indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) COO Michael Wittmann sold 3,531 shares of indie Semiconductor stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $3.87, for a total transaction of $13,664.97. Following the completion of the sale, the chief operating officer now directly owns 47,235 shares in the company, valued at approximately $182,799.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael Wittmann also recently made the following trade(s):
- On Wednesday, July 3rd, Michael Wittmann sold 1,729 shares of indie Semiconductor stock. The stock was sold at an average price of $6.13, for a total transaction of $10,598.77.
- On Friday, June 21st, Michael Wittmann sold 1,622 shares of indie Semiconductor stock. The stock was sold at an average price of $6.20, for a total transaction of $10,056.40.
indie Semiconductor Stock Performance
indie Semiconductor stock opened at $3.90 on Thursday. The firm's 50 day simple moving average is $5.33 and its 200 day simple moving average is $6.06. The company has a current ratio of 2.66, a quick ratio of 2.20 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $768.95 million, a PE ratio of -7.95 and a beta of 1.20. indie Semiconductor, Inc. has a 1-year low of $3.73 and a 1-year high of $8.69.
Protect Your Bank Account with THESE 4 Simple Steps
From Weiss Ratings | Ad
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide.
It will give them unprecedented powers to control your bank account.
Learn these 4 simple steps and protect your savings before it’s too late.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, hitting analysts' consensus estimates of ($0.09). indie Semiconductor had a negative net margin of 34.65% and a negative return on equity of 22.48%. The business had revenue of $52.40 million during the quarter, compared to analysts' expectations of $53.61 million. During the same quarter in the previous year, the company earned ($0.11) EPS. The business's quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts expect that indie Semiconductor, Inc. will post -0.7 earnings per share for the current fiscal year.
Hedge Funds Weigh In On indie Semiconductor
A number of hedge funds and other institutional investors have recently bought and sold shares of INDI. GAMMA Investing LLC grew its stake in indie Semiconductor by 1,743.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company's stock worth $25,000 after buying an additional 3,906 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in indie Semiconductor in the 1st quarter worth approximately $53,000. Newbridge Financial Services Group Inc. grew its stake in indie Semiconductor by 40.8% in the 4th 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. Xponance Inc. purchased a new position in indie Semiconductor in the 2nd quarter worth approximately $63,000. Finally, Psagot Value Holdings Ltd. Israel grew its stake in indie Semiconductor by 24.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company's stock worth $69,000 after buying an additional 1,610 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Roth Mkm lowered their price target on shares of indie Semiconductor from $10.00 to $7.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of indie Semiconductor from $9.00 to $7.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. B. Riley reissued a "buy" rating and issued a $13.50 price target (down previously from $14.50) on shares of indie Semiconductor in a research report on Friday, May 10th. Finally, KeyCorp lowered their price target on shares of indie Semiconductor from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Friday, May 10th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $11.21.
Read Our Latest Research Report on indie Semiconductor
About indie Semiconductor
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
