In a report released today, John Vinh from KeyBanc maintained a Buy rating on indie Semiconductor (INDI – Research Report). The company’s shares closed yesterday at $6.89.
Vinh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Micron, and Microchip. According to TipRanks, Vinh has an average return of 20.8% and a 64.39% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for indie Semiconductor with a $16.00 average price target.
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The company has a one-year high of $11.12 and a one-year low of $4.67. Currently, indie Semiconductor has an average volume of 2.16M.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INDI in relation to earlier this year.
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indie Semiconductor (INDI) Company Description:
Serving the automotive sector, indie Semiconductor develops cutting-edge semiconductors and software platforms.
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