indie Semiconductor (NASDAQ:INDI) Shares Up 4.8%

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) shares shot up 4.8% during trading on Wednesday . The company traded as high as $5.57 and last traded at $5.46. 976,906 shares traded hands during trading, a decline of 63% from the average session volume of 2,649,077 shares. The stock had previously closed at $5.21.

Wall Street Analyst Weigh In

A number of research firms have commented on INDI. Craig Hallum lowered their target price on shares of indie Semiconductor from $12.00 to $10.00 and set a "buy" rating for the company in a report on Friday, February 23rd. KeyCorp decreased their price target on shares of indie Semiconductor from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, February 23rd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $13.50.

indie Semiconductor Stock Performance

The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -6.52 and a beta of 1.15. The company has a current ratio of 1.96, a quick ratio of 1.72 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average is $6.48 and its two-hundred day moving average is $6.65.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. The firm had revenue of $70.13 million during the quarter, compared to analyst estimates of $72.69 million. indie Semiconductor had a negative net margin of 52.46% and a negative return on equity of 15.84%. Analysts expect that indie Semiconductor, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $6.25, for a total transaction of $312,500.00. Following the sale, the chief executive officer now directly owns 76,750 shares of the company's stock, valued at approximately $479,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other indie Semiconductor news, COO Michael Wittmann sold 8,700 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.95, for a total transaction of $60,465.00. Following the sale, the chief operating officer now directly owns 35,460 shares of the company's stock, valued at approximately $246,447. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Donald Mcclymont sold 50,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $6.25, for a total transaction of $312,500.00. Following the sale, the chief executive officer now directly owns 76,750 shares in the company, valued at $479,687.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,323 shares of company stock valued at $740,444. Company insiders own 9.90% of the company's stock.

Institutional Investors Weigh In On indie Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its holdings in shares of indie Semiconductor by 269.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company's stock valued at $50,000 after purchasing an additional 4,470 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of indie Semiconductor by 40.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company's stock valued at $56,000 after purchasing an additional 2,000 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of indie Semiconductor in the 1st quarter valued at about $53,000. Psagot Value Holdings Ltd. Israel raised its holdings in shares of indie Semiconductor by 24.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company's stock valued at $69,000 after purchasing an additional 1,610 shares during the period. Finally, Olympiad Research LP bought a new stake in shares of indie Semiconductor in the 4th quarter valued at about $82,000. 67.73% of the stock is owned by institutional investors.

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.