Thomas Schiller Sells 75,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Thomas Schiller sold 75,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total transaction of $287,250.00. Following the completion of the sale, the chief financial officer now directly owns 977,192 shares of the company’s stock, valued at $3,742,645.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

indie Semiconductor Stock Up 3.0 %

Shares of INDI stock opened at $3.90 on Thursday. The stock has a market cap of $768.95 million, a P/E ratio of -7.95 and a beta of 1.20. indie Semiconductor, Inc. has a one year low of $3.73 and a one year high of $8.69. The stock has a fifty day moving average price of $5.33 and a 200 day moving average price of $6.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.66 and a quick ratio of 2.20.

indie Semiconductor (NASDAQ:INDI) last issued its earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $53.61 million. indie Semiconductor had a negative return on equity of 22.48% and a negative net margin of 34.65%. indie Semiconductor’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned ($0.11) earnings per share. Analysts predict that indie Semiconductor, Inc. will post -0.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INDI. Primecap Management Co. CA lifted its holdings in shares of indie Semiconductor by 93.5% during the second quarter. Primecap Management Co. CA now owns 15,779,119 shares of the company’s stock valued at $97,357,000 after acquiring an additional 7,624,797 shares during the period. Granahan Investment Management LLC increased its stake in shares of indie Semiconductor by 63.3% in the fourth quarter. Granahan Investment Management LLC now owns 13,194,588 shares of the company’s stock valued at $107,008,000 after buying an additional 5,115,393 shares in the last quarter. Bamco Inc. NY increased its stake in shares of indie Semiconductor by 28.0% in the first quarter. Bamco Inc. NY now owns 14,285,896 shares of the company’s stock valued at $101,144,000 after buying an additional 3,121,255 shares in the last quarter. Intrinsic Edge Capital Management LLC increased its stake in shares of indie Semiconductor by 132.5% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 2,893,484 shares of the company’s stock valued at $23,466,000 after buying an additional 1,648,818 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of indie Semiconductor by 4,346.7% in the fourth quarter. UBS Group AG now owns 1,484,697 shares of the company’s stock valued at $12,041,000 after buying an additional 1,451,308 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INDI has been the subject of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $13.50 price target (down from $14.50) on shares of indie Semiconductor in a report on Friday, May 10th. Roth Mkm lowered their price target on indie Semiconductor from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, KeyCorp reduced their price objective on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $11.21.

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.