Insider Selling: indie Semiconductor, Inc. (NASDAQ:INDI) CEO Sells 3,081 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 3,081 shares of indie Semiconductor stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $5.50, for a total value of $16,945.50. Following the completion of the transaction, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at approximately $100,930.50. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Donald Mcclymont also recently made the following trade(s):

• On Tuesday, November 12th, Donald Mcclymont sold 200,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.71, for a total value of $942,000.00.

indie Semiconductor Price Performance

indie Semiconductor stock opened at $5.23 on Monday. The business has a 50 day simple moving average of $4.03 and a 200-day simple moving average of $5.04. The stock has a market capitalization of $1.06 billion, a PE ratio of -7.81 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. indie Semiconductor, Inc. has a 12 month low of $3.16 and a 12 month high of $8.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on INDI shares. Benchmark decreased their price objective 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. Roth Mkm decreased their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $8.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. American Trust increased its position in shares of indie Semiconductor by 28.2% in the third quarter. American Trust now owns 28,976 shares of the company’s stock valued at $116,000 after buying an additional 6,375 shares in the last quarter. Virtu Financial LLC acquired a new stake in indie Semiconductor in the 3rd quarter worth about $58,000. Barclays PLC raised its holdings in shares of indie Semiconductor by 330.7% in the 3rd quarter. Barclays PLC now owns 256,799 shares of the company’s stock worth $1,026,000 after purchasing an additional 197,179 shares during the period. Meros Investment Management LP raised its holdings in shares of indie Semiconductor by 5.4% in the 3rd quarter. Meros Investment Management LP now owns 865,325 shares of the company’s stock worth $3,453,000 after purchasing an additional 44,096 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of indie Semiconductor by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company’s stock valued at $15,739,000 after buying an additional 276,739 shares during the period. Hedge funds and other 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.