Insider Selling: indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells 3,125 Shares of Stock

by · The Markets Daily

indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) COO Michael Wittmann sold 3,125 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.17, for a total value of $13,031.25. Following the completion of the transaction, the chief operating officer now directly owns 25,735 shares of the company’s stock, valued at $107,314.95. The trade was a 10.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Wittmann also recently made the following trade(s):

  • On Monday, December 23rd, Michael Wittmann sold 18,375 shares of indie Semiconductor stock. The stock was sold at an average price of $4.10, for a total value of $75,337.50.

indie Semiconductor Price Performance

Shares of NASDAQ INDI traded up $0.07 during midday trading on Monday, hitting $4.66. 5,034,523 shares of the company’s stock were exchanged, compared to its average volume of 4,895,178. The business’s fifty day moving average price is $4.31 and its two-hundred day moving average price is $4.57. The company has a market cap of $940.93 million, a price-to-earnings ratio of -6.96 and a beta of 1.41. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a 12-month low of $3.16 and a 12-month high of $7.82.

Analyst Upgrades and Downgrades

INDI has been the topic of a number of recent analyst reports. Benchmark lowered their price target on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Roth Mkm lowered their target price on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.92.

Get Our Latest Research Report on INDI

Hedge Funds Weigh In On indie Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA lifted its holdings in shares of indie Semiconductor by 61.4% during the 3rd quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company’s stock worth $101,619,000 after acquiring an additional 9,689,326 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in indie Semiconductor by 290.6% during the third quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company’s stock valued at $12,752,000 after purchasing an additional 2,377,612 shares in the last quarter. Artemis Investment Management LLP bought a new stake in indie Semiconductor during the third quarter worth about $4,478,000. Harber Asset Management LLC purchased a new position in shares of indie Semiconductor in the 3rd quarter worth about $3,406,000. Finally, General American Investors Co. Inc. increased its position in shares of indie Semiconductor by 46.5% during the 3rd quarter. General American Investors Co. Inc. now owns 1,347,393 shares of the company’s stock valued at $5,376,000 after purchasing an additional 427,928 shares during the last quarter. Hedge funds and other institutional investors 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.

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