indie Semiconductor (NASDAQ:INDI) CEO Donald Mcclymont Sells 50,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald McClymont sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $3.11, for a total value of $155,500.00. Following the sale, the chief executive officer directly owned 481,026 shares of the company’s stock, valued at $1,495,990.86. This represents a 9.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, September 2nd, Donald McClymont sold 13,384 shares of indie Semiconductor stock. The shares were sold at an average price of $3.53, for a total value of $47,245.52.
• On Monday, August 31st, Donald McClymont sold 46,928 shares of indie Semiconductor stock. The shares were sold at an average price of $3.72, for a total value of $174,572.16.
• On Thursday, July 2nd, Donald McClymont sold 126,496 shares of indie Semiconductor stock. The stock was sold at an average price of $4.45, for a total transaction of $562,907.20.

indie Semiconductor Price Performance

Shares of NASDAQ:INDI opened at $3.13 on Friday. The company has a market capitalization of $725.56 million, a P/E ratio of -4.29 and a beta of 2.78. indie Semiconductor, Inc. has a 1-year low of $2.32 and a 1-year high of $6.05. The firm’s 50 day simple moving average is $3.71 and its two-hundred day simple moving average is $3.72. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.65 and a quick ratio of 2.86.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 32.02%. The firm had revenue of $64.01 million for the quarter, compared to the consensus estimate of $62.49 million. During the same period last year, the firm earned ($0.08) EPS. The company’s revenue was up 24.0% on a year-over-year basis. Research analysts expect that indie Semiconductor, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

INDI has been the topic of a number of research analyst reports. TD Cowen boosted their price target on indie Semiconductor from $4.00 to $4.50 and gave the stock a “hold” rating in a report on Monday, July 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a report on Friday, July 17th. Finally, Roth Capital set a $5.00 target price on shares of indie Semiconductor in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.75.

Institutional Investors Weigh In On indie Semiconductor

Several large investors have recently bought and sold shares of INDI. Optiver Holding B.V. grew its stake in shares of indie Semiconductor by 7,163.7% in the 1st quarter. Optiver Holding B.V. now owns 8,208 shares of the company’s stock worth $26,000 after buying an additional 8,095 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in indie Semiconductor in the second quarter worth about $49,000. Principal Financial Group Inc. bought a new stake in indie Semiconductor during the first quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd raised its position in indie Semiconductor by 45,829.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock valued at $39,000 after purchasing an additional 10,999 shares during the period. Finally, Abacus Wealth Partners LLC purchased a new position in shares of indie Semiconductor in the 4th quarter worth approximately $87,000. Institutional investors own 67.73% of the company’s stock.

About indie Semiconductor

indie Semiconductor, Inc develops semiconductor and software solutions for the automotive industry. Its technology is designed to support advanced driver-assistance systems (ADAS), autonomous-driving applications, vehicle connectivity, and in-cabin user experiences.

The company’s product portfolio includes radar and lidar components, computer-vision processors, automotive imaging solutions, wireless connectivity products, audio and voice-processing technologies, and power-management devices.