Donald Mcclymont Sells 3,081 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 3,081 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $5.50, for a total value of $16,945.50. Following the sale, the chief executive officer now owns 18,351 shares in the company, valued at approximately $100,930.50. The trade was a 14.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

indie Semiconductor Stock Up 4.0 %

NASDAQ:INDI traded up $0.20 on Friday, hitting $5.23. The stock had a trading volume of 1,405,498 shares, compared to its average volume of 2,891,046. The business’s fifty day moving average is $4.00 and its 200 day moving average is $5.05. The company has a market cap of $1.06 billion, a PE ratio of -7.81 and a beta of 1.22. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.69.

Wall Street Analysts Forecast Growth

INDI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Benchmark cut their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, 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 report on Friday, November 8th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $9.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Primecap Management Co. CA boosted 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 acquiring an additional 9,689,326 shares in the last quarter. Bamco Inc. NY boosted its position in shares of indie Semiconductor by 0.6% during the third quarter. Bamco Inc. NY now owns 15,240,606 shares of the company’s stock valued at $60,810,000 after buying an additional 89,181 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of indie Semiconductor by 3.2% during the first quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company’s stock valued at $75,047,000 after buying an additional 332,500 shares during the last quarter. State Street Corp boosted its position in shares of indie Semiconductor by 2.3% during the third quarter. State Street Corp now owns 7,102,029 shares of the company’s stock valued at $28,337,000 after buying an additional 161,132 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of indie Semiconductor by 7.5% during the third quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company’s stock valued at $15,739,000 after buying an additional 276,739 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

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.