indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) 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.
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.
Read Our Latest Analysis on indie Semiconductor
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.
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