indie Semiconductor (NASDAQ:INDI) PT Lowered to $13.00

indie Semiconductor (NASDAQ:INDIGet Rating) had its target price dropped by research analysts at Deutsche Bank Aktiengesellschaft from $16.00 to $13.00 in a research report issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 85.98% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, April 2nd. B. Riley reduced their price objective on shares of indie Semiconductor from $22.00 to $15.00 in a research note on Thursday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, indie Semiconductor currently has a consensus rating of “Buy” and an average price target of $14.75.

Shares of NASDAQ:INDI opened at $6.99 on Wednesday. The firm’s fifty day moving average is $7.56. The firm has a market cap of $909.18 million, a price-to-earnings ratio of 2.04 and a beta of 0.26. indie Semiconductor has a 12-month low of $6.45 and a 12-month high of $16.33. The company has a quick ratio of 7.09, a current ratio of 7.36 and a debt-to-equity ratio of 0.02.

indie Semiconductor (NASDAQ:INDIGet Rating) last released its quarterly earnings data on Tuesday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The business had revenue of $18.96 million during the quarter, compared to analyst estimates of $18.24 million. Sell-side analysts expect that indie Semiconductor will post -0.46 earnings per share for the current year.

In related news, COO Steven Machuga sold 95,803 shares of indie Semiconductor stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $7.28, for a total value of $697,445.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Scott David Kee sold 188,912 shares of indie Semiconductor stock in a transaction on Monday, February 28th. The stock was sold at an average price of $7.89, for a total transaction of $1,490,515.68. The disclosure for this sale can be found here. Insiders sold a total of 306,403 shares of company stock worth $2,354,177 in the last quarter. Insiders own 20.23% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cetera Advisors LLC increased its holdings in shares of indie Semiconductor by 11.4% during the 3rd quarter. Cetera Advisors LLC now owns 11,700 shares of the company’s stock worth $144,000 after purchasing an additional 1,200 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of indie Semiconductor by 41.1% during the 3rd quarter. Advisor Group Holdings Inc. now owns 6,532 shares of the company’s stock worth $80,000 after purchasing an additional 1,903 shares during the period. Wolverine Asset Management LLC bought a new position in shares of indie Semiconductor during the 3rd quarter worth about $25,000. Samalin Investment Counsel LLC bought a new position in shares of indie Semiconductor during the 4th quarter worth about $25,000. Finally, Harbour Investments Inc. increased its holdings in shares of indie Semiconductor by 579.0% during the 4th quarter. Harbour Investments Inc. now owns 2,974 shares of the company’s stock worth $36,000 after purchasing an additional 2,536 shares during the period. Institutional investors own 26.41% of the company’s stock.

About indie Semiconductor (Get Rating)

indie Semiconductor, Inc provides automotive semiconductors and software solutions. It offers its solution for advanced driver assistance systems, including light detection and ranging, connected car, user experience, and electrification applications. The company was founded in 2007 and is headquartered in Aliso Viejo, California.

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