indie Semiconductor (INDI) Projected to Post Earnings on Thursday

indie Semiconductor (NASDAQ:INDI - Get Free Report) is expected to release its earnings data after the market closes on Thursday, February 20th. Analysts expect indie Semiconductor to post earnings of ($0.07) per share and revenue of $58.20 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

indie Semiconductor Stock Down 0.8 %

NASDAQ:INDI traded down $0.03 on Monday, reaching $3.86. 2,155,649 shares of the stock traded hands, compared to its average volume of 3,262,909. The company's fifty day simple moving average is $4.22 and its 200 day simple moving average is $4.12. The company has a market capitalization of $779.40 million, a price-to-earnings ratio of -5.76 and a beta of 1.41. indie Semiconductor has a 12 month low of $3.16 and a 12 month high of $7.82. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INDI. Roth Mkm decreased their price objective on shares of indie Semiconductor from $7.00 to $5.00 and set a "buy" rating for the company in a report on Friday, November 8th. Benchmark decreased their price target on indie Semiconductor from $12.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group assumed coverage on indie Semiconductor in a research report on Friday, January 24th. They set a "neutral" rating and a $4.50 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $8.29.

Insider Buying and Selling at indie Semiconductor

In other news, COO Michael Wittmann sold 18,375 shares of indie Semiconductor stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50. Following the transaction, the chief operating officer now directly owns 28,860 shares of the company's stock, valued at $118,326. The trade was a 38.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 18,351 shares of the company's stock, valued at $79,092.81. This represents a 73.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,593 shares of company stock valued at $330,291. 8.20% of the stock is owned by company insiders.

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.