Michael Wittmann Sells 18,375 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 18,375 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $4.10, for a total transaction of $75,337.50. Following the sale, the chief operating officer now owns 28,860 shares in the company, valued at approximately $118,326. This trade represents a 38.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock traded up $0.18 on Thursday, reaching $4.42. 2,391,815 shares of the stock were exchanged, compared to its average volume of 3,258,838. The company has a quick ratio of 1.87, a current ratio of 2.39 and a debt-to-equity ratio of 0.32. indie Semiconductor, Inc. has a twelve month low of $3.16 and a twelve month high of $8.62. The business has a 50 day moving average price of $4.21 and a two-hundred day moving average price of $4.73. The firm has a market capitalization of $892.47 million, a price-to-earnings ratio of -6.60 and a beta of 1.37.

Analyst Ratings Changes

A number of research analysts have weighed in on INDI shares. Roth Mkm reduced their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Benchmark decreased their price target on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $8.92.

Institutional Investors Weigh In On indie Semiconductor

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in indie Semiconductor by 24.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 643,273 shares of the company’s stock worth $3,969,000 after buying an additional 125,158 shares during the last quarter. Rhumbline Advisers lifted its position in shares of indie Semiconductor by 25.2% during the 2nd quarter. Rhumbline Advisers now owns 242,841 shares of the company’s stock valued at $1,498,000 after acquiring an additional 48,876 shares during the last quarter. Wealth Effects LLC lifted its holdings in shares of indie Semiconductor by 2.8% in the second quarter. Wealth Effects LLC now owns 170,700 shares of the company’s stock valued at $1,053,000 after purchasing an additional 4,600 shares in the last quarter. Arizona State Retirement System lifted its stake in indie Semiconductor by 16.1% in the second quarter. Arizona State Retirement System now owns 43,756 shares of the company’s stock valued at $270,000 after acquiring an additional 6,075 shares during the last quarter. Finally, General American Investors Co. Inc. lifted its position in indie Semiconductor by 32.3% during the 2nd quarter. General American Investors Co. Inc. now owns 919,465 shares of the company’s stock worth $5,673,000 after acquiring an additional 224,570 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

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.