indie Semiconductor Target of Unusually Large Options Trading (NASDAQ:INDI)

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) was the recipient of some unusual options trading on Monday. Traders acquired 1,914 call options on the company. This represents an increase of 122% compared to the average volume of 864 call options.

Wall Street Analysts Forecast Growth

INDI has been the subject of a number of recent analyst reports. Roth Mkm decreased their price target on shares of indie Semiconductor from $7.00 to $5.00 and set a "buy" rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on indie Semiconductor from $9.00 to $7.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, 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. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, indie Semiconductor has an average rating of "Buy" and an average price target of $9.79.

indie Semiconductor Stock Down 7.3 %

Shares of INDI traded down $0.40 during mid-day trading on Monday, hitting $5.08. 9,744,841 shares of the company's stock were exchanged, compared to its average volume of 2,878,939. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -7.27 and a beta of 1.22. The firm has a fifty day moving average of $3.70 and a two-hundred day moving average of $5.14. The company has a quick ratio of 2.20, a current ratio of 2.66 and a debt-to-equity ratio of 0.31. indie Semiconductor has a twelve month low of $3.16 and a twelve month high of $8.69.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). indie Semiconductor had a negative return on equity of 24.14% and a negative net margin of 49.88%. The company had revenue of $52.40 million for the quarter, compared to the consensus estimate of $53.61 million. The firm's revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted ($0.11) earnings per share. On average, sell-side analysts forecast that indie Semiconductor will post -0.7 earnings per share for the current year.

Insider Activity at indie Semiconductor

In related news, CFO Thomas Schiller sold 75,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total value of $287,250.00. Following the sale, the chief financial officer now directly owns 977,192 shares in the company, valued at $3,742,645.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.20% of the company's stock.

Hedge Funds Weigh In On indie Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of INDI. Primecap Management Co. CA raised its position in shares of indie Semiconductor by 61.4% during the third quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company's stock valued at $101,619,000 after buying an additional 9,689,326 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of indie Semiconductor by 28.0% during the 1st quarter. Bamco Inc. NY now owns 14,285,896 shares of the company's stock worth $101,144,000 after purchasing an additional 3,121,255 shares in the last quarter. Vanguard Group Inc. increased its position in shares of indie Semiconductor by 3.2% during the first quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company's stock valued at $75,047,000 after purchasing an additional 332,500 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of indie Semiconductor by 290.6% in the third quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company's stock valued at $12,752,000 after purchasing an additional 2,377,612 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in indie Semiconductor by 2.3% during the first quarter. Clearbridge Investments LLC now owns 1,649,907 shares of the company's stock worth $11,681,000 after buying an additional 37,236 shares in the last quarter. 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.