Insider Selling: indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells 17,562 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDIGet Rating) COO Steven Machuga sold 17,562 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $6.81, for a total transaction of $119,597.22. Following the sale, the chief operating officer now owns 155,938 shares in the company, valued at $1,061,937.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Steven Machuga also recently made the following trade(s):

  • On Monday, March 14th, Steven Machuga sold 8,699 shares of indie Semiconductor stock. The stock was sold at an average price of $7.30, for a total transaction of $63,502.70.
  • On Thursday, February 24th, Steven Machuga sold 95,803 shares of indie Semiconductor stock. The stock was sold at an average price of $7.28, for a total transaction of $697,445.84.

INDI stock opened at $7.07 on Wednesday. indie Semiconductor, Inc. has a 52-week low of $5.07 and a 52-week high of $16.33. The company’s 50 day simple moving average is $7.10 and its 200-day simple moving average is $9.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.09 and a current ratio of 7.36.

indie Semiconductor (NASDAQ:INDIGet Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). indie Semiconductor had a negative net margin of 140.59% and a negative return on equity of 31.29%. The business had revenue of $18.96 million for the quarter, compared to analyst estimates of $18.24 million. On average, research analysts anticipate that indie Semiconductor, Inc. will post -0.46 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC grew its position in indie Semiconductor by 11.4% during the third quarter. Cetera Advisors LLC now owns 11,700 shares of the company’s stock valued at $144,000 after purchasing an additional 1,200 shares in the last quarter. Advisor Group Holdings Inc. grew its position in indie Semiconductor by 41.1% during the third quarter. Advisor Group Holdings Inc. now owns 6,532 shares of the company’s stock valued at $80,000 after purchasing an additional 1,903 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in indie Semiconductor during the third quarter valued at approximately $25,000. Samalin Investment Counsel LLC purchased a new position in indie Semiconductor during the fourth quarter valued at approximately $25,000. Finally, Harbour Investments Inc. grew its position in indie Semiconductor by 579.0% during the fourth quarter. Harbour Investments Inc. now owns 2,974 shares of the company’s stock valued at $36,000 after purchasing an additional 2,536 shares in the last quarter. 25.04% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on INDI shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of indie Semiconductor from $13.00 to $11.00 in a research report on Friday, May 13th. B. Riley dropped their target price on shares of indie Semiconductor from $15.00 to $9.00 in a report on Friday, May 13th. Zacks Investment Research upgraded shares of indie Semiconductor from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Wednesday, May 11th. Finally, Benchmark initiated coverage on shares of indie Semiconductor in a report on Friday, May 13th. They issued a “buy” rating and a $17.00 target price on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $13.29.

indie Semiconductor Company Profile (Get Rating)

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications. It offers devices for a multitude of automotive applications spanning ultrasound for parking assistance, in cabin wireless charging, infotainment and LED lighting for enhancing the user experience, and telematics and cloud access for connectivity; and photonic components on various technology platforms, including fiber bragg gratings, low noise lasers, athermal and tunable packaging, photonic integration, and low noise and high-speed electronics for the laser systems, optical sensing, and optical communication markets.

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