indie Semiconductor (NASDAQ:INDI) CEO Sells $174,572.16 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald McClymont sold 46,928 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $3.72, for a total value of $174,572.16. Following the completion of the sale, the chief executive officer owned 468,441 shares in the company, valued at approximately $1,742,600.52. The trade was a 9.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donald Mcclymont also recently made the following trade(s):

• On Wednesday, September 2nd, Donald McClymont sold 13,384 shares of indie Semiconductor stock. The shares were sold at an average price of $3.53, for a total transaction of $47,245.52.
• On Thursday, July 2nd, Donald McClymont sold 126,496 shares of indie Semiconductor stock. The stock was sold at an average price of $4.45, for a total transaction of $562,907.20.
• On Monday, June 15th, Donald McClymont sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.19, for a total transaction of $209,500.00.

indie Semiconductor Trading Down 2.8%

Shares of INDI opened at $3.47 on Friday. The firm has a market capitalization of $804.38 million, a price-to-earnings ratio of -4.75 and a beta of 2.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.65 and a quick ratio of 2.86. indie Semiconductor, Inc. has a 1-year low of $2.32 and a 1-year high of $6.05. The company has a 50-day moving average of $3.90 and a 200 day moving average of $3.74.

indie Semiconductor (NASDAQ:INDI) last issued its earnings results on Thursday, August 6th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $64.01 million for the quarter, compared to the consensus estimate of $62.49 million. indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 32.02%. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. On average, research analysts expect that indie Semiconductor, Inc. will post -0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on INDI shares. Roth Capital set a $5.00 target price on indie Semiconductor in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Friday, July 17th. Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. TD Cowen upped their price objective on shares of indie Semiconductor from $4.00 to $4.50 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, UBS Group increased their target price on shares of indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.75.

indie Semiconductor News Summary

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

• Positive Sentiment: Institutional ownership remains substantial at approximately 67.7%. California State Teachers’ Retirement System significantly increased its position during the second quarter, while several other investment firms initiated or expanded holdings, signaling continued institutional interest in indie’s automotive semiconductor business.
• Positive Sentiment: Analysts’ average price target is $4.75, above the recent trading range. TD Cowen, Roth Capital and UBS have set targets between $4.50 and $5.00, though ratings are generally Hold or Neutral rather than outright Buy.
• Positive Sentiment: The company’s latest quarterly revenue increased 24% year over year to $64.01 million, exceeding estimates of $62.49 million. Its quarterly loss of $0.05 per share matched consensus and improved from a $0.08 loss in the prior-year period.
• Neutral Sentiment: indie Semiconductor develops chips for electric vehicles, advanced driver-assistance systems, infotainment and digital instrument clusters. The long-term automotive technology opportunity remains attractive, but the company continues to report substantial losses, with analysts forecasting a full-year loss of approximately $0.53 per share.
• Negative Sentiment: Several senior executives sold shares in transactions dated September 1–2. CEO Donald McClymont sold 13,384 shares for about $47,246, CFO Naixi Wu sold a combined 27,171 shares for roughly $96,305, and COO Michael Wittmann sold 40,625 shares for approximately $145,844. These sales reduced their respective holdings by about 2.7%, 16.0% combined for the CFO’s reported transactions, and 26.0%.
• Negative Sentiment: Insider Thomas Schiller also sold 3,138 shares for approximately $11,673. The concentration of selling among multiple insiders can weigh on investor confidence, particularly while INDI remains unprofitable and trades below its 50-day moving average.

Institutional Trading of indie Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. increased its holdings in shares of indie Semiconductor by 7,163.7% in the 1st quarter. Optiver Holding B.V. now owns 8,208 shares of the company’s stock valued at $26,000 after acquiring an additional 8,095 shares during the period. Evergreen Capital Management LLC purchased a new stake in shares of indie Semiconductor during the 2nd quarter worth $37,000. Principal Financial Group Inc. bought a new stake in indie Semiconductor during the first quarter valued at about $35,000. Caitong International Asset Management Co. Ltd boosted its position in indie Semiconductor by 45,829.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock valued at $39,000 after purchasing an additional 10,999 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in indie Semiconductor in the second quarter valued at about $39,000. Institutional investors own 67.73% of the company’s stock.

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.