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

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 stock was sold at an average price of $5.68, for a total value of $340,800.00. Following the transaction, the chief financial officer now owns 1,039,583 shares in the company, valued at approximately $5,904,831.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

indie Semiconductor Stock Down 3.2 %

INDI opened at $5.82 on Thursday. indie Semiconductor, Inc. has a 1 year low of $4.67 and a 1 year high of $10.85. The firm has a 50 day moving average price of $6.28 and a 200 day moving average price of $6.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.72 and a current ratio of 1.96. The company has a market cap of $1.07 billion, a PE ratio of -6.94 and a beta of 1.21.

indie Semiconductor (NASDAQ:INDI) last issued its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.04. indie Semiconductor had a negative return on equity of 15.84% and a negative net margin of 52.46%. The company had revenue of $70.13 million during the quarter, compared to the consensus estimate of $72.69 million. Sell-side analysts expect that indie Semiconductor, Inc. will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On indie Semiconductor

Several large investors have recently modified their holdings of INDI. Granahan Investment Management LLC increased its holdings in shares of indie Semiconductor by 63.3% in the 4th quarter. Granahan Investment Management LLC now owns 13,194,588 shares of the company’s stock worth $107,008,000 after acquiring an additional 5,115,393 shares during the period. Bamco Inc. NY increased its stake in shares of indie Semiconductor by 88.9% in the third quarter. Bamco Inc. NY now owns 11,038,885 shares of the company’s stock valued at $69,545,000 after purchasing an additional 5,193,775 shares during the period. Vanguard Group Inc. raised its holdings in shares of indie Semiconductor by 9.2% during the third quarter. Vanguard Group Inc. now owns 9,028,012 shares of the company’s stock valued at $56,876,000 after buying an additional 763,140 shares during the last quarter. Primecap Management Co. CA boosted its position in shares of indie Semiconductor by 20.7% during the fourth quarter. Primecap Management Co. CA now owns 5,060,480 shares of the company’s stock worth $41,040,000 after buying an additional 867,180 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in indie Semiconductor by 40.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,138,449 shares of the company’s stock worth $25,453,000 after buying an additional 902,530 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. KeyCorp lowered their target price on shares of indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Craig Hallum lowered their price objective on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, indie Semiconductor currently 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.