indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) President Ichiro Aoki sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $3.44, for a total transaction of $86,000.00. Following the completion of the sale, the president owned 82,634 shares in the company, valued at approximately $284,260.96. This trade represents a 23.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ichiro Aoki also recently made the following trade(s):
- On Monday, November 17th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.66, for a total value of $274,500.00.
- On Thursday, November 13th, Ichiro Aoki sold 250,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.92, for a total transaction of $980,000.00.
- 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 shares were sold at an average price of $4.25, for a total value of $20,272.50.
indie Semiconductor Trading Down 0.3%
Shares of NASDAQ INDI traded down $0.01 during mid-day trading on Wednesday, reaching $3.43. The company had a trading volume of 2,458,000 shares, compared to its average volume of 4,181,488. The business’s 50-day moving average is $4.54 and its 200-day moving average is $3.93. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86. The stock has a market cap of $753.33 million, a price-to-earnings ratio of -4.57 and a beta of 2.38. indie Semiconductor, Inc. has a 52 week low of $1.53 and a 52 week high of $6.05.
Wall Street Analysts Forecast Growth
INDI has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. UBS Group raised their price target on shares of indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a report on Monday, November 10th. Roth Capital reiterated a “buy” rating and set a $8.00 price objective on shares of indie Semiconductor in a research note on Wednesday, October 15th. Finally, Wall Street Zen cut shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.60.
Check Out Our Latest Research Report on indie Semiconductor
Hedge Funds Weigh In On indie Semiconductor
Institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas purchased a new position in indie Semiconductor in the first quarter valued at $53,000. Bank of New York Mellon Corp grew its position in shares of indie Semiconductor by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 498,931 shares of the company’s stock valued at $1,015,000 after acquiring an additional 5,322 shares during the period. Royce & Associates LP increased its stake in shares of indie Semiconductor by 92.7% in the 1st quarter. Royce & Associates LP now owns 1,185,020 shares of the company’s stock valued at $2,412,000 after purchasing an additional 570,020 shares in the last quarter. SlateStone Wealth LLC increased its stake in shares of indie Semiconductor by 27.1% in the 1st quarter. SlateStone Wealth LLC now owns 22,100 shares of the company’s stock valued at $45,000 after purchasing an additional 4,706 shares in the last quarter. Finally, Malaga Cove Capital LLC acquired a new position in indie Semiconductor in the 1st quarter worth about $820,000. 67.73% of the stock is owned by hedge funds and other institutional investors.
indie Semiconductor Company Profile
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.
Recommended Stories
- Five stocks we like better than indie Semiconductor
- The 3 Best Blue-Chip Stocks to Buy Now
- onsemi Places a $6 Billion Bet on Its Own Stock
- The How And Why of Investing in Oil Stocks
- HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?
- There Are Different Types of Stock To Invest In
- End the Year Strong With These 3 Comeback Champions
Receive News & Ratings for indie Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for indie Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.
