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 the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $3.12, for a total value of $156,000.00. Following the sale, the chief executive officer now owns 65,932 shares in the company, valued at approximately $205,707.84. This trade represents a 43.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 16th, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.31, for a total value of $215,500.00.

indie Semiconductor Stock Performance

Shares of NASDAQ:INDI opened at $2.77 on Tuesday. The stock has a market capitalization of $559.31 million, a P/E ratio of -3.64 and a beta of 1.41. indie Semiconductor, Inc. has a 1-year low of $2.66 and a 1-year high of $7.82. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $4.03.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $58.01 million for the quarter, compared to the consensus estimate of $58.20 million. indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. Equities analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on INDI shares. Benchmark decreased their price target on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Roth Mkm decreased their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. UBS Group began coverage on indie Semiconductor in a report on Friday, January 24th. They set a “neutral” rating and a $4.50 price objective on the stock. Finally, KeyCorp decreased their price target on indie Semiconductor from $8.00 to $7.00 and set an “overweight” 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.50.

Hedge Funds Weigh In On indie Semiconductor

Several institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA grew its position in shares of indie Semiconductor by 3.2% during the 4th quarter. Primecap Management Co. CA now owns 26,287,766 shares of the company’s stock worth $106,465,000 after buying an additional 819,321 shares during the period. Bamco Inc. NY grew its position in shares of indie Semiconductor by 30.6% during the 4th quarter. Bamco Inc. NY now owns 19,901,826 shares of the company’s stock worth $80,602,000 after buying an additional 4,661,220 shares during the period. Frontier Capital Management Co. LLC grew its position in shares of indie Semiconductor by 60.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 17,374,268 shares of the company’s stock worth $70,366,000 after buying an additional 6,517,978 shares during the period. Vanguard Group Inc. grew its position in shares of indie Semiconductor by 8.1% during the 4th quarter. Vanguard Group Inc. now owns 12,585,262 shares of the company’s stock worth $50,970,000 after buying an additional 942,088 shares during the period. Finally, State Street Corp grew its position in shares of indie Semiconductor by 2.3% during the 3rd quarter. State Street Corp now owns 7,102,029 shares of the company’s stock worth $28,337,000 after buying an additional 161,132 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.