Brokerages Set indie Semiconductor, Inc. (NASDAQ:INDI) PT at $9.79

indie Semiconductor, Inc. (NASDAQ:INDI) has earned a consensus rating of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.92.

INDI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Benchmark decreased their price target on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Roth Mkm cut their price objective on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

indie Semiconductor Trading Up 1.0 %

Shares of INDI stock opened at $5.28 on Thursday. indie Semiconductor has a fifty-two week low of $3.16 and a fifty-two week high of $8.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. The stock has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $5.03. The company has a market cap of $1.07 billion, a P/E ratio of -7.87 and a beta of 1.22.

Insider Transactions at indie Semiconductor

In other news, CEO Donald Mcclymont sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $4.71, for a total value of $942,000.00. Following the transaction, the chief executive officer now owns 18,351 shares in the company, valued at $86,433.21. This trade represents a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of indie Semiconductor by 1,743.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after acquiring an additional 3,906 shares in the last quarter. Wealth Effects LLC increased its stake in indie Semiconductor by 2.8% in the 2nd quarter. Wealth Effects LLC now owns 170,700 shares of the company’s stock valued at $1,053,000 after buying an additional 4,600 shares during the last quarter. Register Financial Advisors LLC lifted its position in shares of indie Semiconductor by 3.7% during the 2nd quarter. Register Financial Advisors LLC now owns 138,440 shares of the company’s stock worth $854,000 after buying an additional 5,000 shares in the last quarter. Tempus Wealth Planning LLC boosted its stake in shares of indie Semiconductor by 30.6% in the 2nd quarter. Tempus Wealth Planning LLC now owns 22,353 shares of the company’s stock worth $138,000 after buying an additional 5,238 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of indie Semiconductor by 14.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock valued at $306,000 after acquiring an additional 5,394 shares in the last quarter. 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.