indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont Sells 50,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction on 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. This trade represents a 73.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, November 26th, Donald Mcclymont sold 3,081 shares of indie Semiconductor stock. The stock was 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 value of $942,000.00.

indie Semiconductor Stock Performance

NASDAQ INDI traded down $0.27 during trading hours on Wednesday, hitting $4.12. The company had a trading volume of 5,588,743 shares, compared to its average volume of 3,253,567. The business has a 50 day moving average of $4.16 and a 200-day moving average of $4.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. The company has a market cap of $831.89 million, a PE ratio of -6.15 and a beta of 1.37. indie Semiconductor, Inc. has a 1-year low of $3.16 and a 1-year high of $8.69.

Wall Street Analyst Weigh In

INDI has been the topic of several recent research reports. Roth Mkm cut their price target on indie Semiconductor from $7.00 to $5.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Benchmark lowered their price objective on shares of indie Semiconductor from $12.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, indie Semiconductor currently has an average rating of "Buy" and a consensus target price of $8.92.

Institutional Investors Weigh In On indie Semiconductor

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of indie Semiconductor during the 2nd quarter valued at $156,000. Tempus Wealth Planning LLC boosted its holdings in shares of indie Semiconductor by 30.6% in the 2nd quarter. Tempus Wealth Planning LLC now owns 22,353 shares of the company's stock worth $138,000 after acquiring an additional 5,238 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of indie Semiconductor in the second quarter valued at approximately $478,000. Bank of New York Mellon Corp lifted its position in indie Semiconductor by 24.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 643,273 shares of the company's stock valued at $3,969,000 after purchasing an additional 125,158 shares during the period. Finally, SlateStone Wealth LLC bought a new position in shares of indie Semiconductor in the 2nd quarter worth $82,000. Institutional investors 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.

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