indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont Sells 200,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 200,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00. Following the sale, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at approximately $86,433.21. This represents a 91.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

indie Semiconductor Stock Up 4.9 %

NASDAQ INDI traded up $0.22 on Friday, reaching $4.68. The stock had a trading volume of 797,522 shares, compared to its average volume of 2,890,702. indie Semiconductor, Inc. has a 12-month low of $3.16 and a 12-month high of $8.69. The stock has a fifty day moving average price of $3.76 and a two-hundred day moving average price of $5.12. The company has a quick ratio of 2.20, a current ratio of 2.39 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

INDI has been the topic of several recent research reports. 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. Deutsche Bank Aktiengesellschaft reduced their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Benchmark reduced their target price on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $9.79.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of INDI. Bamco Inc. NY boosted its position in indie Semiconductor by 0.6% in the 3rd quarter. Bamco Inc. NY now owns 15,240,606 shares of the company’s stock valued at $60,810,000 after buying an additional 89,181 shares during the period. 272 Capital LP acquired a new stake in shares of indie Semiconductor in the third quarter valued at $174,000. Truvestments Capital LLC boosted its holdings in indie Semiconductor by 15.6% in the third quarter. Truvestments Capital LLC now owns 56,456 shares of the company’s stock valued at $225,000 after purchasing an additional 7,601 shares during the period. Charles Schwab Investment Management Inc. grew its stake in indie Semiconductor by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,318,300 shares of the company’s stock worth $5,260,000 after purchasing an additional 120,071 shares in the last quarter. Finally, Primecap Management Co. CA increased its holdings in indie Semiconductor by 61.4% during the 3rd quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company’s stock worth $101,619,000 after purchasing an additional 9,689,326 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

About indie Semiconductor

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.