indie Semiconductor, Inc. (NASDAQ:INDI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

indie Semiconductor, Inc. (NASDAQ:INDI) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $6.60.

Several brokerages have recently weighed in on INDI. Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. UBS Group raised their price target on shares of indie Semiconductor from $4.50 to $5.00 and gave the stock a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Finally, Roth Capital reissued a “buy” rating and issued a $8.00 target price on shares of indie Semiconductor in a report on Wednesday, October 15th.

Insider Buying and Selling at indie Semiconductor

In other news, COO Michael Wittmann sold 37,500 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $3.74, for a total transaction of $140,250.00. Following the sale, the chief operating officer directly owned 94,005 shares of the company’s stock, valued at $351,578.70. This represents a 28.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Donald Mcclymont sold 13,065 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $3.54, for a total value of $46,250.10. Following the transaction, the chief executive officer directly owned 148,130 shares in the company, valued at approximately $524,380.20. This represents a 8.11% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,059,996 shares of company stock worth $4,536,759. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On indie Semiconductor

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its stake in indie Semiconductor by 356.3% in the second quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock valued at $34,000 after acquiring an additional 7,536 shares during the last quarter. National Bank of Canada FI raised its position in shares of indie Semiconductor by 32.7% during the 1st quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock valued at $36,000 after acquiring an additional 4,400 shares during the last quarter. Ethic Inc. acquired a new position in shares of indie Semiconductor in the 2nd quarter valued at $36,000. Evergreen Capital Management LLC bought a new position in shares of indie Semiconductor in the 2nd quarter worth $37,000. Finally, Hsbc Holdings PLC boosted its position in shares of indie Semiconductor by 36.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,486 shares of the company’s stock worth $39,000 after purchasing an additional 5,213 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

indie Semiconductor Stock Performance

Shares of NASDAQ INDI opened at $4.62 on Monday. indie Semiconductor has a 12 month low of $1.53 and a 12 month high of $6.05. The company has a market cap of $1.01 billion, a P/E ratio of -6.16 and a beta of 2.60. The business’s 50 day moving average is $4.50 and its two-hundred day moving average is $4.05. The company has a quick ratio of 3.18, a current ratio of 3.75 and a debt-to-equity ratio of 0.86.

indie Semiconductor (NASDAQ:INDI) last announced its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The company had revenue of $53.68 million for the quarter, compared to the consensus estimate of $53.98 million. indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) EPS. On average, equities analysts expect that indie Semiconductor will post -0.54 EPS for the current year.

About indie Semiconductor

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.