indie Semiconductor, Inc. (NASDAQ:INDI) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 18.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,720 shares of the company’s stock after selling 5,200 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in indie Semiconductor were worth $91,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in INDI. GAMMA Investing LLC increased its stake in shares of indie Semiconductor by 1,743.8% during the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock valued at $25,000 after acquiring an additional 3,906 shares during the period. Xponance Inc. bought a new stake in indie Semiconductor during the second quarter worth approximately $63,000. Creative Planning bought a new stake in indie Semiconductor during the third quarter worth approximately $75,000. Legato Capital Management LLC bought a new stake in indie Semiconductor during the second quarter worth approximately $76,000. Finally, SlateStone Wealth LLC bought a new stake in indie Semiconductor during the second quarter worth approximately $82,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total value of $942,000.00. Following the completion of the sale, the chief executive officer now owns 18,351 shares in the company, valued at $86,433.21. This represents a 91.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas Schiller sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $3.83, for a total transaction of $287,250.00. Following the completion of the sale, the chief financial officer now owns 977,192 shares of the company’s stock, valued at approximately $3,742,645.36. The trade was a 7.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 278,531 shares of company stock valued at $1,242,915. Company insiders own 8.20% of the company’s stock.

indie Semiconductor Trading Up 7.1 %

indie Semiconductor stock opened at $4.98 on Friday. The company has a 50 day moving average price of $3.89 and a 200 day moving average price of $5.06. indie Semiconductor, Inc. has a 52 week low of $3.16 and a 52 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 firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -7.43 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INDI. Benchmark reduced their target price on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of indie Semiconductor from $9.00 to $7.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Roth Mkm reduced their target price on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $9.79.

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.