indie Semiconductor (NASDAQ:INDI) CEO Donald Mcclymont Sells 100,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 100,000 shares of indie Semiconductor stock in a transaction on Monday, December 15th. The shares were sold at an average price of $4.09, for a total transaction of $409,000.00. Following the completion of the transaction, the chief executive officer directly owned 48,130 shares of the company’s stock, valued at $196,851.70. The trade was a 67.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, December 2nd, Donald Mcclymont sold 13,065 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total transaction of $46,250.10.
• 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 stock was sold at an average price of $4.01, for a total transaction of $756,687.00.

indie Semiconductor Price Performance

NASDAQ INDI traded up $0.02 during trading hours on Thursday, hitting $3.82. 516,353 shares of the company’s stock traded hands, compared to its average volume of 4,085,820. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.75 and a quick ratio of 3.18. The firm’s 50-day moving average is $4.50 and its 200-day moving average is $4.13. The company has a market capitalization of $837.89 million, a PE ratio of -5.07 and a beta of 2.59. indie Semiconductor, Inc. has a 52-week low of $1.53 and a 52-week high of $6.05.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $53.68 million for the quarter, compared to analysts’ expectations of $53.98 million. During the same quarter in the previous year, the business posted ($0.09) EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on INDI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. UBS Group boosted their price objective on indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a report on Monday, November 10th. Wall Street Zen cut indie Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Finally, Roth Capital reissued a “buy” rating and set a $8.00 price target on shares of indie Semiconductor in a research report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of indie Semiconductor by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock worth $34,000 after purchasing an additional 7,536 shares during the last quarter. Ethic Inc. acquired a new stake in indie Semiconductor in the second quarter valued at $36,000. HBK Sorce Advisory LLC purchased a new stake in indie Semiconductor during the 3rd quarter worth about $41,000. Evergreen Capital Management LLC purchased a new position in shares of indie Semiconductor in the 2nd quarter valued at about $37,000. Finally, Jump Financial LLC acquired a new stake in shares of indie Semiconductor during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.