indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) President Ichiro Aoki sold 250,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $3.92, for a total transaction of $980,000.00. Following the completion of the transaction, the president owned 82,634 shares in the company, valued at approximately $323,925.28. This trade represents a 75.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Ichiro Aoki also recently made the following trade(s):
- On Friday, November 14th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.91, for a total transaction of $293,250.00.
- On Monday, September 8th, Ichiro Aoki sold 8,877 shares of indie Semiconductor stock. The stock was sold at an average price of $4.22, for a total transaction of $37,460.94.
- On Tuesday, September 2nd, Ichiro Aoki sold 4,770 shares of indie Semiconductor stock. The stock was sold at an average price of $4.25, for a total transaction of $20,272.50.
indie Semiconductor Stock Performance
NASDAQ INDI traded down $0.23 on Monday, reaching $3.62. 4,558,714 shares of the company’s stock traded hands, compared to its average volume of 4,187,764. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.05. 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 cap of $795.07 million, a price-to-earnings ratio of -4.83 and a beta of 2.38. The stock has a 50 day moving average price of $4.57 and a 200-day moving average price of $3.91.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of INDI. Nisa Investment Advisors LLC grew its position in shares of indie Semiconductor by 356.3% in the second quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock valued at $34,000 after purchasing an additional 7,536 shares in the last quarter. National Bank of Canada FI lifted its position in indie Semiconductor by 32.7% during the first quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock worth $36,000 after buying an additional 4,400 shares in the last quarter. Ethic Inc. acquired a new position in indie Semiconductor during the second quarter worth $36,000. Evergreen Capital Management LLC purchased a new stake in indie Semiconductor in the 2nd quarter valued at $37,000. Finally, Hsbc Holdings PLC grew its holdings in indie Semiconductor by 36.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,486 shares of the company’s stock valued at $39,000 after buying an additional 5,213 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
INDI has been the subject of several research analyst reports. Roth Capital restated a “buy” rating and set a $8.00 price target on shares of indie Semiconductor in a research report on Wednesday, October 15th. Wall Street Zen lowered indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. UBS Group increased their target price on indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Five 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.60.
Get Our Latest Stock Report on indie Semiconductor
About indie Semiconductor
indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.
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