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 indie Semiconductor stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $5.50, for a total value of $16,945.50. Following the transaction, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through this link.

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 Performance

Shares of INDI traded up $0.20 during mid-day trading 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 firm has a market cap of $1.06 billion, a P/E ratio of -7.81 and a beta of 1.22. The business has a fifty day moving average price of $4.00 and a 200-day moving average price of $5.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.69.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INDI. Deutsche Bank Aktiengesellschaft dropped their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Roth Mkm dropped their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Benchmark dropped their price target on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $9.79.

Institutional Trading of indie Semiconductor

Several hedge funds have recently made changes to their positions in the company. American Trust raised its stake in shares of indie Semiconductor by 28.2% in the third quarter. American Trust now owns 28,976 shares of the company’s stock valued at $116,000 after buying an additional 6,375 shares during the period. Virtu Financial LLC bought a new stake in shares of indie Semiconductor in the third quarter valued at $58,000. Barclays PLC raised its stake in shares of indie Semiconductor by 330.7% in the third quarter. Barclays PLC now owns 256,799 shares of the company’s stock valued at $1,026,000 after buying an additional 197,179 shares during the period. Meros Investment Management LP raised its stake in shares of indie Semiconductor by 5.4% in the third quarter. Meros Investment Management LP now owns 865,325 shares of the company’s stock valued at $3,453,000 after buying an additional 44,096 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of indie Semiconductor by 7.5% in the third quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company’s stock valued at $15,739,000 after purchasing an additional 276,739 shares in the last quarter. 67.73% of the stock is currently 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.