indie Semiconductor (NASDAQ:INDI) Shares Down 5.4% – Time to Sell?

indie Semiconductor, Inc. (NASDAQ:INDI)’s share price was down 5.4% during trading on Monday . The stock traded as low as $4.22 and last traded at $4.22. Approximately 244,641 shares changed hands during trading, a decline of 92% from the average daily volume of 2,889,697 shares. The stock had previously closed at $4.46.

Analyst Ratings Changes

INDI has been the subject of several research analyst reports. Roth Mkm cut their price objective on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered their target price 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, Benchmark lowered their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $9.79.

indie Semiconductor Trading Up 14.7 %

The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The firm has a market cap of $946.99 million, a price-to-earnings ratio of -7.00 and a beta of 1.22. The business has a 50 day moving average of $3.83 and a 200 day moving average of $5.09.

Insider Transactions at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $4.71, for a total transaction of $942,000.00. Following the sale, the chief executive officer now directly owns 18,351 shares in the company, valued at $86,433.21. The trade was a 91.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas Schiller sold 75,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total value of $287,250.00. Following the completion of the transaction, the chief financial officer now owns 977,192 shares of the company’s stock, valued at approximately $3,742,645.36. The trade was a 7.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 278,531 shares of company stock worth $1,242,915 in the last three months. 8.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in indie Semiconductor by 1,743.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock valued at $25,000 after acquiring an additional 3,906 shares in the last quarter. Xponance Inc. bought a new position in shares of indie Semiconductor in the second quarter valued at $63,000. Legato Capital Management LLC acquired a new stake in indie Semiconductor during the 2nd quarter valued at $76,000. SlateStone Wealth LLC acquired a new stake in indie Semiconductor during the 2nd quarter valued at $82,000. Finally, Algert Global LLC acquired a new stake in indie Semiconductor during the 2nd quarter valued at $97,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.