Donald Mcclymont Sells 13,384 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald McClymont sold 13,384 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $3.53, for a total transaction of $47,245.52. Following the transaction, the chief executive officer directly owned 481,026 shares of the company’s stock, valued at $1,698,021.78. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, August 31st, Donald McClymont sold 46,928 shares of indie Semiconductor stock. The shares were sold at an average price of $3.72, for a total transaction of $174,572.16.
• 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 Stock Up 3.7%

indie Semiconductor stock opened at $3.60 on Friday. The company has a market cap of $834.52 million, a P/E ratio of -4.93 and a beta of 2.78. indie Semiconductor, Inc. has a 1-year low of $2.32 and a 1-year high of $6.05. The company has a fifty day simple moving average of $3.90 and a 200 day simple moving average of $3.74. The company has a current ratio of 3.65, a quick ratio of 2.86 and a debt-to-equity ratio of 1.25.

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

More indie Semiconductor News

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

• Positive Sentiment: indie Semiconductor announced equity awards for newly hired employees under its 2023 Inducement Incentive Plan. The grants may signal continued investment in talent and product development for its automotive semiconductor business, including advanced driver-assistance systems and electric vehicles. indie Announces New Employee Inducement Grants
• Neutral Sentiment: Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $4.75. Recent quarterly revenue growth and a narrower year-over-year loss are constructive, but analysts still expect a full-year loss of approximately $0.53 per share.
• Negative Sentiment: Several senior executives sold shares, potentially weighing on investor sentiment. CEO Donald McClymont sold 13,384 shares, while COO Michael Wittmann sold 40,625 shares—reducing his direct ownership by 25.95%. indie Semiconductor insider trading activity
• Negative Sentiment: CFO Naixi Wu sold 27,171 shares across September 1–2, including 6,000 shares at an average price of $3.56 and 21,171 shares at $3.54. The transactions reduced her reported holdings and add to concerns about concentrated insider selling. SEC insider ownership filing
• Negative Sentiment: The employee inducement awards could increase share-based compensation and future dilution. Combined with continued losses, a negative net margin and substantial insider selling, the grants may limit the positive impact of the company’s revenue growth.

Analysts Set New Price Targets

INDI has been the subject of several recent research reports. TD Cowen increased their price target on indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Roth Capital set a $5.00 price objective on indie Semiconductor in a research note on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a report on Friday, July 17th. Finally, UBS Group raised their target price 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. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.75.

Institutional Investors Weigh In On indie Semiconductor

Several hedge funds have recently bought and sold shares of INDI. Optiver Holding B.V. increased its position in indie Semiconductor by 7,163.7% during the first quarter. Optiver Holding B.V. now owns 8,208 shares of the company’s stock worth $26,000 after buying an additional 8,095 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of indie Semiconductor in the first quarter valued at approximately $35,000. Evergreen Capital Management LLC acquired a new stake in shares of indie Semiconductor in the second quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of indie Semiconductor by 45,829.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock worth $39,000 after acquiring an additional 10,999 shares during the period. Finally, Jump Financial LLC bought a new position in shares of indie Semiconductor during the 2nd quarter worth approximately $39,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

About indie Semiconductor

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.