indie Semiconductor, Inc. (NASDAQ:INDI) Receives $13.50 Consensus PT from Analysts

indie Semiconductor, Inc. (NASDAQ:INDI) has earned an average rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.50.

INDI has been the topic of a number of research reports. KeyCorp dropped their price target on shares of indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Craig Hallum dropped their target price on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd.

indie Semiconductor Stock Down 3.2 %

NASDAQ:INDI opened at $5.36 on Wednesday. The business’s fifty day moving average price is $6.60 and its 200 day moving average price is $6.65. The firm has a market capitalization of $982.06 million, a price-to-earnings ratio of -6.31 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. indie Semiconductor has a 1-year low of $4.67 and a 1-year high of $10.85.

indie Semiconductor (NASDAQ:INDI) last issued its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $70.13 million for the quarter, compared to the consensus estimate of $72.69 million. indie Semiconductor had a negative return on equity of 15.84% and a negative net margin of 52.46%. On average, sell-side analysts forecast that indie Semiconductor will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other indie Semiconductor news, COO Michael Wittmann sold 8,700 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $6.95, for a total transaction of $60,465.00. Following the transaction, the chief operating officer now directly owns 35,460 shares of the company’s stock, valued at $246,447. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, President Ichiro Aoki sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $6.77, for a total value of $338,500.00. Following the transaction, the president now owns 31,208 shares of the company’s stock, valued at $211,278.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Michael Wittmann sold 8,700 shares of the business’s 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 completion of the sale, the chief operating officer now owns 35,460 shares of the company’s stock, valued at $246,447. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,491 shares of company stock worth $730,936. Corporate insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Point72 Middle East FZE acquired a new stake in shares of indie Semiconductor in the fourth quarter valued at about $28,000. UBS Group AG lifted its position in shares of indie Semiconductor by 384.8% during the 3rd quarter. UBS Group AG now owns 3,849 shares of the company’s stock worth $29,000 after purchasing an additional 3,055 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in indie Semiconductor by 269.3% during 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. Financial Management Professionals Inc. acquired a new stake in indie Semiconductor in the 1st quarter valued at approximately $53,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in 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 buying an additional 2,000 shares during the last quarter. 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.