Thomas Schiller Sells 60,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Thomas Schiller sold 60,000 shares of indie Semiconductor stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total value of $340,800.00. Following the completion of the transaction, the chief financial officer now owns 1,039,583 shares in the company, valued at approximately $5,904,831.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

indie Semiconductor Stock Performance

NASDAQ:INDI opened at $6.01 on Wednesday. The stock has a market cap of $1.10 billion, a P/E ratio of -7.07 and a beta of 1.21. 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 $6.29 and its 200-day moving average is $6.68. indie Semiconductor, Inc. has a 1-year low of $4.67 and a 1-year high of $10.85.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.04. The company had revenue of $70.13 million for the quarter, compared to analysts’ expectations of $72.69 million. indie Semiconductor had a negative return on equity of 15.84% and a negative net margin of 52.46%. Equities research analysts anticipate that indie Semiconductor, Inc. will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On indie Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its stake in shares of indie Semiconductor by 269.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock worth $50,000 after acquiring an additional 4,470 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in indie Semiconductor by 40.8% in the fourth 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 period. Financial Management Professionals Inc. acquired a new position in indie Semiconductor in the first quarter valued at approximately $53,000. Psagot Value Holdings Ltd. Israel lifted its stake in indie Semiconductor by 24.2% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock valued at $69,000 after buying an additional 1,610 shares during the period. Finally, Quent Capital LLC lifted its stake in indie Semiconductor by 66.7% in the first quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $71,000 after buying an additional 4,000 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INDI has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Craig Hallum decreased 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. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, indie Semiconductor has an average rating of “Buy” and an average price target of $13.50.

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.