Donald Mcclymont Sells 50,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $3.12, for a total transaction of $156,000.00. Following the transaction, the chief executive officer now directly owns 65,932 shares of the company’s stock, valued at $205,707.84. This represents a 43.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, December 16th, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.31, for a total transaction of $215,500.00.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $2.62 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The stock has a market cap of $529.02 million, a P/E ratio of -3.45 and a beta of 1.41. indie Semiconductor, Inc. has a twelve month low of $2.43 and a twelve month high of $7.82. The company’s 50-day simple moving average is $4.00 and its 200 day simple moving average is $4.02.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $58.01 million for the quarter, compared to the consensus estimate of $58.20 million. indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. As a group, research analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Institutional Trading of indie Semiconductor

Several large investors have recently added to or reduced their stakes in INDI. National Bank of Canada FI grew its stake in indie Semiconductor by 42.7% during the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company’s stock worth $54,000 after buying an additional 4,023 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in indie Semiconductor during the fourth quarter worth about $55,000. Regal Investment Advisors LLC grew its stake in shares of indie Semiconductor by 39.2% during the fourth quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company’s stock valued at $57,000 after purchasing an additional 3,988 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of indie Semiconductor during the third quarter valued at approximately $58,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of indie Semiconductor by 74.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company’s stock valued at $60,000 after purchasing an additional 6,363 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INDI has been the subject of a number of research analyst reports. Roth Mkm cut their price objective on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, November 8th. UBS Group began coverage on shares of indie Semiconductor in a research note on Friday, January 24th. They issued a “neutral” rating and a $4.50 target price on the stock. KeyCorp lowered their target price on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Finally, Benchmark lowered their target price on shares of indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, indie Semiconductor presently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

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.