indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont Sells 50,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction on Monday, December 16th. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00. Following the sale, the chief executive officer now directly owns 18,351 shares in the company, valued at $79,092.81. This trade represents a 73.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Donald Mcclymont also recently made the following trade(s):

• On Tuesday, November 26th, Donald Mcclymont sold 3,081 shares of indie Semiconductor stock. The shares were sold at an average price of $5.50, for a total value of $16,945.50.
• On Tuesday, November 12th, Donald Mcclymont sold 200,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.71, for a total value of $942,000.00.

indie Semiconductor Trading Up 0.5 %

Shares of NASDAQ INDI opened at $4.14 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $4.16 and its two-hundred day moving average price is $4.84. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $8.69. The stock has a market capitalization of $835.93 million, a P/E ratio of -6.18 and a beta of 1.37.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Xponance Inc. acquired a new position in indie Semiconductor in the second quarter worth $63,000. Legato Capital Management LLC acquired a new position in shares of indie Semiconductor in the 2nd quarter valued at about $76,000. SlateStone Wealth LLC acquired a new position in shares of indie Semiconductor in the 2nd quarter valued at about $82,000. Virtu Financial LLC bought a new stake in shares of indie Semiconductor during the 3rd quarter valued at about $58,000. Finally, Algert Global LLC acquired a new stake in indie Semiconductor during the second quarter worth about $97,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INDI has been the topic of several analyst reports. Benchmark dropped their price objective on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Roth Mkm decreased their price target on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating, According to MarketBeat, indie Semiconductor presently has a consensus rating of “Buy” and a consensus price target of $8.92.

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.