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

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 18,375 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

indie Semiconductor Stock Performance

Shares of INDI opened at $4.34 on Friday. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.55. 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 stock has a 50 day moving average price of $4.24 and a two-hundred day moving average price of $4.71. The firm has a market capitalization of $876.32 million, a P/E ratio of -6.48 and a beta of 1.37.

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of INDI. Primecap Management Co. CA boosted 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 acquiring an additional 9,689,326 shares during the last quarter. Bamco Inc. NY boosted its holdings in indie Semiconductor by 0.6% during the third quarter. Bamco Inc. NY now owns 15,240,606 shares of the company’s stock worth $60,810,000 after purchasing an additional 89,181 shares during the last quarter. State Street Corp boosted its holdings in indie Semiconductor by 2.3% during the third quarter. State Street Corp now owns 7,102,029 shares of the company’s stock worth $28,337,000 after purchasing an additional 161,132 shares during the last quarter. Geode Capital Management LLC grew its position in indie Semiconductor by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,944,067 shares of the company’s stock worth $15,739,000 after purchasing an additional 276,739 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in indie Semiconductor by 290.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company’s stock valued at $12,752,000 after buying an additional 2,377,612 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on INDI. Roth Mkm cut 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 lowered their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price 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.