indie Semiconductor, Inc. (NASDAQ:INDI) CEO Sells $942,000.00 in Stock

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

indie Semiconductor Price Performance

Shares of INDI opened at $4.46 on Friday. The stock has a market capitalization of $880.48 million, a PE ratio of -6.66 and a beta of 1.22. The company has a 50 day moving average price of $3.78 and a 200-day moving average price of $5.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.20 and a current ratio of 2.39. indie Semiconductor, Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $8.69.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INDI. Roth Mkm cut their target price 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Benchmark lowered their price target on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $9.79.

Institutional Investors Weigh In On indie Semiconductor

A number of hedge funds have recently made changes to their positions in INDI. Primecap Management Co. CA raised its holdings in indie Semiconductor by 61.4% in the third quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company’s stock worth $101,619,000 after purchasing an additional 9,689,326 shares in the last quarter. Bamco Inc. NY boosted its stake in indie Semiconductor by 28.0% in the first quarter. Bamco Inc. NY now owns 14,285,896 shares of the company’s stock valued at $101,144,000 after acquiring an additional 3,121,255 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of indie Semiconductor by 290.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company’s stock worth $12,752,000 after purchasing an additional 2,377,612 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of indie Semiconductor during the third quarter worth about $4,478,000. Finally, Harber Asset Management LLC purchased a new stake in shares of indie Semiconductor during the third quarter valued at $3,406,000. 67.73% of the stock is currently 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.