indie Semiconductor (INDI) Expected to Announce Quarterly Earnings on Thursday

indie Semiconductor (NASDAQ:INDI) is expected to be releasing its earnings data after the market closes on Thursday, February 20th. Analysts expect indie Semiconductor to post earnings of ($0.07) per share and revenue of $58.20 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

indie Semiconductor Stock Performance

INDI stock opened at $4.03 on Wednesday. indie Semiconductor has a fifty-two week low of $3.16 and a fifty-two week high of $7.82. The business’s 50-day moving average is $4.20 and its two-hundred day moving average is $4.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INDI. Benchmark lowered their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. UBS Group began coverage on indie Semiconductor in a report on Friday, January 24th. They issued a “neutral” rating and a $4.50 target price on the stock. Finally, Roth Mkm lowered their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.29.

Insider Activity

In related news, CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00. Following the completion of the sale, the chief executive officer now owns 18,351 shares in the company, valued at approximately $79,092.81. This trade represents a 73.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Michael Wittmann sold 18,375 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $4.10, for a total value of $75,337.50. Following the completion of the transaction, the chief operating officer now directly owns 28,860 shares in the company, valued at approximately $118,326. This represents a 38.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,593 shares of company stock worth $330,291 in the last three months. Company insiders own 8.20% of the company’s stock.

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.