Thomas Schiller Sells 50,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock
indie Semiconductor, Inc. (NASDAQ:INDI – Get Rating) CFO Thomas Schiller sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $7.84, for a total value of $392,000.00. Following the sale, the chief financial officer now owns 1,503,779 shares in the company, valued at approximately $11,789,627.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Thomas Schiller also recently made the following trade(s):
- On Friday, August 12th, Thomas Schiller sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $7.97, for a total value of $398,500.00.
- On Tuesday, July 19th, Thomas Schiller sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $6.22, for a total value of $311,000.00.
indie Semiconductor Stock Down 1.7 %
NASDAQ:INDI traded down $0.13 during mid-day trading on Friday, hitting $7.67. The company had a trading volume of 723,483 shares, compared to its average volume of 1,291,701. The business has a fifty day simple moving average of $7.91 and a 200-day simple moving average of $7.19. The company has a current ratio of 3.95, a quick ratio of 3.70 and a debt-to-equity ratio of 0.02. indie Semiconductor, Inc. has a 1 year low of $5.07 and a 1 year high of $16.33. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -7.15 and a beta of 0.68.
indie Semiconductor (NASDAQ:INDI – Get Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. indie Semiconductor had a negative return on equity of 23.08% and a negative net margin of 124.21%. The company had revenue of $25.76 million for the quarter, compared to analyst estimates of $25.71 million. Equities analysts forecast that indie Semiconductor, Inc. will post -0.57 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in INDI. Kennedy Capital Management Inc. raised its position in indie Semiconductor by 39.4% in the fourth quarter. Kennedy Capital Management Inc. now owns 310,544 shares of the company’s stock valued at $3,723,000 after purchasing an additional 87,845 shares during the period. Scholtz & Company LLC increased its position in shares of indie Semiconductor by 132.8% during the fourth quarter. Scholtz & Company LLC now owns 59,015 shares of the company’s stock worth $708,000 after acquiring an additional 33,665 shares during the last quarter. P.A.W. Capital Corp increased its position in shares of indie Semiconductor by 50.0% during the first quarter. P.A.W. Capital Corp now owns 600,000 shares of the company’s stock worth $4,686,000 after acquiring an additional 200,000 shares during the last quarter. Seaview Investment Managers LLC purchased a new stake in shares of indie Semiconductor during the first quarter worth about $301,000. Finally, Elemental Capital Partners LLC purchased a new stake in shares of indie Semiconductor during the first quarter worth about $5,688,000. 34.35% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. B. Riley lowered indie Semiconductor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $9.00 to $8.00 in a research report on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft cut their target price on indie Semiconductor from $11.00 to $10.00 in a research report on Wednesday, July 20th. Finally, TheStreet lowered indie Semiconductor from a “c-” rating to a “d+” rating in a research report on Thursday, September 29th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, indie Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $13.25.
About indie Semiconductor
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.
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