indie Semiconductor Target of Unusually Large Options Trading (NASDAQ:INDI)

indie Semiconductor, Inc. (NASDAQ:INDI) was the target of some unusual options trading activity on Monday. Investors purchased 1,914 call options on the stock. This represents an increase of approximately 122% compared to the average volume of 864 call options.

indie Semiconductor Price Performance

Shares of INDI opened at $5.08 on Tuesday. indie Semiconductor has a fifty-two week low of $3.16 and a fifty-two week high of $8.69. The firm’s 50 day moving average price is $3.71 and its 200 day moving average price is $5.14. The company has a market cap of $1.00 billion, a P/E ratio of -7.58 and a beta of 1.22. The company has a quick ratio of 2.20, a current ratio of 2.66 and a debt-to-equity ratio of 0.31.

Analyst Upgrades and Downgrades

INDI has been the topic of several recent analyst reports. Roth Mkm decreased their target price on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. Benchmark reduced their price target on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $9.79.

Insider Activity

In related news, CFO Thomas Schiller sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $3.83, for a total transaction of $287,250.00. Following the transaction, the chief financial officer now directly owns 977,192 shares in the company, valued at approximately $3,742,645.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On indie Semiconductor

Several large investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC increased its stake in indie Semiconductor by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 27,071 shares of the company’s stock worth $192,000 after buying an additional 2,131 shares during the period. GAMMA Investing LLC increased its stake in indie Semiconductor by 1,743.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after buying an additional 3,906 shares during the period. Wealth Effects LLC increased its stake in indie Semiconductor by 2.8% during the 2nd quarter. Wealth Effects LLC now owns 170,700 shares of the company’s stock worth $1,053,000 after buying an additional 4,600 shares during the period. Register Financial Advisors LLC increased its stake in 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 during the period. Finally, Tempus Wealth Planning LLC grew its holdings in indie Semiconductor by 30.6% during the 2nd quarter. Tempus Wealth Planning LLC now owns 22,353 shares of the company’s stock worth $138,000 after acquiring an additional 5,238 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.