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

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.50.

A number of analysts have recently weighed in on the stock. KeyCorp reduced their target price on shares of indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. UBS Group started coverage on indie Semiconductor in a research note on Friday, January 24th. They set a "neutral" rating and a $4.50 price objective on the stock. Benchmark reaffirmed a "buy" rating and issued a $8.00 price objective on shares of indie Semiconductor in a research note on Wednesday, April 9th. Finally, B. Riley reiterated a "buy" rating on shares of indie Semiconductor in a report on Thursday, April 24th.

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 65,754 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $2.90, for a total value of $190,686.60. Following the sale, the chief executive officer now owns 246,535 shares in the company, valued at $714,951.50. This trade represents a 21.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Michael Wittmann sold 10,875 shares of the business's stock in a transaction on 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 directly owns 77,887 shares of the company's stock, valued at $218,862.47. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,277 shares of company stock worth $434,192 over the last 90 days. Company insiders own 8.20% of the company's stock.

Institutional Investors Weigh In On indie Semiconductor

Large investors have recently added to or reduced their stakes in the stock. Regal Investment Advisors LLC grew its position in shares of indie Semiconductor by 39.2% during the 4th quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock worth $57,000 after buying an additional 3,988 shares in 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 worth $54,000 after acquiring an additional 4,023 shares during the period. Rhumbline Advisers increased its position in indie Semiconductor by 1.8% during the 4th quarter. Rhumbline Advisers now owns 239,090 shares of the company's stock valued at $968,000 after purchasing an additional 4,156 shares during the period. Invesco Ltd. raised its holdings in shares of indie Semiconductor by 5.5% in the 4th quarter. Invesco Ltd. now owns 93,328 shares of the company's stock valued at $378,000 after purchasing an additional 4,879 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of indie Semiconductor by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 498,931 shares of the company's stock worth $1,015,000 after purchasing an additional 5,322 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

indie Semiconductor Price Performance

NASDAQ INDI traded down $0.02 during trading on Friday, hitting $1.99. 1,415,706 shares of the stock traded hands, compared to its average volume of 3,682,296. 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 has a 12-month low of $1.53 and a 12-month high of $7.82. The firm has a 50-day simple moving average of $2.34 and a 200-day simple moving average of $3.53. The company has a market capitalization of $414.90 million, a P/E ratio of -2.62 and a beta of 1.84.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The business had revenue of $58.01 million during the quarter, compared to analysts' expectations 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, analysts predict that indie Semiconductor will post -0.54 EPS 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.