indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann Sells 1,622 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 1,622 shares of indie Semiconductor stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $6.20, for a total transaction of $10,056.40. Following the transaction, the chief operating officer now directly owns 37,860 shares in the company, valued at $234,732. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Wittmann also recently made the following trade(s):

• On Tuesday, May 21st, Michael Wittmann sold 1,561 shares of indie Semiconductor stock. The shares were sold at an average price of $6.30, for a total transaction of $9,834.30.
• On Monday, April 22nd, Michael Wittmann sold 1,832 shares of indie Semiconductor stock. The shares were sold at an average price of $5.19, for a total transaction of $9,508.08.

indie Semiconductor Stock Down 4.7 %

NASDAQ:INDI opened at $6.08 on Tuesday. indie Semiconductor, Inc. has a 12 month low of $4.67 and a 12 month high of $9.85. The firm has a fifty day simple moving average of $6.32 and a 200-day simple moving average of $6.78. The company has a current ratio of 1.74, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.13). indie Semiconductor had a negative return on equity of 21.08% and a negative net margin of 32.12%. The company had revenue of $52.35 million for the quarter, compared to analyst estimates of $56.30 million. As a group, research analysts expect that indie Semiconductor, Inc. will post -0.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. KeyCorp lowered their target price on shares of indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. B. Riley restated a “buy” rating and issued a $13.50 target price (down from $14.50) on shares of indie Semiconductor in a research note on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of indie Semiconductor from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, indie Semiconductor presently has a consensus rating of “Buy” and a consensus price target of $12.64.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank lifted its position in indie Semiconductor by 23,949.9% during the first quarter. Comerica Bank now owns 314,813 shares of the company’s stock valued at $2,229,000 after purchasing an additional 313,504 shares during the period. Bamco Inc. NY lifted its position in indie Semiconductor by 28.0% during the first quarter. Bamco Inc. NY now owns 14,285,896 shares of the company’s stock valued at $101,144,000 after purchasing an additional 3,121,255 shares during the period. Price T Rowe Associates Inc. MD lifted its position in indie Semiconductor by 14.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock valued at $306,000 after purchasing an additional 5,394 shares during the period. Truvestments Capital LLC lifted its position in indie Semiconductor by 5,199.9% during the first quarter. Truvestments Capital LLC now owns 42,399 shares of the company’s stock valued at $300,000 after purchasing an additional 41,599 shares during the period. Finally, Clearbridge Investments LLC lifted its position in indie Semiconductor by 2.3% during the first quarter. Clearbridge Investments LLC now owns 1,649,907 shares of the company’s stock valued at $11,681,000 after purchasing an additional 37,236 shares during the period. 67.73% of the stock is currently 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.