indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Research Report on indie Semiconductor
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.
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