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
(
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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.
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