indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells $10,933.60 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 1,580 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $6.92, for a total value of $10,933.60. Following the completion of the transaction, the chief operating officer now owns 35,460 shares of the company’s stock, valued at $245,383.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Wittmann also recently made the following trade(s):

• On Monday, March 11th, Michael Wittmann sold 8,700 shares of indie Semiconductor stock. The shares were sold at an average price of $6.95, for a total value of $60,465.00.
• On Wednesday, February 21st, Michael Wittmann sold 1,211 shares of indie Semiconductor stock. The shares were sold at an average price of $7.05, for a total value of $8,537.55.

indie Semiconductor Stock Down 6.6 %

INDI traded down $0.44 on Friday, reaching $6.20. The company’s stock had a trading volume of 3,530,578 shares, compared to its average volume of 2,456,258. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -7.38 and a beta of 1.14. indie Semiconductor, Inc. has a 1 year low of $4.67 and a 1 year high of $11.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.96 and a quick ratio of 1.72. The business’s 50 day moving average is $6.73 and its 200 day moving average is $6.67.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $70.13 million during the quarter, compared to the consensus estimate of $72.69 million. indie Semiconductor had a negative return on equity of 15.84% and a negative net margin of 52.46%. As a group, research analysts forecast that indie Semiconductor, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG lifted its holdings in indie Semiconductor by 384.8% during the 3rd quarter. UBS Group AG now owns 3,849 shares of the company’s stock worth $29,000 after buying an additional 3,055 shares during the last quarter. LifePro Asset Management bought a new position in indie Semiconductor during the 3rd quarter worth approximately $43,000. Point72 Middle East FZE bought a new position in indie Semiconductor during the 4th quarter worth approximately $28,000. Nisa Investment Advisors LLC lifted its holdings in indie Semiconductor by 269.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock worth $50,000 after buying an additional 4,470 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its holdings in indie Semiconductor by 29.5% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 7,598 shares of the company’s stock worth $71,000 after buying an additional 1,733 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on INDI. KeyCorp dropped their price target on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. CJS Securities began coverage on indie Semiconductor in a research note on Friday, December 1st. They set an “outperform” rating and a $15.00 price target for the company. Finally, Craig Hallum dropped their price target on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.50.

indie Semiconductor Company Profile

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.