indie Semiconductor, Inc. (NASDAQ:INDI) Receives $7.50 Average PT from Brokerages

Shares of indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $7.50.

Several research firms recently issued reports on INDI. UBS Group assumed coverage on indie Semiconductor in a research note on Friday, January 24th. They issued a "neutral" rating and a $4.50 target price on the stock. KeyCorp cut their price objective on indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Finally, Benchmark decreased their target price on indie Semiconductor from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, February 21st.

Insider Transactions at indie Semiconductor

In related news, COO Michael Wittmann sold 10,875 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $2.81, for a total transaction of $30,558.75. Following the sale, the chief operating officer now owns 77,887 shares of the company's stock, valued at $218,862.47. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald Mcclymont sold 65,754 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $190,686.60. Following the transaction, the chief executive officer now directly owns 246,535 shares of the company's stock, valued at $714,951.50. This represents a 21.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,789 shares of company stock valued at $747,537 in the last three months. 8.20% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

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

indie Semiconductor Trading Down 5.8 %

indie Semiconductor stock traded down $0.16 during trading hours on Friday, reaching $2.58. The company had a trading volume of 3,660,293 shares, compared to its average volume of 4,154,923. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. indie Semiconductor has a 12-month low of $2.43 and a 12-month high of $7.82. The company has a 50-day moving average price of $3.89 and a 200 day moving average price of $3.99. The firm has a market cap of $520.94 million, a price-to-earnings ratio of -3.39 and a beta of 1.54.

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

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.