indie Semiconductor (NASDAQ:INDI) Given “Buy” Rating at Roth Mkm

indie Semiconductor (NASDAQ:INDI)‘s stock had its “buy” rating reissued by investment analysts at Roth Mkm in a research report issued on Tuesday, Benzinga reports. They currently have a $15.00 price objective on the stock. Roth Mkm’s price target points to a potential upside of 131.12% from the stock’s previous close.

A number of other research analysts also recently issued reports on INDI. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of indie Semiconductor from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, August 11th. Craig Hallum reduced their price target on shares of indie Semiconductor from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, August 11th. Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of indie Semiconductor in a report on Tuesday. Finally, B. Riley cut their price objective on indie Semiconductor from $16.00 to $15.50 and set a “buy” rating on the stock in a research report on Friday, August 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $13.92.

indie Semiconductor Trading Up 0.3 %

Shares of NASDAQ:INDI traded up $0.02 during midday trading on Tuesday, hitting $6.49. 254,783 shares of the stock traded hands, compared to its average volume of 2,077,648. The company has a quick ratio of 2.29, a current ratio of 2.68 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $7.82 and its two-hundred day moving average is $8.84. The stock has a market capitalization of $1.07 billion, a PE ratio of -5.86 and a beta of 0.86. indie Semiconductor has a one year low of $5.66 and a one year high of $11.12.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $52.11 million for the quarter, compared to the consensus estimate of $51.98 million. indie Semiconductor had a negative net margin of 91.08% and a negative return on equity of 17.49%. As a group, research analysts forecast that indie Semiconductor will post -0.61 earnings per share for the current year.

Insider Buying and Selling

In other indie Semiconductor news, CFO Thomas Schiller sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $8.77, for a total value of $350,800.00. Following the sale, the chief financial officer now directly owns 1,151,280 shares of the company’s stock, valued at $10,096,725.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Sonalee Elizabeth Parekh sold 10,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $6.50, for a total transaction of $69,550.00. Following the completion of the sale, the director now owns 50,522 shares of the company’s stock, valued at $328,393. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas Schiller sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $8.77, for a total value of $350,800.00. Following the completion of the transaction, the chief financial officer now directly owns 1,151,280 shares in the company, valued at $10,096,725.60. The disclosure for this sale can be found here. Insiders have sold 80,700 shares of company stock valued at $701,450 over the last quarter. Corporate insiders own 9.90% of the company’s stock.

Institutional Trading of indie Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of INDI. Point72 Middle East FZE bought a new position in shares of indie Semiconductor during the fourth quarter valued at $28,000. UBS Group AG lifted its stake in indie Semiconductor by 384.8% during the 3rd quarter. UBS Group AG now owns 3,849 shares of the company’s stock valued at $29,000 after acquiring an additional 3,055 shares during the period. US Bancorp DE boosted its holdings in shares of indie Semiconductor by 3,932.6% during the 1st quarter. US Bancorp DE now owns 3,589 shares of the company’s stock valued at $38,000 after acquiring an additional 3,500 shares during the last quarter. Quent Capital LLC bought a new stake in shares of indie Semiconductor in the second quarter worth approximately $56,000. Finally, LPL Financial LLC purchased a new position in shares of indie Semiconductor during the second quarter valued at approximately $58,000. Institutional investors own 62.23% of the company’s stock.

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, rest of Asia Pacific, and Europe.