indie Semiconductor, Inc. (NASDAQ:INDI) Given Average Rating of "Moderate Buy" by Brokerages

Shares of indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $8.29.

A number of equities research analysts have recently weighed in on the company. Roth Mkm lowered their price target on indie Semiconductor from $7.00 to $5.00 and set a "buy" rating for the company in a report on Friday, November 8th. UBS Group assumed coverage on indie Semiconductor in a report on Friday, January 24th. They issued a "neutral" rating and a $4.50 price target for the company. Finally, Benchmark lowered their price target on indie Semiconductor from $12.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, November 5th.

indie Semiconductor Stock Down 0.8 %

INDI stock traded down $0.03 during midday trading on Tuesday, hitting $3.86. 2,155,649 shares of the company's stock were exchanged, compared to its average volume of 3,707,281. 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 has a 12-month low of $3.16 and a 12-month high of $7.82. The firm has a 50 day moving average price of $4.22 and a 200-day moving average price of $4.14. The stock has a market capitalization of $779.41 million, a price-to-earnings ratio of -5.76 and a beta of 1.41.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the business's 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael Wittmann sold 18,375 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $4.10, for a total value of $75,337.50. Following the transaction, the chief operating officer now owns 28,860 shares of the company's stock, valued at $118,326. This trade represents a 38.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,593 shares of company stock worth $330,291 in the last 90 days. 8.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in INDI. Primecap Management Co. CA boosted its position in indie Semiconductor by 61.4% during the 3rd quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company's stock worth $101,619,000 after acquiring an additional 9,689,326 shares during the period. Artemis Investment Management LLP lifted its holdings in shares of indie Semiconductor by 482.7% in the fourth quarter. Artemis Investment Management LLP now owns 6,539,694 shares of the company's stock valued at $26,486,000 after buying an additional 5,417,296 shares during the period. Elemental Capital Partners LLC acquired a new stake in shares of indie Semiconductor in the fourth quarter valued at $14,272,000. Harbor Capital Advisors Inc. lifted its holdings in shares of indie Semiconductor by 290.6% in the third quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company's stock valued at $12,752,000 after buying an additional 2,377,612 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of indie Semiconductor in the fourth quarter valued at $6,040,000. Institutional investors and hedge funds own 67.73% of the company's stock.

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.