indie Semiconductor (NASDAQ:INDI) Now Covered by UBS Group

Stock analysts at UBS Group assumed coverage on shares of indie Semiconductor (NASDAQ:INDI) in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $4.50 price target on the stock. UBS Group’s price objective points to a potential upside of 3.21% from the stock’s current price.

Several other research firms also recently weighed in on INDI. Roth Mkm dropped their target price 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 decreased their price objective on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.29.

indie Semiconductor Price Performance

NASDAQ INDI opened at $4.36 on Friday. indie Semiconductor has a 1 year low of $3.16 and a 1 year high of $7.82. The business’s fifty day moving average is $4.40 and its two-hundred day moving average is $4.41. The stock has a market capitalization of $880.37 million, a P/E ratio of -6.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39.

indie Semiconductor (NASDAQ:INDI) last announced its earnings results on Thursday, November 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The company had revenue of $53.97 million for the quarter, compared to analysts’ expectations of $53.65 million. indie Semiconductor had a negative net margin of 49.88% and a negative return on equity of 24.04%. During the same period in the prior year, the company earned ($0.17) earnings per share. On average, research analysts forecast that indie Semiconductor will post -0.74 earnings per share for the current fiscal year.

Insider Activity at indie Semiconductor

In other news, COO Michael Wittmann sold 18,375 shares of indie Semiconductor stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $4.10, for a total transaction of $75,337.50. Following the completion of the sale, the chief operating officer now directly owns 28,860 shares in the company, valued at $118,326. The trade was a 38.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $4.31, for a total value of $215,500.00. Following the completion of the sale, the chief executive officer now directly owns 18,351 shares of the company’s stock, valued at approximately $79,092.81. The trade was a 73.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 276,593 shares of company stock valued at $1,272,291. Corporate insiders own 8.20% of the company’s stock.

Institutional Trading of indie Semiconductor

Institutional investors have recently added to or reduced their stakes in the business. Register Financial Advisors LLC raised its holdings in shares of indie Semiconductor by 60.4% during the 4th quarter. Register Financial Advisors LLC now owns 337,028 shares of the company’s stock valued at $1,365,000 after purchasing an additional 126,888 shares in the last quarter. Artemis Investment Management LLP increased its position in indie Semiconductor by 482.7% during the fourth quarter. Artemis Investment Management LLP now owns 6,539,694 shares of the company’s stock worth $26,486,000 after buying an additional 5,417,296 shares during the last quarter. FNY Investment Advisers LLC bought a new position in indie Semiconductor during the fourth quarter valued at about $74,000. Moody National Bank Trust Division lifted its position in shares of indie Semiconductor by 2.3% in the fourth quarter. Moody National Bank Trust Division now owns 650,810 shares of the company’s stock worth $2,636,000 after buying an additional 14,500 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of indie Semiconductor by 4.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,333,220 shares of the company’s stock worth $13,500,000 after acquiring an additional 137,310 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.