indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) CEO Donald Mcclymont sold 46,928 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $3.72, for a total transaction of $174,572.16. Following the completion of the transaction, the chief executive officer directly owned 468,441 shares of the company’s stock, valued at $1,742,600.52. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Donald Mcclymont also recently made the following trade(s):
- On Thursday, July 2nd, Donald Mcclymont sold 126,496 shares of indie Semiconductor stock. The stock was sold at an average price of $4.45, for a total transaction of $562,907.20.
- On Monday, June 15th, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.19, for a total value of $209,500.00.
indie Semiconductor Stock Performance
Shares of INDI stock traded down $0.16 during trading on Tuesday, reaching $3.55. 4,218,385 shares of the company’s stock were exchanged, compared to its average volume of 5,406,063. indie Semiconductor, Inc. has a twelve month low of $2.32 and a twelve month high of $6.05. The stock has a market capitalization of $822.93 million, a PE ratio of -4.86 and a beta of 2.79. The firm’s fifty day moving average price is $3.91 and its 200-day moving average price is $3.75. The company has a quick ratio of 2.86, a current ratio of 3.65 and a debt-to-equity ratio of 1.25.
Institutional Investors Weigh In On indie Semiconductor
Large investors have recently made changes to their positions in the business. Elemental Capital Partners LLC grew its stake in indie Semiconductor by 60.0% in the first quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock worth $40,715,000 after purchasing an additional 4,741,680 shares during the period. Granahan Investment Management LLC boosted its stake in indie Semiconductor by 17.8% during the 1st quarter. Granahan Investment Management LLC now owns 20,283,839 shares of the company’s stock valued at $65,314,000 after purchasing an additional 3,067,255 shares during the last quarter. Millennium Management LLC lifted its stake in indie Semiconductor by 456.6% during the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock valued at $7,535,000 after acquiring an additional 3,037,435 shares during the period. Wasatch Advisors LP lifted its holdings in shares of indie Semiconductor by 130.0% during the 1st quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock valued at $12,272,000 after buying an additional 2,154,279 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of indie Semiconductor by 117.0% in the 4th quarter. Handelsbanken Fonder AB now owns 3,428,175 shares of the company’s stock worth $12,101,000 after purchasing an additional 1,848,489 shares during the period. 67.73% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Roth Capital set a $5.00 target price on indie Semiconductor in a research note on Friday, August 7th. UBS Group upped their price target on indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a research report on Friday, May 8th. TD Cowen increased their price target on indie Semiconductor from $4.00 to $4.50 and gave the stock a “hold” rating in a report on Monday, July 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, indie Semiconductor currently has an average rating of “Hold” and a consensus target price of $4.75.
Read Our Latest Research Report on indie Semiconductor
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.
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