indie Semiconductor (NASDAQ:INDI) CEO Donald Mcclymont Sells 50,000 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald McClymont sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $3.11, for a total value of $155,500.00. Following the sale, the chief executive officer directly owned 481,026 shares of the company’s stock, valued at approximately $1,495,990.86. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, September 2nd, Donald McClymont sold 13,384 shares of indie Semiconductor stock. The shares were sold at an average price of $3.53, for a total value of $47,245.52.
• On Monday, August 31st, Donald McClymont sold 46,928 shares of indie Semiconductor stock. The shares were sold at an average price of $3.72, for a total value of $174,572.16.
• On Thursday, July 2nd, Donald McClymont sold 126,496 shares of indie Semiconductor stock. The stock was sold at an average price of $4.45, for a total value of $562,907.20.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock traded up $0.11 during trading on Thursday, reaching $3.13. The company’s stock had a trading volume of 4,302,140 shares, compared to its average volume of 5,364,504. The business’s 50-day moving average price is $3.74 and its 200-day moving average price is $3.73. The firm has a market cap of $725.57 million, a PE ratio of -4.29 and a beta of 2.78. indie Semiconductor, Inc. has a 52 week low of $2.32 and a 52 week high of $6.05. The company has a quick ratio of 2.86, a current ratio of 3.65 and a debt-to-equity ratio of 1.25.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 32.02%. The business had revenue of $64.01 million for the quarter, compared to analyst estimates of $62.49 million. During the same period last year, the firm earned ($0.08) earnings per share. indie Semiconductor’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities analysts forecast that indie Semiconductor, Inc. will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TD Cowen lifted their price target on shares of indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Monday, July 13th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Friday, July 17th. Finally, Roth Capital set a $5.00 price objective on indie Semiconductor in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, indie Semiconductor has an average rating of “Hold” and an average target price of $4.75.

Hedge Funds Weigh In On indie Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. Madison Asset Management LLC bought a new stake in shares of indie Semiconductor during the 2nd quarter worth $2,310,000. Dimensional Fund Advisors LP lifted its holdings in shares of indie Semiconductor by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,873,776 shares of the company’s stock worth $6,033,000 after acquiring an additional 308,620 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of indie Semiconductor by 130.0% during the first quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock worth $12,272,000 after buying an additional 2,154,279 shares in the last quarter. General American Investors Co. Inc. increased its holdings in shares of indie Semiconductor by 14.7% during the fourth quarter. General American Investors Co. Inc. now owns 1,954,849 shares of the company’s stock worth $6,901,000 after buying an additional 250,000 shares in the last quarter. Finally, Elemental Capital Partners LLC raised its position in indie Semiconductor by 60.0% in the first quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock valued at $40,715,000 after purchasing an additional 4,741,680 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

indie Semiconductor Company Profile

indie Semiconductor, Inc develops semiconductor and software solutions for the automotive industry. Its technology is designed to support advanced driver-assistance systems (ADAS), autonomous-driving applications, vehicle connectivity, and in-cabin user experiences.

The company’s product portfolio includes radar and lidar components, computer-vision processors, automotive imaging solutions, wireless connectivity products, audio and voice-processing technologies, and power-management devices.