indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) COO Michael Wittmann sold 1,729 shares of the business's stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $6.13, for a total value of $10,598.77. Following the sale, the chief operating officer now owns 44,110 shares in the company, valued at $270,394.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Michael Wittmann also recently made the following trade(s):
- On Friday, June 21st, Michael Wittmann sold 1,622 shares of indie Semiconductor stock. The shares were sold at an average price of $6.20, for a total value of $10,056.40.
- On Tuesday, May 21st, Michael Wittmann sold 1,561 shares of indie Semiconductor stock. The stock was sold at an average price of $6.30, for a total transaction of $9,834.30.
- On Monday, April 22nd, Michael Wittmann sold 1,832 shares of indie Semiconductor stock. The shares were sold at an average price of $5.19, for a total value of $9,508.08.
indie Semiconductor Price Performance
Shares of indie Semiconductor stock opened at $6.12 on Thursday. The company has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $6.70. The company has a current ratio of 1.74, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. indie Semiconductor, Inc. has a 1 year low of $4.67 and a 1 year high of $9.85.
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indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.13). indie Semiconductor had a negative return on equity of 21.08% and a negative net margin of 32.12%. The firm had revenue of $52.35 million during the quarter, compared to the consensus estimate of $56.30 million. As a group, research analysts anticipate that indie Semiconductor, Inc. will post -0.62 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of indie Semiconductor by 1,743.8% during the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company's stock valued at $25,000 after buying an additional 3,906 shares during the period. Nisa Investment Advisors LLC raised its stake in indie Semiconductor by 269.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company's stock valued at $50,000 after buying an additional 4,470 shares during the last quarter. Financial Management Professionals Inc. bought a new position in indie Semiconductor in the 1st quarter worth about $53,000. Newbridge Financial Services Group Inc. lifted its stake in shares of indie Semiconductor by 40.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company's stock worth $56,000 after buying an additional 2,000 shares in the last quarter. Finally, Psagot Value Holdings Ltd. Israel boosted its position in shares of indie Semiconductor by 24.2% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company's stock valued at $69,000 after buying an additional 1,610 shares during the last quarter. Institutional investors own 67.73% of the company's stock.
Analyst Upgrades and Downgrades
INDI has been the topic of several recent analyst reports. KeyCorp dropped their price objective on indie Semiconductor from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Friday, May 10th. B. Riley reissued a "buy" rating and issued a $13.50 price objective (down previously from $14.50) on shares of indie Semiconductor in a report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on indie Semiconductor from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, May 10th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, indie Semiconductor currently has a consensus rating of "Buy" and a consensus price target of $12.64.
View Our Latest Stock Analysis on indie Semiconductor
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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