indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) COO Michael Wittmann sold 10,875 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $2.81, for a total transaction of $30,558.75. Following the completion of the transaction, the chief operating officer now directly owns 77,887 shares of the company's stock, valued at approximately $218,862.47. The trade was a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Michael Wittmann also recently made the following trade(s):
- On Friday, March 7th, Michael Wittmann sold 13,570 shares of indie Semiconductor stock. The shares were sold at an average price of $2.90, for a total transaction of $39,353.00.
- On Monday, January 6th, Michael Wittmann sold 2,012 shares of indie Semiconductor stock. The shares were sold at an average price of $4.71, for a total transaction of $9,476.52.
- On Thursday, January 2nd, Michael Wittmann sold 3,125 shares of indie Semiconductor stock. The shares were sold at an average price of $4.17, for a total transaction of $13,031.25.
- On Monday, December 23rd, Michael Wittmann sold 18,375 shares of indie Semiconductor stock. The shares were sold at an average price of $4.10, for a total transaction of $75,337.50.
indie Semiconductor Stock Performance
indie Semiconductor stock opened at $2.74 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. indie Semiconductor, Inc. has a 1-year low of $2.43 and a 1-year high of $7.82. The firm has a market capitalization of $553.25 million, a P/E ratio of -3.61 and a beta of 1.54. The company's 50-day moving average is $3.89 and its 200 day moving average is $3.99.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The company had revenue of $58.01 million for the quarter, compared to analysts' expectations of $58.20 million. indie Semiconductor had a negative return on equity of 28.08% and a negative net margin of 61.59%. Research analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on INDI. Benchmark lowered their price target on shares of indie Semiconductor from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, February 21st. KeyCorp reduced their price objective on shares of indie Semiconductor from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Finally, UBS Group began coverage on shares of indie Semiconductor in a research report on Friday, January 24th. They issued a "neutral" rating and a $4.50 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.50.
Read Our Latest Research Report on indie Semiconductor
Hedge Funds Weigh In On indie Semiconductor
A number of institutional investors have recently modified their holdings of INDI. National Bank of Canada FI increased its position in shares of indie Semiconductor by 42.7% during the fourth quarter. National Bank of Canada FI now owns 13,452 shares of the company's stock worth $54,000 after acquiring an additional 4,023 shares during the period. ArrowMark Colorado Holdings LLC purchased a new position in shares of indie Semiconductor during the fourth quarter worth approximately $55,000. Regal Investment Advisors LLC increased its position in shares of indie Semiconductor by 39.2% during the fourth quarter. Regal Investment Advisors LLC now owns 14,174 shares of the company's stock worth $57,000 after acquiring an additional 3,988 shares during the period. Virtu Financial LLC purchased a new position in shares of indie Semiconductor during the third quarter worth approximately $58,000. Finally, Daiwa Securities Group Inc. increased its position in shares of indie Semiconductor by 74.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,897 shares of the company's stock worth $60,000 after acquiring an additional 6,363 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.
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.
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