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ubs initiates coverage of indie semiconductor with neutral rating and price target

UBS Group has initiated coverage of indie Semiconductor (NASDAQ: INDI) with a "neutral" rating and a $4.50 price target, indicating a potential upside of 3.21%. Other analysts have varied opinions, with Roth Mkm setting a target of $5.00 and Benchmark at $9.00, while the stock currently holds a consensus rating of "Moderate Buy" with an average target price of $8.29. Recently, COO Michael Wittmann and CEO Donald McClymont sold significant shares, reflecting insider activity amidst a backdrop of institutional investment growth, with 67.73% of the stock owned by institutional investors.
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