysts expect indie Semiconductor to post earnings of ($0.07) per share and revenue of $58.20 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

indie Semiconductor Price Performance

Shares of NASDAQ:INDI opened at $3.63 on Thursday. indie Semiconductor has a 52-week low of $3.16 and a 52-week high of $7.82. The business has a fifty day moving average of $4.23 and a two-hundred day moving average of $4.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39.

Insiders Place Their Bets

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $4.31, for a total transaction of $215,500.00. Following the sale, the chief executive officer now directly owns 18,351 shares in the company, valued at $79,092.81. This represents a 73.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Wittmann sold 18,375 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50. Following the sale, the chief operating officer now directly owns 28,860 shares in the company, valued at $118,326. This 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 worth $330,291 over the last ninety days. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.