Key Points
- COO Michael Wittmann sold 37,500 shares at an average price of $3.74 for $140,250, cutting his ownership by 28.52% to 94,005 shares (worth ≈$351,579) per the SEC filing.
- The December sale continues prior insider selling—Wittmann sold 20,908 and 12,020 shares in September at average prices of $3.95 and $4.22—indicating a pattern of disposals.
- Shares are trading higher (up 13.6%, opened $4.35) amid a recent quarterly EPS miss and negative margins, while analysts hold a consensus "Moderate Buy" rating with a $6.60 price target.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CEO Donald Mcclymont sold 13,065 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $3.54, for a total value of $46,250.10. Following the completion of the transaction, the chief executive officer directly owned 148,130 shares of the company's stock, valued at $524,380.20. This trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Donald Mcclymont also recently made the following trade(s):
- 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 value 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 value of $756,687.00.
- On Monday, September 15th, Donald Mcclymont sold 11,300 shares of indie Semiconductor stock. The stock was sold at an average price of $4.00, for a total value of $45,200.00.
- On Friday, September 12th, Donald Mcclymont sold 150,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.87, for a total value of $580,500.00.
- On Monday, September 8th, Donald Mcclymont sold 41,986 shares of indie Semiconductor stock. The shares were sold at an average price of $4.22, for a total transaction of $177,180.92.
indie Semiconductor Stock Performance
INDI stock opened at $4.37 on Thursday. The company has a 50-day simple moving average of $4.47 and a 200 day simple moving average of $4.01. The company has a market capitalization of $958.90 million, a P/E ratio of -5.76 and a beta of 2.59. The company has a quick ratio of 3.18, a current ratio of 3.75 and a debt-to-equity ratio of 0.86. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.05.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The company had revenue of $53.68 million for the quarter, compared to the consensus estimate of $53.98 million. indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) earnings per share. Sell-side analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on INDI shares. Wall Street Zen upgraded indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Friday, November 28th. UBS Group raised their target price on indie Semiconductor from $4.50 to $5.00 and gave the company a "hold" rating in a research note on Monday, November 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Finally, Roth Capital reaffirmed a "buy" rating and set a $8.00 price objective on shares of indie Semiconductor in a research note 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 a consensus target price of $6.60.
Read Our Latest Stock Report on INDI
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Elemental Capital Partners LLC purchased a new position in shares of indie Semiconductor during the 3rd quarter valued at $30,979,000. Bamco Inc. NY lifted its holdings in shares of indie Semiconductor by 23.5% during the 2nd quarter. Bamco Inc. NY now owns 25,294,776 shares of the company's stock valued at $90,049,000 after buying an additional 4,813,397 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in indie Semiconductor by 29.9% in the second quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company's stock worth $63,940,000 after buying an additional 4,139,349 shares during the last quarter. Millennium Management LLC raised its holdings in shares of indie Semiconductor by 456.6% during the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company's stock valued at $7,535,000 after purchasing an additional 3,037,435 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of indie Semiconductor by 8.9% in the first quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company's stock worth $58,249,000 after buying an additional 2,335,620 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
About indie Semiconductor
(
Get Free Report)
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.
Further Reading
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