indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann Sells 18,375 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 18,375 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 28,860 shares in the company, valued at $118,326. This trade represents a 38.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

indie Semiconductor Price Performance

INDI opened at $4.42 on Friday. The company’s 50-day simple moving average is $4.23 and its two-hundred day simple moving average is $4.73. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $8.62. The stock has a market capitalization of $892.47 million, a P/E ratio of -6.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 272 Capital LP purchased a new stake in indie Semiconductor during the 3rd quarter valued at $511,000. American Trust grew its holdings in shares of indie Semiconductor by 28.2% in the third quarter. American Trust now owns 28,976 shares of the company’s stock worth $116,000 after acquiring an additional 6,375 shares during the period. Virtu Financial LLC bought a new stake in shares of indie Semiconductor in the third quarter worth $58,000. Barclays PLC boosted its position in indie Semiconductor by 330.7% in the third quarter. Barclays PLC now owns 256,799 shares of the company’s stock worth $1,026,000 after purchasing an additional 197,179 shares during the last quarter. Finally, Meros Investment Management LP grew its stake in shares of indie Semiconductor by 5.4% during the 3rd quarter. Meros Investment Management LP now owns 865,325 shares of the company’s stock valued at $3,453,000 after purchasing an additional 44,096 shares during the period. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Benchmark dropped their price target 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. Roth Mkm reduced their price target on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, indie Semiconductor currently has a consensus rating of “Buy” and a consensus price target of $8.92.

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.