Donald Mcclymont Sells 200,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

Key Points

• Donald Mcclymont, CEO of indie Semiconductor, sold 200,000 shares of the company's stock on October 15th for a total of $1,202,000, decreasing his holdings by nearly 60%.
• As of the most recent trading, indie Semiconductor's stock price declined to $5.32, with a market cap of approximately $1.15 billion and a price-to-earnings ratio of -6.33.
• Analysts maintain a consensus of Moderate Buy on indie Semiconductor, with a target price averaging $6.25, following several recent upgrades and ratings changes.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CEO Donald Mcclymont sold 200,000 shares of the business's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $6.01, for a total transaction of $1,202,000.00. Following the completion of the sale, the chief executive officer owned 135,602 shares in the company, valued at approximately $814,968.02. The trade was a 59.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 22nd, Donald Mcclymont sold 188,700 shares of indie Semiconductor stock. The shares were sold at an average price of $4.01, for a total transaction of $756,687.00.
• On Monday, September 15th, Donald Mcclymont sold 11,300 shares of indie Semiconductor stock. The stock was sold at an average price of $4.00, for a total transaction of $45,200.00.
• On Friday, September 12th, Donald Mcclymont sold 150,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.87, for a total value of $580,500.00.
• On Monday, September 8th, Donald Mcclymont sold 41,986 shares of indie Semiconductor stock. The shares were sold at an average price of $4.22, for a total value of $177,180.92.

indie Semiconductor Stock Performance

NASDAQ INDI traded down $0.19 on Friday, reaching $5.32. 4,689,255 shares of the company's stock traded hands, compared to its average volume of 4,116,885. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.72 and a current ratio of 4.34. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -6.33 and a beta of 2.33. The stock has a 50 day moving average price of $4.32 and a 200-day moving average price of $3.42.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.08). The company had revenue of $51.63 million during the quarter, compared to analysts' expectations of $51.40 million. indie Semiconductor had a negative net margin of 71.98% and a negative return on equity of 28.43%. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) earnings per share. indie Semiconductor has set its Q3 2025 guidance at EPS. Equities research analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INDI. Bamco Inc. NY lifted its position in shares of indie Semiconductor by 23.5% in the 2nd quarter. Bamco Inc. NY now owns 25,294,776 shares of the company's stock worth $90,049,000 after buying an additional 4,813,397 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in indie Semiconductor by 29.9% in the second quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company's stock worth $63,940,000 after acquiring an additional 4,139,349 shares during the last quarter. Millennium Management LLC boosted its stake in indie Semiconductor by 456.6% in the first 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. Primecap Management Co. CA grew its holdings in shares of indie Semiconductor by 8.9% during the first quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company's stock valued at $58,249,000 after purchasing an additional 2,335,620 shares during the last quarter. Finally, Fred Alger Management LLC bought a new stake in shares of indie Semiconductor in the 1st quarter worth approximately $2,527,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on INDI shares. Benchmark restated a "buy" rating and set a $8.00 target price (up from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Weiss Ratings reissued a "sell (d-)" rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Wall Street Zen upgraded indie Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $8.00 target price on shares of indie Semiconductor in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.25.

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.

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