indie Semiconductor (NASDAQ:INDI) CEO Sells $153,000.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $3.06, for a total transaction of $153,000.00. Following the completion of the transaction, the chief executive officer directly owned 282,393 shares in the company, valued at $864,122.58. This trade represents a 15.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 2nd, Donald Mcclymont sold 90,644 shares of indie Semiconductor stock. The shares were sold at an average price of $3.56, for a total transaction of $322,692.64.
• On Monday, January 5th, Donald Mcclymont sold 82,957 shares of indie Semiconductor stock. The stock was sold at an average price of $3.67, for a total value of $304,452.19.

indie Semiconductor Trading Down 4.4%

Shares of INDI stock opened at $3.05 on Tuesday. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.05. The stock’s fifty day moving average price is $3.44 and its two-hundred day moving average price is $3.96. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.10 and a current ratio of 3.73. The company has a market cap of $682.16 million, a PE ratio of -4.18 and a beta of 2.55.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $58.01 million during the quarter, compared to the consensus estimate of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.indie Semiconductor’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) EPS. Equities analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On indie Semiconductor

Several large investors have recently bought and sold shares of INDI. HBK Sorce Advisory LLC acquired a new stake in shares of indie Semiconductor during the third quarter valued at about $41,000. Evergreen Capital Management LLC acquired a new position in shares of indie Semiconductor in the second quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd increased its stake in shares of indie Semiconductor by 45,829.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock valued at $39,000 after buying an additional 10,999 shares during the period. Jump Financial LLC bought a new position in indie Semiconductor in the 2nd quarter valued at approximately $39,000. Finally, Gainplan LLC bought a new position in indie Semiconductor in the 4th quarter valued at approximately $39,000. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on INDI shares. UBS Group set a $4.25 price target on shares of indie Semiconductor in a research note on Sunday, February 22nd. Wall Street Zen downgraded shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, indie Semiconductor has a consensus rating of “Moderate Buy” and a consensus price target of $6.45.

indie Semiconductor Company Profile

indie Semiconductor, Inc is a fabless semiconductor company headquartered in San Jose, California, that specializes in advanced chip solutions for the automotive industry. The company designs and develops microcontrollers, sensor processing units, application processors and power management integrated circuits tailored for electric vehicles (EVs), advanced driver assistance systems (ADAS), infotainment and digital clusters. indie’s product portfolio aims to deliver high performance, energy efficiency and functional safety to meet stringent automotive requirements.

Originally formed as Integrated Memory Systems in 2021 through a business combination with a special purpose acquisition company, the firm rebranded to indie Semiconductor in early 2022.