indie Semiconductor (NASDAQ:INDI) Sees Unusually-High Trading Volume

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 5,066,698 shares changed hands during trading, an increase of 98% from the previous session's volume of 2,557,116 shares.The stock last traded at $5.17 and had previously closed at $5.36.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on INDI shares. Craig Hallum cut their price target 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 cut 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $13.50.

indie Semiconductor Price Performance

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 company's fifty day moving average is $6.55 and its two-hundred day moving average is $6.66. The stock has a market cap of $936.25 million, a price-to-earnings ratio of -6.01 and a beta of 1.15.

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

Insider Buying and Selling at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $6.25, for a total value of $312,500.00. Following the completion of the transaction, the chief executive officer now owns 76,750 shares of the company's stock, valued at approximately $479,687.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $6.25, for a total transaction of $312,500.00. Following the completion of the sale, the chief executive officer now directly owns 76,750 shares of the company's stock, valued at approximately $479,687.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Wittmann sold 8,700 shares of indie Semiconductor stock in a transaction on Monday, March 11th. The stock was 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 $246,447. The disclosure for this sale can be found here. Insiders sold 111,491 shares of company stock valued at $730,936 in the last 90 days. Company insiders own 9.90% of the company's stock.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors have recently modified their holdings of the company. Granahan Investment Management LLC lifted its position in indie Semiconductor by 63.3% in the fourth quarter. Granahan Investment Management LLC now owns 13,194,588 shares of the company's stock valued at $107,008,000 after acquiring an additional 5,115,393 shares during the last quarter. Bamco Inc. NY lifted its position in indie Semiconductor by 88.9% in the third quarter. Bamco Inc. NY now owns 11,038,885 shares of the company's stock valued at $69,545,000 after acquiring an additional 5,193,775 shares during the last quarter. Vanguard Group Inc. increased its stake in indie Semiconductor by 9.2% in the third quarter. Vanguard Group Inc. now owns 9,028,012 shares of the company's stock valued at $56,876,000 after purchasing an additional 763,140 shares during the period. Primecap Management Co. CA increased its stake in indie Semiconductor by 20.7% in the fourth quarter. Primecap Management Co. CA now owns 5,060,480 shares of the company's stock valued at $41,040,000 after purchasing an additional 867,180 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in indie Semiconductor by 40.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,138,449 shares of the company's stock valued at $25,453,000 after purchasing an additional 902,530 shares during the period. 67.73% of the stock is owned by hedge funds and other 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.