indie Semiconductor (NASDAQ:INDI) Upgraded at TheStreet

TheStreet upgraded shares of indie Semiconductor (NASDAQ:INDIGet Rating) from a d rating to a c- rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports.

Separately, Deutsche Bank Aktiengesellschaft dropped their price target on shares of indie Semiconductor from $11.00 to $10.00 in a research note on Wednesday, July 20th.

indie Semiconductor Stock Performance

Shares of INDI stock opened at $6.66 on Monday. indie Semiconductor has a 12 month low of $5.07 and a 12 month high of $16.22. The stock has a market cap of $971.34 million, a PE ratio of -12.94 and a beta of 0.69. The company has a current ratio of 3.95, a quick ratio of 3.70 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $7.80 and its 200-day moving average price is $7.27.

Insider Buying and Selling

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $8.17, for a total value of $408,500.00. Following the completion of the transaction, the chief executive officer now owns 669 shares of the company’s stock, valued at approximately $5,465.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CTO Scott David Kee sold 200,000 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $8.82, for a total transaction of $1,764,000.00. Following the completion of the sale, the chief technology officer now owns 669 shares of the company’s stock, valued at approximately $5,900.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $8.17, for a total transaction of $408,500.00. Following the sale, the chief executive officer now directly owns 669 shares of the company’s stock, valued at approximately $5,465.73. The disclosure for this sale can be found here. Insiders have sold a total of 430,000 shares of company stock worth $3,515,200 in the last quarter. Corporate insiders own 14.30% of the company’s stock.

Institutional Investors Weigh In On indie Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in indie Semiconductor by 384.8% in the 3rd quarter. UBS Group AG now owns 3,849 shares of the company’s stock worth $29,000 after acquiring an additional 3,055 shares in the last quarter. Royal Bank of Canada increased its stake in shares of indie Semiconductor by 17.7% during the first quarter. Royal Bank of Canada now owns 24,052 shares of the company’s stock valued at $188,000 after buying an additional 3,615 shares during the period. Itau Unibanco Holding S.A. bought a new stake in indie Semiconductor during the third quarter valued at about $30,000. Wolverine Asset Management LLC boosted its holdings in indie Semiconductor by 72.5% in the first quarter. Wolverine Asset Management LLC now owns 9,820 shares of the company’s stock worth $76,000 after acquiring an additional 4,127 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in indie Semiconductor by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 24,418 shares of the company’s stock valued at $191,000 after acquiring an additional 4,272 shares in the last quarter. 34.35% of the stock is owned by hedge funds and other institutional investors.

indie Semiconductor Company Profile

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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.

Further Reading

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