indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont Sells 200,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $4.71, for a total transaction of $942,000.00. Following the transaction, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at $86,433.21. This represents a 91.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

indie Semiconductor Stock Performance

Shares of INDI stock traded down $0.27 on Thursday, reaching $4.46. The stock had a trading volume of 4,019,206 shares, compared to its average volume of 2,902,099. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.20 and a current ratio of 2.39. The company has a 50 day simple moving average of $3.75 and a 200 day simple moving average of $5.13. The stock has a market cap of $880.49 million, a P/E ratio of -6.48 and a beta of 1.22. indie Semiconductor, Inc. has a 1 year low of $3.16 and a 1 year high of $8.69.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Roth Mkm dropped their price objective on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Benchmark dropped their price objective on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, indie Semiconductor currently has an average rating of “Buy” and a consensus target price of $9.79.

Institutional Trading of indie Semiconductor

Several hedge funds have recently modified their holdings of INDI. ProShare Advisors LLC grew its stake in indie Semiconductor by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 27,071 shares of the company’s stock worth $192,000 after acquiring an additional 2,131 shares in the last quarter. GAMMA Investing LLC lifted its holdings in indie Semiconductor by 1,743.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock valued at $25,000 after purchasing an additional 3,906 shares in the last quarter. Wealth Effects LLC increased its stake in shares of indie Semiconductor by 2.8% in the 2nd quarter. Wealth Effects LLC now owns 170,700 shares of the company’s stock worth $1,053,000 after acquiring an additional 4,600 shares during the last quarter. Register Financial Advisors LLC grew its holdings in shares of indie Semiconductor by 3.7% during the 2nd quarter. Register Financial Advisors LLC now owns 138,440 shares of the company’s stock worth $854,000 after purchasing an additional 5,000 shares during the period. Finally, Tempus Wealth Planning LLC lifted its stake in indie Semiconductor by 30.6% during the 2nd quarter. Tempus Wealth Planning LLC now owns 22,353 shares of the company’s stock worth $138,000 after acquiring an additional 5,238 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.