indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells $13,031.25 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 3,125 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.17, for a total transaction of $13,031.25. Following the sale, the chief operating officer now owns 25,735 shares in the company, valued at approximately $107,314.95. The trade was a 10.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 23rd, Michael Wittmann sold 18,375 shares of indie Semiconductor stock. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50.

indie Semiconductor Price Performance

NASDAQ INDI opened at $4.66 on Tuesday. The stock has a market capitalization of $940.93 million, a price-to-earnings ratio of -6.96 and a beta of 1.41. indie Semiconductor, Inc. has a 1-year low of $3.16 and a 1-year high of $7.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. The business’s fifty day moving average price is $4.34 and its 200-day moving average price is $4.56.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INDI shares. Benchmark reduced their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Roth Mkm reduced their price objective on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $8.92.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA grew its stake in shares of indie Semiconductor by 61.4% during the 3rd quarter. Primecap Management Co. CA now owns 25,468,445 shares of the company’s stock valued at $101,619,000 after purchasing an additional 9,689,326 shares during the period. Bamco Inc. NY grew its position in indie Semiconductor by 0.6% during the third 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. State Street Corp grew its position in indie Semiconductor by 2.3% during the third quarter. State Street Corp now owns 7,102,029 shares of the company’s stock valued at $28,337,000 after buying an additional 161,132 shares during the period. Geode Capital Management LLC increased its holdings in indie Semiconductor by 7.5% during the third quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company’s stock valued at $15,739,000 after buying an additional 276,739 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in indie Semiconductor by 290.6% in the third quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company’s stock worth $12,752,000 after acquiring an additional 2,377,612 shares during the period. Institutional investors own 67.73% 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.