indie Semiconductor, Inc. (NASDAQ:INDI – Get Rating) CEO Donald Mcclymont sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $6.53, for a total transaction of $326,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,298 shares in the company, valued at approximately $28,065.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Donald Mcclymont also recently made the following trade(s):
Get indie Semiconductor alerts:- On Tuesday, November 1st, Donald Mcclymont sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $7.75, for a total transaction of $387,500.00.
indie Semiconductor Stock Performance
Shares of indie Semiconductor stock traded up $0.21 during midday trading on Thursday, hitting $6.97. The company had a trading volume of 910,553 shares, compared to its average volume of 942,082. The business's 50 day simple moving average is $7.12 and its two-hundred day simple moving average is $7.27. The stock has a market cap of $1.02 billion, a PE ratio of -12.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.51 and a quick ratio of 3.30. indie Semiconductor, Inc. has a 1-year low of $5.07 and a 1-year high of $10.75.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its stake in indie Semiconductor by 384.8% during the third quarter. UBS Group AG now owns 3,849 shares of the company's stock worth $29,000 after acquiring an additional 3,055 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in indie Semiconductor during the third quarter worth $30,000. National Bank of Canada FI acquired a new position in indie Semiconductor during the second quarter worth $52,000. LPL Financial LLC acquired a new position in indie Semiconductor during the second quarter worth $58,000. Finally, Teacher Retirement System of Texas acquired a new position in indie Semiconductor during the second quarter worth $58,000. 45.44% of the stock is currently owned by institutional investors and hedge funds.Analysts Set New Price Targets
INDI has been the topic of a number of recent analyst reports. TheStreet lowered shares of indie Semiconductor from a "c-" rating to a "d" rating in a research report on Monday, December 19th. Craig Hallum dropped their price target on shares of indie Semiconductor to $14.00 in a research report on Wednesday, November 16th.
indie Semiconductor Company Profile
(Get Rating)
indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications. It offers devices for a multitude of automotive applications spanning ultrasound for parking assistance, in cabin wireless charging, infotainment and LED lighting for enhancing the user experience, and telematics and cloud access for connectivity; and photonic components on various technology platforms, including fiber bragg gratings, low noise lasers, athermal and tunable packaging, photonic integration, and low noise and high-speed electronics for the laser systems, optical sensing, and optical communication markets.
Further Reading
- Get a free copy of the StockNews.com research report on indie Semiconductor (INDI)
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