indie Semiconductor (NASDAQ:INDI) Stock Price Down 5% - Should You Sell?

Shares of indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) traded down 5% on Monday . The company traded as low as $4.07 and last traded at $4.07. 1,348,222 shares traded hands during trading, a decline of 62% from the average session volume of 3,571,732 shares. The stock had previously closed at $4.28.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Roth Mkm dropped their price target on indie Semiconductor from $7.00 to $5.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. UBS Group assumed coverage on indie Semiconductor in a research note on Friday, January 24th. They set a "neutral" rating and a $4.50 price target on the stock. Finally, Benchmark dropped their price target on indie Semiconductor from $12.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $8.29.

indie Semiconductor Trading Down 0.1 %

The stock has a 50-day moving average of $4.22 and a 200 day moving average of $4.16. The stock has a market cap of $784.46 million, a PE ratio of -5.80 and a beta of 1.41. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32.

Insider Activity at indie Semiconductor

In other indie Semiconductor news, COO Michael Wittmann sold 18,375 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 28,860 shares of the company's stock, valued at approximately $118,326. The trade was a 38.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Donald Mcclymont sold 50,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $4.31, for a total value of $215,500.00. Following the completion of the transaction, the chief executive officer now directly owns 18,351 shares of the company's stock, valued at $79,092.81. The trade was a 73.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,593 shares of company stock worth $330,291 over the last quarter. Insiders own 8.20% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in INDI. National Bank of Canada FI raised its stake in shares of indie Semiconductor by 42.7% during the 4th quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock worth $54,000 after buying an additional 4,023 shares during the period. Regal Investment Advisors LLC raised its stake 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 during the period. Virtu Financial LLC acquired a new position in shares of indie Semiconductor during the 3rd quarter worth approximately $58,000. Daiwa Securities Group Inc. raised its stake in shares of indie Semiconductor by 74.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company's stock worth $60,000 after buying an additional 6,363 shares during the period. Finally, Cibc World Markets Corp acquired a new position in shares of indie Semiconductor during the 4th quarter worth approximately $62,000. 67.73% of the stock is owned by institutional investors and hedge funds.

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.