indie Semiconductor, Inc. (NASDAQ:INDI) Given Consensus Recommendation of “Moderate Buy” by Analysts

by · The Markets Daily

Shares of indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) have received an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $6.60.

Several analysts have weighed in on INDI shares. Roth Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of indie Semiconductor in a research report on Wednesday, October 15th. UBS Group increased their price objective on indie Semiconductor from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday.

View Our Latest Stock Analysis on indie Semiconductor

Insider Buying and Selling at indie Semiconductor

In related news, COO Michael Wittmann sold 37,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $3.74, for a total transaction of $140,250.00. Following the completion of the transaction, the chief operating officer owned 94,005 shares of the company’s stock, valued at $351,578.70. This trade represents a 28.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Ichiro Aoki sold 250,000 shares of indie Semiconductor stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $3.92, for a total value of $980,000.00. Following the transaction, the president owned 82,634 shares of the company’s stock, valued at $323,925.28. The trade was a 75.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 898,174 shares of company stock worth $3,919,886 over the last three months. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On indie Semiconductor

Several large investors have recently modified their holdings of the stock. ProShare Advisors LLC boosted its position in indie Semiconductor by 9.0% in the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company’s stock worth $142,000 after purchasing an additional 3,300 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of indie Semiconductor by 9.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company’s stock worth $162,000 after purchasing an additional 3,898 shares during the period. CWM LLC boosted its holdings in shares of indie Semiconductor by 34.7% in the second quarter. CWM LLC now owns 15,215 shares of the company’s stock worth $54,000 after buying an additional 3,916 shares during the last quarter. Envestnet Asset Management Inc. grew its position in indie Semiconductor by 32.1% during the third quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock valued at $66,000 after buying an additional 3,921 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in indie Semiconductor by 27.0% during the second quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company’s stock valued at $71,000 after buying an additional 4,207 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

indie Semiconductor Price Performance

Shares of INDI stock opened at $4.29 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.18 and a current ratio of 3.75. indie Semiconductor has a fifty-two week low of $1.53 and a fifty-two week high of $6.05. The firm has a market cap of $942.21 million, a P/E ratio of -5.72 and a beta of 2.60. The business’s 50 day moving average price is $4.53 and its 200-day moving average price is $4.11.

indie Semiconductor (NASDAQ:INDI – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). indie Semiconductor had a negative net margin of 66.84% and a negative return on equity of 28.84%. The company had revenue of $53.68 million during the quarter, compared to the consensus estimate of $53.98 million. During the same quarter last year, the firm earned ($0.09) EPS. The business’s revenue was down .6% on a year-over-year basis. On average, equities research analysts anticipate that indie Semiconductor will post -0.54 earnings per share for the current year.

About indie Semiconductor

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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.

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