Donald Mcclymont Sells 200,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00. Following the completion of the transaction, the chief executive officer now owns 18,351 shares in the company, valued at approximately $86,433.21. This trade represents a 91.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

indie Semiconductor Price Performance

Shares of INDI stock traded down $0.27 on Thursday, reaching $4.46. The company had a trading volume of 4,019,206 shares, compared to its average volume of 2,902,099. The company has a quick ratio of 2.20, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a one year low of $3.16 and a one year high of $8.69. The business’s 50-day moving average is $3.75 and its 200 day moving average is $5.13. The stock has a market capitalization of $880.49 million, a PE ratio of -6.48 and a beta of 1.22.

Wall Street Analyst Weigh In

INDI has been the subject of several recent research reports. Roth Mkm lowered their price target 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Benchmark reduced their price target on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $9.79.

Institutional Trading of indie Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC grew its position in shares of indie Semiconductor by 15.6% in the third quarter. Truvestments Capital LLC now owns 56,456 shares of the company’s stock valued at $225,000 after purchasing an additional 7,601 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of indie Semiconductor by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,318,300 shares of the company’s stock worth $5,260,000 after buying an additional 120,071 shares during the period. Primecap Management Co. CA raised its position in indie Semiconductor by 61.4% during the 3rd quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company’s stock valued at $101,619,000 after purchasing an additional 9,689,326 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of indie Semiconductor during the 3rd quarter valued at about $143,000. Finally, Advisors Asset Management Inc. lifted its position in indie Semiconductor by 115.4% during the third quarter. Advisors Asset Management Inc. now owns 60,392 shares of the company’s stock valued at $241,000 after buying an additional 32,353 shares during the period. 67.73% of the stock is 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.