Donald Mcclymont Sells 3,081 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 3,081 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $5.50, for a total transaction of $16,945.50. Following the completion of the transaction, the chief executive officer now owns 18,351 shares in the company, valued at $100,930.50. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Donald Mcclymont also recently made the following trade(s):

• On Tuesday, November 12th, Donald Mcclymont sold 200,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00.

indie Semiconductor Price Performance

indie Semiconductor stock opened at $5.23 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 week high of $8.69. The stock has a market capitalization of $1.06 billion, a P/E ratio of -7.81 and a beta of 1.22. The stock has a fifty day moving average of $4.00 and a 200-day moving average of $5.05.

Analyst Ratings Changes

INDI has been the subject of a number of analyst reports. Benchmark dropped 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 report on Tuesday, November 5th. Roth Mkm dropped their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut 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 report on Friday, August 9th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, indie Semiconductor has a consensus rating of “Buy” and an average price target of $9.79.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of indie Semiconductor by 1,743.8% in the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after acquiring an additional 3,906 shares during the last quarter. Xponance Inc. acquired a new position in indie Semiconductor during the 2nd quarter worth approximately $63,000. Legato Capital Management LLC bought a new position in indie Semiconductor in the 2nd quarter valued at approximately $76,000. SlateStone Wealth LLC acquired a new stake in indie Semiconductor in the second quarter valued at approximately $82,000. Finally, Virtu Financial LLC bought a new stake in shares of indie Semiconductor during the third quarter worth $58,000. Institutional investors and hedge funds 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.