Donald Mcclymont Sells 13,065 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 13,065 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $3.54, for a total value of $46,250.10. Following the transaction, the chief executive officer owned 148,130 shares of the company’s stock, valued at $524,380.20. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, October 15th, Donald Mcclymont sold 200,000 shares of indie Semiconductor stock. The shares were sold at an average price of $6.01, for a total transaction of $1,202,000.00.
• On Monday, September 22nd, Donald Mcclymont sold 188,700 shares of indie Semiconductor stock. The shares were sold at an average price of $4.01, for a total transaction of $756,687.00.
• On Monday, September 15th, Donald Mcclymont sold 11,300 shares of indie Semiconductor stock. The shares were sold at an average price of $4.00, for a total value of $45,200.00.
• On Friday, September 12th, Donald Mcclymont sold 150,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.87, for a total value of $580,500.00.
• On Monday, September 8th, Donald Mcclymont sold 41,986 shares of indie Semiconductor stock. The shares were sold at an average price of $4.22, for a total value of $177,180.92.

indie Semiconductor Stock Performance

NASDAQ:INDI opened at $4.61 on Friday. The firm has a market capitalization of $1.01 billion, a PE ratio of -6.15 and a beta of 2.59. The stock’s fifty day moving average is $4.49 and its 200 day moving average is $4.01. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.18 and a current ratio of 3.75.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The firm had revenue of $53.68 million for the quarter, compared to analysts’ expectations of $53.98 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on INDI shares. UBS Group raised their price objective on shares of indie Semiconductor from $4.50 to $5.00 and gave the stock a “hold” rating in a research note on Monday, November 10th. Roth Capital reissued a “buy” rating and set a $8.00 price target on shares of indie Semiconductor in a research note on Wednesday, October 15th. Wall Street Zen raised indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. purchased a new position in indie Semiconductor during the 3rd quarter valued at about $84,000. Worth Venture Partners LLC bought a new position in shares of indie Semiconductor during the third quarter valued at approximately $305,000. XTX Topco Ltd increased its holdings in indie Semiconductor by 2.5% during the third quarter. XTX Topco Ltd now owns 219,802 shares of the company’s stock valued at $895,000 after buying an additional 5,377 shares during the period. Sherbrooke Park Advisers LLC bought a new position in indie Semiconductor in the third quarter worth approximately $96,000. Finally, Bank of America Corp DE lifted its holdings in indie Semiconductor by 42.2% during the third quarter. Bank of America Corp DE now owns 884,904 shares of the company’s stock worth $3,602,000 after buying an additional 262,744 shares during the period. 67.73% of the stock is currently owned by 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.