indie Semiconductor (NASDAQ:INDI) CEO Donald Mcclymont Sells 82,957 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 82,957 shares of indie Semiconductor stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $3.67, for a total value of $304,452.19. Following the transaction, the chief executive officer owned 186,202 shares of the company’s stock, valued at $683,361.34. This represents a 30.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, December 15th, Donald Mcclymont sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.09, for a total value of $409,000.00.
• On Tuesday, December 2nd, Donald Mcclymont sold 13,065 shares of indie Semiconductor stock. The shares were 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 stock was sold at an average price of $6.01, for a total transaction of $1,202,000.00.

indie Semiconductor Stock Performance

Shares of INDI traded up $0.34 during trading hours on Tuesday, hitting $4.00. The company had a trading volume of 3,633,305 shares, compared to its average volume of 3,035,014. The business has a fifty day moving average of $4.07 and a 200-day moving average of $4.19. The company has a quick ratio of 3.18, a current ratio of 3.75 and a debt-to-equity ratio of 0.86. The firm has a market cap of $878.52 million, a price-to-earnings ratio of -5.33 and a beta of 2.54. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $6.05.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on INDI shares. Roth Capital restated a “buy” rating and issued a $8.00 price target on shares of indie Semiconductor in a research note on Wednesday, October 15th. UBS Group boosted their target price on shares of indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, indie Semiconductor presently has a consensus rating of “Moderate Buy” and an average target price of $6.60.

Institutional Trading of indie Semiconductor

Several large investors have recently modified their holdings of INDI. ProShare Advisors LLC raised its stake in indie Semiconductor by 9.0% in the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company’s stock valued at $142,000 after purchasing an additional 3,300 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in indie Semiconductor by 9.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company’s stock valued at $162,000 after buying an additional 3,898 shares during the period. CWM LLC raised its position in shares of indie Semiconductor by 34.7% in the 2nd quarter. CWM LLC now owns 15,215 shares of the company’s stock valued at $54,000 after buying an additional 3,916 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of indie Semiconductor by 32.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock valued at $66,000 after buying an additional 3,921 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of indie Semiconductor by 27.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company’s stock worth $71,000 after acquiring an additional 4,207 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

About indie Semiconductor

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.