indie Semiconductor (NASDAQ:INDI) President Sells $251,000.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $5.02, for a total transaction of $251,000.00. Following the completion of the transaction, the president directly owned 106,169 shares in the company, valued at $532,968.38. This trade represents a 32.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, May 27th, Ichiro Aoki sold 175,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.06, for a total transaction of $885,500.00.
• On Thursday, May 28th, Ichiro Aoki sold 454,900 shares of indie Semiconductor stock. The stock was sold at an average price of $5.28, for a total transaction of $2,401,872.00.
• On Friday, May 29th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.05, for a total transaction of $505,000.00.
• On Tuesday, May 26th, Ichiro Aoki sold 20,100 shares of indie Semiconductor stock. The stock was sold at an average price of $5.26, for a total transaction of $105,726.00.
• On Monday, May 11th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.78, for a total transaction of $239,000.00.
• On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.40, for a total transaction of $440,000.00.
• On Monday, April 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.04, for a total transaction of $202,000.00.
• On Thursday, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total transaction of $153,990.00.
• On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.76, for a total transaction of $188,000.00.
• On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The stock was sold at an average price of $3.50, for a total transaction of $22,750.00.

indie Semiconductor Price Performance

INDI stock opened at $4.99 on Friday. indie Semiconductor, Inc. has a one year low of $2.32 and a one year high of $6.05. The company’s fifty day moving average price is $3.72 and its 200-day moving average price is $3.73. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.39 and a current ratio of 4.11. The company has a market capitalization of $1.13 billion, a PE ratio of -6.57 and a beta of 2.74.

indie Semiconductor (NASDAQ:INDI) last released its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $55.46 million for the quarter, compared to the consensus estimate of $55.09 million. indie Semiconductor had a negative net margin of 69.76% and a negative return on equity of 29.85%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. On average, equities analysts anticipate that indie Semiconductor, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On indie Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Evergreen Capital Management LLC purchased a new stake in shares of indie Semiconductor in the second quarter valued at $37,000. Principal Financial Group Inc. purchased a new stake in shares of indie Semiconductor in the first quarter valued at $35,000. Caitong International Asset Management Co. Ltd raised its stake in shares of indie Semiconductor by 45,829.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock valued at $39,000 after acquiring an additional 10,999 shares during the period. Jump Financial LLC purchased a new stake in shares of indie Semiconductor in the second quarter valued at $39,000. Finally, Gainplan LLC purchased a new stake in shares of indie Semiconductor in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

INDI has been the topic of a number of recent research reports. Wall Street Zen raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Tuesday, April 21st. Finally, UBS Group upped their price target on shares of indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.92.

indie Semiconductor News Summary

Here are the key news stories impacting indie Semiconductor this week:

• Neutral Sentiment: indie Semiconductor announced new employee inducement grants, a routine equity compensation move that may help attract and retain talent. Article Title
• Neutral Sentiment: The company’s latest earnings were roughly in line with expectations, with modest revenue growth, but profitability remains negative and analysts expect another loss for the year.
• Negative Sentiment: President Ichiro Aoki disclosed several large stock sales in quick succession, including a 454,900-share sale, which has likely pressured shares as investors view the activity as a bearish insider signal. Article Title

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.