indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont Sells 65,754 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 65,754 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $190,686.60. Following the sale, the chief executive officer now owns 246,535 shares in the company, valued at approximately $714,951.50. This trade represents a 21.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, February 27th, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.12, for a total transaction of $156,000.00.
• On Monday, December 16th, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00.

indie Semiconductor Stock Performance

Shares of INDI opened at $2.74 on Tuesday. The company has a market cap of $553.25 million, a price-to-earnings ratio of -3.61 and a beta of 1.54. The business’s fifty day simple moving average is $3.89 and its two-hundred day simple moving average is $3.99. indie Semiconductor, Inc. has a 12 month low of $2.43 and a 12 month high of $7.82. 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 (NASDAQ:INDI) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The business had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $58.20 million. Research analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Institutional Trading of indie Semiconductor

A number of large investors have recently made changes to their positions in the stock. National Bank of Canada FI lifted its position in indie Semiconductor by 42.7% during the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company’s stock valued at $54,000 after purchasing an additional 4,023 shares during the period. ArrowMark Colorado Holdings LLC purchased a new stake in indie Semiconductor during the 4th quarter valued at $55,000. Regal Investment Advisors LLC lifted its holdings in shares of indie Semiconductor by 39.2% during the 4th quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company’s stock valued at $57,000 after buying an additional 3,988 shares during the period. Virtu Financial LLC bought a new position in shares of indie Semiconductor during the 3rd quarter valued at $58,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of indie Semiconductor by 74.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company’s stock worth $60,000 after buying an additional 6,363 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on INDI. KeyCorp dropped their price target 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 report on Friday, January 24th. They issued a “neutral” rating and a $4.50 target price on the stock. Finally, Benchmark reduced their price target on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.50.

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.