Insider Selling: indie Semiconductor, Inc. (NASDAQ:INDI) CEO Sells 50,000 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00. Following the transaction, the chief executive officer now owns 18,351 shares in the company, valued at approximately $79,092.81. The trade was a 73.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, November 26th, Donald Mcclymont sold 3,081 shares of indie Semiconductor stock. The shares were sold at an average price of $5.50, for a total transaction of $16,945.50.
• On Tuesday, November 12th, Donald Mcclymont sold 200,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00.

indie Semiconductor Trading Down 1.0 %

NASDAQ:INDI opened at $4.10 on Friday. The firm has a 50 day moving average of $4.17 and a 200 day moving average of $4.82. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.69. The stock has a market capitalization of $827.86 million, a price-to-earnings ratio of -6.12 and a beta of 1.37.

Institutional Trading of indie Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in INDI. Xponance Inc. purchased a new position in shares of indie Semiconductor in the 2nd quarter valued at approximately $63,000. Legato Capital Management LLC acquired a new position in indie Semiconductor during the 2nd quarter valued at approximately $76,000. SlateStone Wealth LLC purchased a new position in shares of indie Semiconductor in the second quarter worth $82,000. Virtu Financial LLC acquired a new stake in shares of indie Semiconductor during the third quarter worth $58,000. Finally, Algert Global LLC purchased a new stake in shares of indie Semiconductor during the second quarter valued at $97,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INDI. Roth Mkm lowered their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, November 8th. Benchmark decreased their price objective on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, indie Semiconductor has an average rating of “Buy” and a consensus target price of $8.92.

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.