indie Semiconductor (INDI) Expected to Announce Quarterly Earnings on Thursday

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

indie Semiconductor Stock Performance

NASDAQ INDI opened at $3.86 on Tuesday. indie Semiconductor has a 12 month low of $3.16 and a 12 month high of $7.82. The company has a 50-day moving average of $4.21 and a 200-day moving average of $4.11. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

A number of analysts have recently issued reports on INDI shares. Roth Mkm decreased their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, November 8th. UBS Group started coverage on indie Semiconductor in a report on Friday, January 24th. They set a “neutral” rating and a $4.50 target price for the company. Finally, Benchmark decreased their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.29.

Insiders Place Their Bets

In other indie Semiconductor news, COO Michael Wittmann sold 18,375 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $4.10, for a total value of $75,337.50. Following the completion of the transaction, the chief operating officer now owns 28,860 shares in the company, valued at $118,326. This represents a 38.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $4.31, for a total value of $215,500.00. Following the completion of the transaction, the chief executive officer now owns 18,351 shares of the company’s stock, valued at approximately $79,092.81. This represents a 73.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,593 shares of company stock worth $330,291 in the last 90 days. 8.20% of the stock is owned by company insiders.

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.