Donald Mcclymont Sells 65,754 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 65,754 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $2.90, for a total value of $190,686.60. Following the completion of the sale, the chief executive officer now directly owns 246,535 shares in the company, valued at approximately $714,951.50. This represents a 21.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $3.12, for a total value 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 5.8 %

Shares of INDI opened at $2.58 on Wednesday. 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, Inc. has a 12-month low of $2.43 and a 12-month high of $7.82. The firm has a market capitalization of $520.94 million, a PE ratio of -3.39 and a beta of 1.54. The stock’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $3.98.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The firm had revenue of $58.01 million for the quarter, compared to analyst estimates of $58.20 million. As a group, research analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Benchmark reduced their price objective on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. 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 objective on the stock. Finally, KeyCorp reduced their price objective on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.50.

Hedge Funds Weigh In On indie Semiconductor

Large investors have recently made changes to their positions in the company. National Bank of Canada FI increased its holdings in indie Semiconductor by 42.7% in the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company’s stock valued at $54,000 after purchasing an additional 4,023 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in indie Semiconductor in the fourth quarter valued at about $55,000. Regal Investment Advisors LLC increased its holdings in indie Semiconductor by 39.2% in the fourth 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 during the last quarter. Virtu Financial LLC bought a new stake in indie Semiconductor in the third quarter valued at about $58,000. Finally, Daiwa Securities Group Inc. increased its holdings in indie Semiconductor by 74.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company’s stock valued at $60,000 after purchasing an additional 6,363 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

About indie Semiconductor

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.