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

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 65,754 shares of indie Semiconductor stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $2.90, for a total value of $190,686.60. Following the sale, the chief executive officer now owns 246,535 shares of the company’s stock, valued at approximately $714,951.50. This represents a 21.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

indie Semiconductor Stock Performance

Shares of NASDAQ INDI opened at $2.58 on Wednesday. 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 business’s 50 day moving average is $3.86 and its two-hundred day moving average is $3.98. The company has a market cap of $520.94 million, a P/E ratio of -3.39 and a beta of 1.54. indie Semiconductor, Inc. has a 12 month low of $2.43 and a 12 month high of $7.82.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $58.01 million during the quarter, compared to the consensus estimate of $58.20 million. indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. On average, equities analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Benchmark cut their price objective on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. KeyCorp cut their price objective on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Finally, UBS Group assumed coverage on indie Semiconductor in a research note on Friday, January 24th. They issued a “neutral” rating and a $4.50 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Institutional Trading of indie Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Primecap Management Co. CA increased its position in shares of indie Semiconductor by 3.2% during the fourth quarter. Primecap Management Co. CA now owns 26,287,766 shares of the company’s stock valued at $106,465,000 after purchasing an additional 819,321 shares during the period. Bamco Inc. NY boosted its stake in indie Semiconductor by 30.6% in the 4th quarter. Bamco Inc. NY now owns 19,901,826 shares of the company’s stock valued at $80,602,000 after buying an additional 4,661,220 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in indie Semiconductor by 60.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 17,374,268 shares of the company’s stock valued at $70,366,000 after buying an additional 6,517,978 shares in the last quarter. Vanguard Group Inc. boosted its stake in indie Semiconductor by 8.1% in the 4th quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company’s stock valued at $50,970,000 after buying an additional 942,088 shares in the last quarter. Finally, State Street Corp boosted its stake in indie Semiconductor by 2.3% in the 3rd quarter. State Street Corp now owns 7,102,029 shares of the company’s stock valued at $28,337,000 after buying an additional 161,132 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

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.