Key Points
- CEO Donald McClymont sold 100,000 shares on Dec. 15 at an average price of $4.09 for $409,000, leaving him with 48,130 shares — a 67.51% reduction in his stake.
- McClymont has completed multiple recent insider sales totaling over 500,000 shares, including 200,000 on Oct. 15 at $6.01 and 188,700 on Sept. 22 at $4.01.
- Indie Semiconductor shares trade near $3.82 and the company recently missed EPS expectations (‑$0.07 vs. ‑$0.06), has negative profitability, yet analyst ratings are mixed with an average target of about $6.60.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CEO Donald Mcclymont sold 100,000 shares of the company's stock in a transaction on Monday, December 15th. The shares were sold at an average price of $4.09, for a total transaction of $409,000.00. Following the completion of the transaction, the chief executive officer owned 48,130 shares of the company's stock, valued at $196,851.70. This represents a 67.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Donald Mcclymont also recently made the following trade(s):
- On Tuesday, December 2nd, Donald Mcclymont sold 13,065 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total value of $46,250.10.
- 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 transaction of $756,687.00.
indie Semiconductor Stock Performance
NASDAQ:INDI traded up $0.02 during mid-day trading on Thursday, reaching $3.82. The stock had a trading volume of 516,353 shares, compared to its average volume of 4,085,820. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.18 and a current ratio of 3.75. The business has a 50 day simple moving average of $4.50 and a 200 day simple moving average of $4.13. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $6.05. The firm has a market capitalization of $837.89 million, a price-to-earnings ratio of -5.07 and a beta of 2.59.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The business had revenue of $53.68 million for the quarter, compared to analysts' expectations of $53.98 million. During the same period last year, the company posted ($0.09) earnings per share. The business's quarterly revenue was down .6% on a year-over-year basis. On average, analysts expect that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
INDI has been the topic of several research analyst reports. Wall Street Zen lowered shares of indie Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, December 13th. Roth Capital reaffirmed a "buy" rating and issued a $8.00 target price on shares of indie Semiconductor in a report on Wednesday, October 15th. Weiss Ratings restated a "sell (d-)" rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Finally, UBS Group raised their price objective on indie Semiconductor from $4.50 to $5.00 and gave the company a "hold" rating in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $6.60.
Read Our Latest Research Report on indie Semiconductor
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB purchased a new stake in indie Semiconductor during the second quarter valued at about $276,000. Fred Alger Management LLC acquired a new position in indie Semiconductor during the 1st quarter worth approximately $2,527,000. Caxton Associates LLP purchased a new position in shares of indie Semiconductor in the second quarter valued at $887,000. Geode Capital Management LLC boosted its position in indie Semiconductor by 9.5% in the 2nd quarter. Geode Capital Management LLC now owns 4,573,560 shares of the company's stock valued at $16,285,000 after buying an additional 396,433 shares during the last quarter. Finally, Bamco Inc. NY grew its stake in 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 purchasing an additional 4,813,397 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
indie Semiconductor Company Profile
(
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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