Brokerages Set indie Semiconductor, Inc. (NASDAQ:INDI) Target Price at $13.50

indie Semiconductor, Inc. (NASDAQ:INDIGet Free Report) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.50.

Several equities research analysts have issued reports on the company. KeyCorp lowered their price target on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Craig Hallum cut their price target on shares of indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, CJS Securities started coverage on shares of indie Semiconductor in a research report on Friday, December 1st. They set an “outperform” rating and a $15.00 price target for the company.

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indie Semiconductor Price Performance

INDI stock opened at $6.77 on Tuesday. indie Semiconductor has a 52 week low of $4.67 and a 52 week high of $11.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 1.81. The firm’s 50-day moving average is $7.02 and its two-hundred day moving average is $6.67.

Insider Buying and Selling

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $6.25, for a total transaction of $312,500.00. Following the transaction, the chief executive officer now owns 76,750 shares of the company’s stock, valued at $479,687.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $6.25, for a total value of $312,500.00. Following the sale, the chief executive officer now directly owns 76,750 shares in the company, valued at $479,687.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Thomas Schiller sold 60,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $7.05, for a total value of $423,000.00. Following the completion of the transaction, the chief financial officer now owns 1,093,562 shares of the company’s stock, valued at $7,709,612.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 345,929 shares of company stock worth $2,548,229. Company insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors have recently added to or reduced their stakes in INDI. Point72 Middle East FZE bought a new stake in indie Semiconductor during the 4th quarter worth about $28,000. UBS Group AG boosted its stake in indie Semiconductor by 384.8% during the third quarter. UBS Group AG now owns 3,849 shares of the company’s stock worth $29,000 after acquiring an additional 3,055 shares in the last quarter. LifePro Asset Management acquired a new stake in indie Semiconductor in the 3rd quarter valued at $43,000. Nisa Investment Advisors LLC boosted its position in shares of indie Semiconductor by 269.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock valued at $50,000 after buying an additional 4,470 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in indie Semiconductor in the second quarter worth $58,000. 62.23% of the stock is owned by institutional investors and hedge funds.

indie Semiconductor Company Profile

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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, rest of Asia Pacific, and Europe.

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