indie Semiconductor, Inc. (NASDAQ:INDI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of indie Semiconductor, Inc. (NASDAQ:INDI) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $8.29.

A number of equities research analysts have recently weighed in on the company. UBS Group started coverage on indie Semiconductor in a research report on Friday, January 24th. They set a “neutral” rating and a $4.50 target price for the company. Roth Mkm dropped their price objective on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Benchmark dropped their price objective on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

indie Semiconductor Trading Down 0.8 %

INDI stock opened at $3.86 on Tuesday. The company has a market cap of $779.40 million, a P/E ratio of -5.76 and a beta of 1.41. indie Semiconductor has a twelve month low of $3.16 and a twelve month high of $7.82. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $4.21 and a 200-day moving average of $4.11.

Insider Buying and Selling at indie Semiconductor

In other news, COO Michael Wittmann sold 18,375 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50. Following the completion of the transaction, the chief operating officer now directly owns 28,860 shares of the company’s stock, valued at $118,326. This represents a 38.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald Mcclymont sold 50,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.31, for a total value of $215,500.00. Following the transaction, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at $79,092.81. This represents a 73.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,593 shares of company stock valued at $330,291. Company insiders own 8.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of indie Semiconductor by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,954 shares of the company’s stock worth $1,069,000 after buying an additional 32,979 shares during the period. Two Sigma Investments LP acquired a new position in shares of indie Semiconductor during the fourth quarter worth about $386,000. ProShare Advisors LLC boosted its position in shares of indie Semiconductor by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 46,197 shares of the company’s stock worth $187,000 after buying an additional 15,202 shares during the period. Meros Investment Management LP boosted its position in shares of indie Semiconductor by 43.4% during the fourth quarter. Meros Investment Management LP now owns 1,240,949 shares of the company’s stock worth $5,026,000 after buying an additional 375,624 shares during the period. Finally, Millennium Management LLC boosted its position in shares of indie Semiconductor by 13.0% during the fourth quarter. Millennium Management LLC now owns 665,236 shares of the company’s stock worth $2,694,000 after buying an additional 76,727 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

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.