Ichiro Aoki Sells 4,573 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 4,573 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $3.56, for a total value of $16,279.88. Following the completion of the transaction, the president directly owned 100,952 shares of the company’s stock, valued at approximately $359,389.12. The trade was a 4.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ichiro Aoki also recently made the following trade(s):

• On Monday, January 5th, Ichiro Aoki sold 7,188 shares of indie Semiconductor stock. The shares were sold at an average price of $3.67, for a total transaction of $26,379.96.
• On Tuesday, December 2nd, Ichiro Aoki sold 1,166 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $4,127.64.

indie Semiconductor Price Performance

Shares of NASDAQ:INDI traded down $0.26 during trading on Monday, reaching $3.40. The company had a trading volume of 2,830,657 shares, compared to its average volume of 3,474,238. The firm’s fifty day moving average is $3.89 and its 200 day moving average is $4.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.18 and a current ratio of 3.75. The firm has a market capitalization of $746.74 million, a PE ratio of -4.66 and a beta of 2.55. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $6.05.

indie Semiconductor (NASDAQ:INDI) last announced its earnings results on Thursday, February 19th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $57.11 million. indie Semiconductor had a negative return on equity of 28.81% and a negative net margin of 66.23%.The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share. On average, equities analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Hedge Funds Weigh In On indie Semiconductor

A number of institutional investors have recently bought and sold shares of the stock. Elemental Capital Partners LLC purchased a new stake in indie Semiconductor during the third quarter valued at about $30,979,000. Tudor Investment Corp ET AL acquired a new stake in shares of indie Semiconductor during the third quarter valued at approximately $22,385,000. Bamco Inc. NY raised its holdings in shares of indie Semiconductor by 23.5% during the second quarter. Bamco Inc. NY now owns 25,294,776 shares of the company’s stock valued at $90,049,000 after acquiring an additional 4,813,397 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of indie Semiconductor by 29.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company’s stock valued at $63,940,000 after acquiring an additional 4,139,349 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in indie Semiconductor by 456.6% in the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock worth $7,535,000 after purchasing an additional 3,037,435 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on INDI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Thursday, January 22nd. UBS Group set a $4.25 price objective on shares of indie Semiconductor in a research report on Sunday, February 22nd. Finally, Wall Street Zen cut shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.45.

indie Semiconductor Company Profile

indie Semiconductor, Inc is a fabless semiconductor company headquartered in San Jose, California, that specializes in advanced chip solutions for the automotive industry. The company designs and develops microcontrollers, sensor processing units, application processors and power management integrated circuits tailored for electric vehicles (EVs), advanced driver assistance systems (ADAS), infotainment and digital clusters. indie’s product portfolio aims to deliver high performance, energy efficiency and functional safety to meet stringent automotive requirements.

Originally formed as Integrated Memory Systems in 2021 through a business combination with a special purpose acquisition company, the firm rebranded to indie Semiconductor in early 2022.