indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells $10,056.40 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 1,622 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $6.20, for a total value of $10,056.40. Following the sale, the chief operating officer now directly owns 37,860 shares in the company, valued at $234,732. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, May 21st, Michael Wittmann sold 1,561 shares of indie Semiconductor stock. The stock was sold at an average price of $6.30, for a total value of $9,834.30.
• On Monday, April 22nd, Michael Wittmann sold 1,832 shares of indie Semiconductor stock. The stock was sold at an average price of $5.19, for a total value of $9,508.08.

indie Semiconductor Trading Up 4.1 %

NASDAQ:INDI opened at $6.34 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.74 and a debt-to-equity ratio of 0.34. indie Semiconductor, Inc. has a 1 year low of $4.67 and a 1 year high of $9.85. The stock’s 50 day simple moving average is $6.34 and its two-hundred day simple moving average is $6.76.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.13). The firm had revenue of $52.35 million during the quarter, compared to the consensus estimate of $56.30 million. indie Semiconductor had a negative return on equity of 21.08% and a negative net margin of 32.12%. As a group, analysts anticipate that indie Semiconductor, Inc. will post -0.62 earnings per share for the current year.

Hedge Funds Weigh In On indie Semiconductor

Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its position in indie Semiconductor by 269.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock valued at $50,000 after acquiring an additional 4,470 shares during the last quarter. Financial Management Professionals Inc. bought a new position in indie Semiconductor in the 1st quarter valued at $53,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of indie Semiconductor by 40.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after buying an additional 2,000 shares during the period. Psagot Value Holdings Ltd. Israel lifted its holdings in shares of indie Semiconductor by 24.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock worth $69,000 after buying an additional 1,610 shares during the period. Finally, Quent Capital LLC lifted its holdings in shares of indie Semiconductor by 66.7% in the 1st quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $71,000 after buying an additional 4,000 shares during the period. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INDI. B. Riley reaffirmed a “buy” rating and set a $13.50 price objective (down from $14.50) on shares of indie Semiconductor in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on indie Semiconductor from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, KeyCorp lowered their price target on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $12.64.

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.