indie Semiconductor Target of Unusually High Options Trading (NASDAQ:INDI)

indie Semiconductor, Inc. (NASDAQ:INDIGet Free Report) was the target of unusually large options trading on Monday. Stock investors acquired 10,540 call options on the stock. This represents an increase of 511% compared to the typical daily volume of 1,726 call options.

indie Semiconductor Trading Up 13.2 %

Shares of indie Semiconductor stock opened at $7.55 on Tuesday. indie Semiconductor has a 12-month low of $4.67 and a 12-month high of $10.85. The company has a current ratio of 1.74, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.41 billion, a PE ratio of -15.41 and a beta of 1.24. The company has a 50-day moving average of $6.21 and a two-hundred day moving average of $6.81.

indie Semiconductor (NASDAQ:INDIGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.13). indie Semiconductor had a negative net margin of 32.12% and a negative return on equity of 21.08%. The company had revenue of $52.35 million during the quarter, compared to analysts’ expectations of $56.30 million. On average, research analysts anticipate that indie Semiconductor will post -0.62 EPS for the current fiscal year.

Insider Transactions at indie Semiconductor

In other news, CFO Thomas Schiller sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $5.68, for a total transaction of $340,800.00. Following the transaction, the chief financial officer now directly owns 1,039,583 shares in the company, valued at approximately $5,904,831.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Thomas Schiller sold 60,000 shares of indie Semiconductor stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total transaction of $340,800.00. Following the sale, the chief financial officer now owns 1,039,583 shares of the company’s stock, valued at approximately $5,904,831.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael Wittmann sold 8,700 shares of indie Semiconductor stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $6.95, for a total transaction of $60,465.00. Following the sale, the chief operating officer now directly owns 35,460 shares in the company, valued at approximately $246,447. The disclosure for this sale can be found here. Insiders have sold a total of 123,673 shares of company stock worth $768,541 in the last ninety days. Insiders own 8.20% of the company’s stock.

Institutional Trading of indie Semiconductor

A number of hedge funds have recently bought and sold shares of INDI. Nisa Investment Advisors LLC grew its stake in shares of indie Semiconductor by 269.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock valued at $50,000 after buying an additional 4,470 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of indie Semiconductor during the 1st quarter valued at $53,000. Newbridge Financial Services Group Inc. grew its stake in shares of indie Semiconductor by 40.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $56,000 after buying an additional 2,000 shares during the period. Psagot Value Holdings Ltd. Israel lifted its holdings in shares of indie Semiconductor by 24.2% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock valued at $69,000 after acquiring an additional 1,610 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of indie Semiconductor by 66.7% during the 1st quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $71,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

INDI has been the subject of several research reports. Craig Hallum dropped their price target on shares of indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. B. Riley restated a “buy” rating and issued a $13.50 price target (down previously from $14.50) on shares of indie Semiconductor in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of indie Semiconductor from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, KeyCorp lowered their target price on shares of indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $12.64.

Get Our Latest Stock Analysis on indie Semiconductor

indie Semiconductor Company Profile

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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.

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