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

Shares of indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) have received an average rating of "Buy" from the seven research firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.79.

Several analysts have commented on INDI shares. Benchmark decreased their target price 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of indie Semiconductor from $9.00 to $7.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, Roth Mkm cut their target price on indie Semiconductor from $7.00 to $5.00 and set a "buy" rating on the stock in a report on Friday, November 8th.

indie Semiconductor Stock Up 0.6 %

Shares of NASDAQ INDI traded up $0.03 during trading hours on Thursday, hitting $5.03. The stock had a trading volume of 1,928,698 shares, compared to its average volume of 2,897,500. The company has a market capitalization of $1.02 billion, a P/E ratio of -7.51 and a beta of 1.22. The firm's 50-day moving average price is $3.97 and its two-hundred day moving average price is $5.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. indie Semiconductor has a 52 week low of $3.16 and a 52 week high of $8.69.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, CFO Thomas Schiller sold 75,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total value of $287,250.00. Following the transaction, the chief financial officer now directly owns 977,192 shares of the company's stock, valued at $3,742,645.36. The trade was a 7.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Donald Mcclymont sold 200,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total value of $942,000.00. Following the completion of the sale, the chief executive officer now directly owns 18,351 shares of the company's stock, valued at $86,433.21. This represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 278,531 shares of company stock worth $1,242,915 over the last ninety days. Company insiders own 8.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of indie Semiconductor by 1,743.8% in the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company's stock valued at $25,000 after buying an additional 3,906 shares during the period. Virtu Financial LLC bought a new stake in shares of indie Semiconductor in the 3rd quarter worth approximately $58,000. Xponance Inc. acquired a new stake in shares of indie Semiconductor during the 2nd quarter worth approximately $63,000. Creative Planning acquired a new stake in shares of indie Semiconductor during the 3rd quarter worth approximately $75,000. Finally, Legato Capital Management LLC bought a new stake in shares of indie Semiconductor during the second quarter valued at approximately $76,000. 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.