indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann Sells 3,531 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 3,531 shares of indie Semiconductor stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $3.87, for a total value of $13,664.97. Following the completion of the transaction, the chief operating officer now owns 47,235 shares in the company, valued at approximately $182,799.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, July 3rd, Michael Wittmann sold 1,729 shares of indie Semiconductor stock. The shares were 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

NASDAQ INDI opened at $3.51 on Friday. The company has a market capitalization of $692.94 million, a price-to-earnings ratio of -7.16 and a beta of 1.20. The company has a quick ratio of 2.20, a current ratio of 2.66 and a debt-to-equity ratio of 0.31. indie Semiconductor, Inc. has a twelve month low of $3.50 and a twelve month high of $8.69. The stock has a fifty day simple moving average of $5.23 and a 200 day simple moving average of $6.01.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $53.61 million. indie Semiconductor had a negative return on equity of 22.48% and a negative net margin of 34.65%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. Sell-side analysts expect that indie Semiconductor, Inc. will post -0.7 EPS for the current year.

Institutional Trading of indie Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of indie Semiconductor by 1,743.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock valued at $25,000 after purchasing an additional 3,906 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in indie Semiconductor by 40.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after acquiring an additional 2,000 shares during the period. Financial Management Professionals Inc. bought a new position in shares of indie Semiconductor in the 1st quarter worth about $53,000. Psagot Value Holdings Ltd. Israel lifted its stake in shares of indie Semiconductor by 24.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock valued at $69,000 after purchasing an additional 1,610 shares during the period. Finally, Quent Capital LLC lifted its stake in shares of indie Semiconductor by 66.7% in the 1st quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $71,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

INDI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. KeyCorp reduced their price objective on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. B. Riley reiterated a “buy” rating and issued a $13.50 target price (down from $14.50) on shares of indie Semiconductor in a research report on Friday, May 10th. Finally, Roth Mkm cut their price target on indie Semiconductor from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $11.21.

indie Semiconductor Company Profile

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.