indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann Sells 1,729 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 1,729 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $6.13, for a total transaction of $10,598.77. Following the completion of the sale, the chief operating officer now directly owns 44,110 shares in the company, valued at $270,394.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, June 21st, Michael Wittmann sold 1,622 shares of indie Semiconductor stock. The shares were sold at an average price of $6.20, for a total value of $10,056.40.
• On Tuesday, May 21st, Michael Wittmann sold 1,561 shares of indie Semiconductor stock. The stock was sold at an average price of $6.30, for a total value 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 Price Performance

Shares of INDI opened at $6.12 on Friday. The company has a 50 day moving average of $6.43 and a two-hundred day moving average of $6.70. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -12.49 and a beta of 1.22. The company has a quick ratio of 1.49, a current ratio of 1.74 and a debt-to-equity ratio of 0.34. indie Semiconductor, Inc. has a twelve month low of $4.67 and a twelve month high of $9.85.

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

Analyst Upgrades and Downgrades

Several research firms have commented on INDI. Deutsche Bank Aktiengesellschaft reduced their price objective on indie Semiconductor from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, May 10th. KeyCorp cut their price target on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Finally, B. Riley reiterated a “buy” rating and set a $13.50 price objective (down from $14.50) on shares of indie Semiconductor in a research note on Friday, May 10th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $12.64.

Institutional Trading of indie Semiconductor

Several large investors have recently bought and sold shares of INDI. Deutsche Bank AG grew its holdings in shares of indie Semiconductor by 13.0% during the third quarter. Deutsche Bank AG now owns 73,542 shares of the company’s stock valued at $463,000 after buying an additional 8,432 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of indie Semiconductor by 20.8% in the third quarter. PNC Financial Services Group Inc. now owns 15,537 shares of the company’s stock worth $98,000 after purchasing an additional 2,680 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of indie Semiconductor by 39.2% during the third quarter. Kennedy Capital Management LLC now owns 677,529 shares of the company’s stock worth $4,268,000 after purchasing an additional 190,780 shares during the period. Worth Venture Partners LLC increased its holdings in indie Semiconductor by 4.1% in the 3rd quarter. Worth Venture Partners LLC now owns 534,753 shares of the company’s stock worth $3,369,000 after buying an additional 20,918 shares during the period. Finally, Spouting Rock Asset Management LLC purchased a new stake in shares of indie Semiconductor in the 3rd quarter valued at $89,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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.