indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann Sells 3,125 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 3,125 shares of indie Semiconductor stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.17, for a total transaction of $13,031.25. Following the completion of the sale, the chief operating officer now owns 25,735 shares in the company, valued at approximately $107,314.95. This trade represents a 10.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, December 23rd, Michael Wittmann sold 18,375 shares of indie Semiconductor stock. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50.

indie Semiconductor Stock Up 1.5 %

NASDAQ:INDI opened at $4.66 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. The firm’s 50-day moving average price is $4.34 and its 200-day moving average price is $4.56. The company has a market capitalization of $940.93 million, a PE ratio of -6.96 and a beta of 1.41. indie Semiconductor, Inc. has a 1-year low of $3.16 and a 1-year high of $7.82.

Institutional Investors Weigh In On indie Semiconductor

Several hedge funds have recently bought and sold shares of the business. 272 Capital LP bought a new position in shares of indie Semiconductor during the third quarter valued at approximately $511,000. American Trust increased its position in indie Semiconductor by 28.2% during the 3rd quarter. American Trust now owns 28,976 shares of the company’s stock valued at $116,000 after buying an additional 6,375 shares in the last quarter. Virtu Financial LLC purchased a new position in indie Semiconductor during the third quarter valued at $58,000. Barclays PLC raised its stake in indie Semiconductor by 330.7% during the third quarter. Barclays PLC now owns 256,799 shares of the company’s stock valued at $1,026,000 after buying an additional 197,179 shares during the last quarter. Finally, Meros Investment Management LP boosted its holdings in indie Semiconductor by 5.4% in the third quarter. Meros Investment Management LP now owns 865,325 shares of the company’s stock worth $3,453,000 after acquiring an additional 44,096 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on INDI shares. Roth Mkm reduced their price target on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Benchmark reduced their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $8.92.

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.