indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann Sells 1,580 Shares

indie Semiconductor, Inc. (NASDAQ:INDIGet Free Report) COO Michael Wittmann sold 1,580 shares of indie Semiconductor stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $6.92, for a total value of $10,933.60. Following the completion of the transaction, the chief operating officer now owns 35,460 shares in the company, valued at $245,383.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Monday, March 11th, Michael Wittmann sold 8,700 shares of indie Semiconductor stock. The shares were sold at an average price of $6.95, for a total value of $60,465.00.
  • On Wednesday, February 21st, Michael Wittmann sold 1,211 shares of indie Semiconductor stock. The shares were sold at an average price of $7.05, for a total value of $8,537.55.

indie Semiconductor Trading Down 6.6 %

Shares of NASDAQ INDI opened at $6.20 on Friday. indie Semiconductor, Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $11.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.72 and a current ratio of 1.96. The business has a 50-day moving average of $6.71 and a 200-day moving average of $6.66.

indie Semiconductor (NASDAQ:INDIGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. indie Semiconductor had a negative net margin of 52.46% and a negative return on equity of 15.84%. The company had revenue of $70.13 million during the quarter, compared to the consensus estimate of $72.69 million. As a group, sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Trading of indie Semiconductor

A number of institutional investors have recently bought and sold shares of the company. Granahan Investment Management LLC increased its stake in indie Semiconductor by 63.3% in the 4th quarter. Granahan Investment Management LLC now owns 13,194,588 shares of the company’s stock valued at $107,008,000 after buying an additional 5,115,393 shares during the last quarter. Bamco Inc. NY lifted its stake in indie Semiconductor by 88.9% in the 3rd quarter. Bamco Inc. NY now owns 11,038,885 shares of the company’s stock worth $69,545,000 after purchasing an additional 5,193,775 shares in the last quarter. Vanguard Group Inc. lifted its stake in indie Semiconductor by 13.7% in the 4th quarter. Vanguard Group Inc. now owns 10,267,390 shares of the company’s stock worth $83,269,000 after purchasing an additional 1,239,378 shares in the last quarter. BlackRock Inc. lifted its stake in indie Semiconductor by 36.7% in the 2nd quarter. BlackRock Inc. now owns 8,849,734 shares of the company’s stock worth $83,187,000 after purchasing an additional 2,377,645 shares in the last quarter. Finally, State Street Corp lifted its stake in indie Semiconductor by 64.2% in the 2nd quarter. State Street Corp now owns 6,943,221 shares of the company’s stock worth $65,266,000 after purchasing an additional 2,715,874 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Analysts Set New Price Targets

INDI has been the subject of a number of research reports. Craig Hallum decreased their price target on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. KeyCorp dropped their price objective on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Finally, CJS Securities started coverage on indie Semiconductor in a research note on Friday, December 1st. They set an “outperform” rating and a $15.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.50.

Check Out Our Latest Stock Analysis on INDI

indie Semiconductor Company Profile

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for indie Semiconductor (NASDAQ:INDI)

Receive News & Ratings for indie Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for indie Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.