Insider Selling: indie Semiconductor, Inc. (NASDAQ:INDI) CEO Sells $215,500.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $4.31, for a total transaction of $215,500.00. Following the completion of the transaction, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at approximately $79,092.81. The trade was a 73.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Donald Mcclymont also recently made the following trade(s):

• On Tuesday, November 26th, Donald Mcclymont sold 3,081 shares of indie Semiconductor stock. The stock was sold at an average price of $5.50, for a total value of $16,945.50.
• On Tuesday, November 12th, Donald Mcclymont sold 200,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.71, for a total value of $942,000.00.

indie Semiconductor Price Performance

Shares of INDI stock opened at $4.10 on Friday. The stock has a 50 day moving average price of $4.17 and a 200 day moving average price of $4.82. indie Semiconductor, Inc. has a 52-week low of $3.16 and a 52-week high of $8.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. The firm has a market capitalization of $827.86 million, a P/E ratio of -6.12 and a beta of 1.37.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Roth Mkm decreased their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, November 8th. 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, indie Semiconductor has a consensus rating of “Buy” and a consensus price target of $8.92.

Institutional Trading of indie Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of indie Semiconductor in the second quarter worth about $156,000. Tempus Wealth Planning LLC increased its position in shares of indie Semiconductor by 30.6% during the second quarter. Tempus Wealth Planning LLC now owns 22,353 shares of the company’s stock worth $138,000 after acquiring an additional 5,238 shares during the period. Calamos Advisors LLC bought a new stake in shares of indie Semiconductor during the second quarter valued at approximately $478,000. Bank of New York Mellon Corp boosted its holdings in shares of indie Semiconductor by 24.2% in the second quarter. Bank of New York Mellon Corp now owns 643,273 shares of the company’s stock valued at $3,969,000 after purchasing an additional 125,158 shares during the period. Finally, SlateStone Wealth LLC bought a new position in indie Semiconductor in the second quarter worth approximately $82,000. 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.