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

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $3.12, for a total value of $156,000.00. Following the completion of the sale, the chief executive officer now owns 65,932 shares of the company's stock, valued at approximately $205,707.84. This trade represents a 43.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

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

indie Semiconductor Stock Performance

NASDAQ:INDI traded down $0.01 during trading hours on Friday, reaching $2.93. 2,582,077 shares of the stock were exchanged, compared to its average volume of 4,177,188. The stock has a market capitalization of $591.61 million, a P/E ratio of -3.86 and a beta of 1.54. The firm has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $4.01. 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 $2.43 and a 52 week high of $7.82.

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indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $58.01 million for the quarter, compared to analyst estimates of $58.20 million. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. As a group, sell-side analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Regal Investment Advisors LLC lifted its holdings in shares of indie Semiconductor by 39.2% in the 4th quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock worth $57,000 after purchasing an additional 3,988 shares during the last quarter. National Bank of Canada FI lifted its stake in indie Semiconductor by 42.7% in the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock valued at $54,000 after buying an additional 4,023 shares during the last quarter. Rhumbline Advisers lifted its stake in indie Semiconductor by 1.8% in the fourth quarter. Rhumbline Advisers now owns 239,090 shares of the company's stock valued at $968,000 after buying an additional 4,156 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of indie Semiconductor by 5.5% during the fourth quarter. Invesco Ltd. now owns 93,328 shares of the company's stock valued at $378,000 after acquiring an additional 4,879 shares during the period. Finally, American Trust boosted its holdings in shares of indie Semiconductor by 20.3% during the fourth quarter. American Trust now owns 34,845 shares of the company's stock valued at $141,000 after acquiring an additional 5,869 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. KeyCorp lowered their price target on shares of indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Roth Mkm dropped their target price on indie Semiconductor from $7.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Benchmark reduced their price target on indie Semiconductor from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, UBS Group started coverage on indie Semiconductor in a report on Friday, January 24th. They set a "neutral" rating and a $4.50 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.50.

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.