indie Semiconductor, Inc. (NASDAQ:INDI) Receives Average Recommendation of “Buy” from Analysts

Shares of indie Semiconductor, Inc. (NASDAQ:INDI) have been assigned a consensus rating of “Buy” from the seven research firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $9.79.

Several analysts recently issued reports on INDI shares. Roth Mkm reduced their price target on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Benchmark reduced their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, August 9th.

indie Semiconductor Trading Up 0.6 %

Shares of indie Semiconductor stock opened at $5.03 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor has a 12-month low of $3.16 and a 12-month high of $8.69. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -7.51 and a beta of 1.22. The firm’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $5.05.

Insider Transactions at indie Semiconductor

In other indie Semiconductor news, CFO Thomas Schiller sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total value of $287,250.00. Following the completion of the transaction, the chief financial officer now directly owns 977,192 shares in the company, valued at approximately $3,742,645.36. This represents a 7.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Donald Mcclymont sold 200,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00. Following the transaction, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at $86,433.21. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 278,531 shares of company stock worth $1,242,915. Corporate insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of indie Semiconductor by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company’s stock worth $75,047,000 after purchasing an additional 332,500 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in indie Semiconductor by 14.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock valued at $306,000 after buying an additional 5,394 shares during the period. Comerica Bank boosted its position in indie Semiconductor by 23,949.9% during the first quarter. Comerica Bank now owns 314,813 shares of the company’s stock valued at $2,229,000 after acquiring an additional 313,504 shares during the last quarter. GAMMA Investing LLC grew its holdings in indie Semiconductor by 1,743.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after acquiring an additional 3,906 shares during the period. Finally, Moody National Bank Trust Division raised its position in shares of indie Semiconductor by 2.2% in the 2nd quarter. Moody National Bank Trust Division now owns 555,960 shares of the company’s stock worth $3,430,000 after acquiring an additional 11,926 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

indie Semiconductor Company Profile

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.