indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CEO Donald Mcclymont sold 65,754 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $190,686.60. Following the completion of the transaction, the chief executive officer now owns 246,535 shares in the company, valued at approximately $714,951.50. This trade represents a 21.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Donald Mcclymont also recently made the following trade(s):
- On Thursday, February 27th, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.12, for a total transaction of $156,000.00.
- On Monday, December 16th, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.31, for a total value of $215,500.00.
indie Semiconductor Trading Down 2.1 %
Shares of indie Semiconductor stock traded down $0.05 during trading hours on Friday, hitting $2.34. The company's stock had a trading volume of 8,320,544 shares, compared to its average volume of 4,233,658. The business has a fifty day moving average of $3.75 and a 200 day moving average of $3.94. The company has a market capitalization of $472.48 million, a PE ratio of -3.08 and a beta of 1.54. indie Semiconductor, Inc. has a 1-year low of $2.29 and a 1-year high of $7.82. 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 (NASDAQ:INDI - Get Free Report) last released its quarterly 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). indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. The company had revenue of $58.01 million for the quarter, compared to analyst estimates of $58.20 million. As a group, equities analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.
Institutional Investors Weigh In On indie Semiconductor
A number of large investors have recently added to or reduced their stakes in INDI. National Bank of Canada FI boosted its position in indie Semiconductor by 42.7% in the 4th quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock valued at $54,000 after buying an additional 4,023 shares during the last quarter. ArrowMark Colorado Holdings LLC acquired a new position in shares of indie Semiconductor in the fourth quarter worth about $55,000. Regal Investment Advisors LLC grew its stake in indie Semiconductor by 39.2% during the 4th quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock valued at $57,000 after purchasing an additional 3,988 shares in the last quarter. Virtu Financial LLC purchased a new stake in indie Semiconductor during the 3rd quarter worth approximately $58,000. Finally, Daiwa Securities Group Inc. increased its holdings in 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 purchasing an additional 6,363 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have 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 price target on the stock. Benchmark decreased their target price on shares of indie Semiconductor from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, KeyCorp dropped their price target on shares of indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.50.
View Our Latest Analysis on INDI
About indie Semiconductor
(
Get Free Report)
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.
See Also
Before you consider indie Semiconductor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and indie Semiconductor wasn't on the list.
While indie Semiconductor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
