indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont Sells 50,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $4.31, for a total value of $215,500.00. Following the completion of the sale, the chief executive officer now owns 18,351 shares of the company’s stock, valued at $79,092.81. This trade represents a 73.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, November 26th, Donald Mcclymont sold 3,081 shares of indie Semiconductor stock. The shares were sold at an average price of $5.50, for a total value of $16,945.50.
• On Tuesday, November 12th, Donald Mcclymont sold 200,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.71, for a total value of $942,000.00.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $4.12 on Thursday. The firm’s fifty day moving average price is $4.16 and its two-hundred day moving average price is $4.85. The stock has a market cap of $831.89 million, a PE ratio of -6.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. indie Semiconductor, Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $8.69.

Analyst Ratings Changes

INDI has been the topic of a number of recent analyst reports. Roth Mkm decreased their price objective on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Benchmark decreased their price target on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, indie Semiconductor has an average rating of “Buy” and an average target price of $8.92.

Institutional Investors Weigh In On indie Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in indie Semiconductor in the 3rd quarter valued at approximately $58,000. Xponance Inc. bought a new position in shares of indie Semiconductor during the second quarter valued at $63,000. Creative Planning acquired a new position in shares of indie Semiconductor during the third quarter worth $75,000. Legato Capital Management LLC bought a new stake in shares of indie Semiconductor in the second quarter worth $76,000. Finally, SlateStone Wealth LLC acquired a new stake in indie Semiconductor in the second quarter valued at $82,000. Institutional investors own 67.73% of the company’s stock.

About indie Semiconductor

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.