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

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

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

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

indie Semiconductor Stock Performance

Shares of INDI stock traded down $0.24 during mid-day trading on Monday, reaching $2.77. The stock had a trading volume of 5,935,001 shares, compared to its average volume of 4,128,873. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 1-year low of $2.66 and a 1-year high of $7.82. The firm has a market cap of $559.31 million, a price-to-earnings ratio of -3.64 and a beta of 1.41. The business’s fifty day moving average is $4.03 and its 200-day moving average is $4.03.

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

Analyst Upgrades and Downgrades

INDI has been the topic of a number of recent research reports. Benchmark dropped their price objective on shares of indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. KeyCorp dropped their target price on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. UBS Group initiated coverage on indie Semiconductor in a research report on Friday, January 24th. They issued a “neutral” rating and a $4.50 price target for the company. Finally, Roth Mkm dropped their price objective on 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 research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.50.

Hedge Funds Weigh In On indie Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the business. American Trust boosted its position in indie Semiconductor by 20.3% during the fourth quarter. American Trust now owns 34,845 shares of the company’s stock worth $141,000 after purchasing an additional 5,869 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of indie Semiconductor by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,954 shares of the company’s stock valued at $1,069,000 after buying an additional 32,979 shares in the last quarter. Two Sigma Investments LP acquired a new stake in indie Semiconductor in the 4th quarter valued at $386,000. ProShare Advisors LLC increased its holdings in indie Semiconductor by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 46,197 shares of the company’s stock worth $187,000 after acquiring an additional 15,202 shares in the last quarter. Finally, Meros Investment Management LP raised its position in indie Semiconductor by 43.4% during the fourth quarter. Meros Investment Management LP now owns 1,240,949 shares of the company’s stock worth $5,026,000 after acquiring an additional 375,624 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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.