indie Semiconductor, Inc. (NASDAQ:INDI) Given Average Rating of “Moderate Buy” by Analysts

indie Semiconductor, Inc. (NASDAQ:INDI) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.29.

Several research analysts recently commented on the company. Roth Mkm reduced their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, November 8th. UBS Group initiated coverage on indie Semiconductor in a report on Friday, January 24th. They issued a “neutral” rating and a $4.50 price objective for the company. Finally, Benchmark lowered their price target on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Insider Activity

In other indie Semiconductor news, CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00. Following the transaction, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at approximately $79,092.81. The trade was a 73.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael Wittmann sold 18,375 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $4.10, for a total value of $75,337.50. Following the completion of the sale, the chief operating officer now directly owns 28,860 shares of the company’s stock, valued at approximately $118,326. The trade was a 38.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,593 shares of company stock valued at $330,291. 8.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On indie Semiconductor

Several institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in indie Semiconductor by 11.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,769 shares of the company’s stock valued at $387,000 after purchasing an additional 6,608 shares during the last quarter. Creative Planning purchased a new stake in indie Semiconductor in the 3rd quarter valued at $75,000. Tempus Wealth Planning LLC lifted its stake in indie Semiconductor by 61.6% during the 3rd quarter. Tempus Wealth Planning LLC now owns 36,121 shares of the company’s stock valued at $144,000 after acquiring an additional 13,768 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of indie Semiconductor by 290.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,195,910 shares of the company’s stock worth $12,752,000 after acquiring an additional 2,377,612 shares in the last quarter. Finally, General American Investors Co. Inc. raised its holdings in shares of indie Semiconductor by 46.5% in the third quarter. General American Investors Co. Inc. now owns 1,347,393 shares of the company’s stock valued at $5,376,000 after purchasing an additional 427,928 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

indie Semiconductor Price Performance

Shares of INDI opened at $3.97 on Tuesday. The stock has a market capitalization of $801.62 million, a P/E ratio of -5.93 and a beta of 1.41. indie Semiconductor has a twelve month low of $3.16 and a twelve month high of $7.82. The company has a 50 day moving average of $4.23 and a 200-day moving average of $4.18. 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 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.