Donald Mcclymont Sells 100,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 100,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $4.09, for a total transaction of $409,000.00. Following the completion of the sale, the chief executive officer directly owned 48,130 shares of the company’s stock, valued at approximately $196,851.70. This trade represents a 67.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Donald Mcclymont also recently made the following trade(s):

• On Tuesday, December 2nd, Donald Mcclymont sold 13,065 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total value of $46,250.10.
• On Wednesday, October 15th, Donald Mcclymont sold 200,000 shares of indie Semiconductor stock. The shares were sold at an average price of $6.01, for a total value of $1,202,000.00.
• On Monday, September 22nd, Donald Mcclymont sold 188,700 shares of indie Semiconductor stock. The shares were sold at an average price of $4.01, for a total transaction of $756,687.00.

indie Semiconductor Stock Down 4.5%

indie Semiconductor stock traded down $0.18 during midday trading on Wednesday, hitting $3.80. The stock had a trading volume of 3,431,399 shares, compared to its average volume of 4,102,035. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $6.05. The business has a fifty day moving average price of $4.51 and a 200 day moving average price of $4.13. The stock has a market cap of $834.60 million, a P/E ratio of -5.07 and a beta of 2.60.

indie Semiconductor (NASDAQ:INDI) last posted 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). indie Semiconductor had a negative net margin of 66.84% and a negative return on equity of 28.84%. The firm had revenue of $53.68 million for the quarter, compared to analyst estimates of $53.98 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

INDI has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of indie Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group raised their target price on indie Semiconductor from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Roth Capital restated a “buy” rating and set a $8.00 price objective on shares of indie Semiconductor in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, indie Semiconductor currently has an average rating of “Moderate Buy” and an average target price of $6.60.

Institutional Trading of indie Semiconductor

Several institutional investors and hedge funds 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 worth $34,000 after buying an additional 7,536 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of indie Semiconductor by 32.7% in the first quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock worth $36,000 after acquiring an additional 4,400 shares during the period. Ethic Inc. purchased a new stake in shares of indie Semiconductor in the 2nd quarter worth $36,000. Evergreen Capital Management LLC purchased a new stake in shares of indie Semiconductor in the second quarter worth $37,000. Finally, Hsbc Holdings PLC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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.