Insider Selling: indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells 3,125 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 3,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.17, for a total value of $13,031.25. Following the completion of the transaction, the chief operating officer now owns 25,735 shares in the company, valued at $107,314.95. This represents a 10.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 23rd, Michael Wittmann sold 18,375 shares of indie Semiconductor stock. The stock was sold at an average price of $4.10, for a total value of $75,337.50.

indie Semiconductor Stock Performance

Shares of NASDAQ:INDI traded up $0.07 during midday trading on Monday, reaching $4.66. The company had a trading volume of 5,034,523 shares, compared to its average volume of 4,895,178. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $7.82. The company’s 50 day moving average price is $4.31 and its 200 day moving average price is $4.57. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The stock has a market cap of $940.93 million, a P/E ratio of -6.96 and a beta of 1.41.

Wall Street Analyst Weigh In

INDI has been the topic of a number of analyst reports. Roth Mkm cut their price objective on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Benchmark cut their price target on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $8.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Primecap Management Co. CA lifted its stake 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 valued at $101,619,000 after purchasing an additional 9,689,326 shares during the last quarter. Bamco Inc. NY lifted its position in shares of indie Semiconductor by 0.6% during the 3rd 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. State Street Corp increased its holdings in indie Semiconductor by 2.3% in the 3rd quarter. State Street Corp now owns 7,102,029 shares of the company’s stock worth $28,337,000 after acquiring an additional 161,132 shares during the last quarter. Geode Capital Management LLC raised its stake in indie Semiconductor by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company’s stock valued at $15,739,000 after acquiring an additional 276,739 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in indie Semiconductor by 290.6% during the third quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company’s stock worth $12,752,000 after purchasing an additional 2,377,612 shares during the period. 67.73% of the stock is owned by institutional investors.

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.