indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann Sells 13,570 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 13,570 shares of indie Semiconductor stock in a transaction on Friday, March 7th. The stock was sold at an average price of $2.90, for a total transaction of $39,353.00. Following the sale, the chief operating officer now owns 67,012 shares of the company’s stock, valued at $194,334.80. The trade was a 16.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Wittmann also recently made the following trade(s):

• On Monday, March 10th, Michael Wittmann sold 10,875 shares of indie Semiconductor stock. The stock was sold at an average price of $2.81, for a total value of $30,558.75.
• On Monday, January 6th, Michael Wittmann sold 2,012 shares of indie Semiconductor stock. The shares were sold at an average price of $4.71, for a total value of $9,476.52.
• On Thursday, January 2nd, Michael Wittmann sold 3,125 shares of indie Semiconductor stock. The stock was sold at an average price of $4.17, for a total value of $13,031.25.
• On Monday, December 23rd, Michael Wittmann sold 18,375 shares of indie Semiconductor stock. The shares were sold at an average price of $4.10, for a total value of $75,337.50.

indie Semiconductor Price Performance

Shares of NASDAQ INDI opened at $2.58 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. The stock has a market capitalization of $520.94 million, a price-to-earnings ratio of -3.39 and a beta of 1.54. The firm’s 50 day simple moving average is $3.86 and its 200-day simple moving average is $3.98. indie Semiconductor, Inc. has a 12 month low of $2.43 and a 12 month high of $7.82.

indie Semiconductor (NASDAQ:INDI) 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 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. Analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on INDI shares. KeyCorp decreased their price objective on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. UBS Group assumed coverage on shares of indie Semiconductor in a report on Friday, January 24th. They set a “neutral” rating and a $4.50 target price for the company. Finally, Benchmark lowered their price target on shares of indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.50.

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors have recently modified their holdings of INDI. Creative Planning acquired a new position in indie Semiconductor in the 3rd quarter worth about $75,000. Bouvel Investment Partners LLC raised its stake in shares of indie Semiconductor by 33.2% during the 3rd quarter. Bouvel Investment Partners LLC now owns 186,119 shares of the company’s stock worth $743,000 after buying an additional 46,400 shares during the period. Advisors Asset Management Inc. lifted its position in shares of indie Semiconductor by 115.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 60,392 shares of the company’s stock valued at $241,000 after buying an additional 32,353 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of indie Semiconductor during the 3rd quarter valued at approximately $143,000. Finally, Primecap Management Co. CA grew its stake in indie Semiconductor by 61.4% in the 3rd quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company’s stock valued at $101,619,000 after acquiring an additional 9,689,326 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.