indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells $30,558.75 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) COO Michael Wittmann sold 10,875 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $2.81, for a total transaction of $30,558.75. Following the completion of the transaction, the chief operating officer now directly owns 77,887 shares of the company's stock, valued at approximately $218,862.47. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Michael Wittmann also recently made the following trade(s):

• On Friday, March 7th, Michael Wittmann sold 13,570 shares of indie Semiconductor stock. The stock was sold at an average price of $2.90, for a total value of $39,353.00.
• On Monday, January 6th, Michael Wittmann sold 2,012 shares of indie Semiconductor stock. The stock was sold at an average price of $4.71, for a total value of $9,476.52.
• On Thursday, January 2nd, Michael Wittmann sold 3,125 shares of indie Semiconductor stock. The stock was sold at an average price of $4.17, for a total transaction of $13,031.25.
• On Monday, December 23rd, Michael Wittmann sold 18,375 shares of indie Semiconductor stock. The stock was sold at an average price of $4.10, for a total value of $75,337.50.

indie Semiconductor Stock Performance

NASDAQ:INDI traded down $0.05 on Friday, hitting $2.34. The company's stock had a trading volume of 8,320,544 shares, compared to its average volume of 4,233,658. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a one year low of $2.29 and a one year high of $7.82. The stock has a fifty day moving average of $3.75 and a two-hundred day moving average of $3.94. The firm has a market capitalization of $472.48 million, a P/E ratio of -3.08 and a beta of 1.54.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. American Trust increased its stake in indie Semiconductor by 20.3% in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of indie Semiconductor by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,954 shares of the company's stock worth $1,069,000 after buying an additional 32,979 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of indie Semiconductor during the 4th quarter worth $386,000. ProShare Advisors LLC grew its position in indie Semiconductor by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 46,197 shares of the company's stock valued at $187,000 after acquiring an additional 15,202 shares during the last quarter. Finally, Meros Investment Management LP raised its stake in indie Semiconductor by 43.4% during the fourth quarter. Meros Investment Management LP now owns 1,240,949 shares of the company's stock worth $5,026,000 after acquiring an additional 375,624 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. KeyCorp reduced their price target on indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. UBS Group initiated coverage on shares of indie Semiconductor in a research note on Friday, January 24th. They issued a "neutral" rating and a $4.50 price target on the stock. Finally, Benchmark reduced their price objective on shares of indie Semiconductor from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, indie Semiconductor presently has a consensus 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.