indie Semiconductor (NASDAQ:INDI) President Sells $239,000.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $4.78, for a total value of $239,000.00. Following the sale, the president directly owned 106,169 shares in the company, valued at $507,487.82. This trade represents a 32.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value 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 value 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 value 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 value 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 value of $22,750.00.
• On Monday, April 6th, Ichiro Aoki sold 3,506 shares of indie Semiconductor stock. The stock was sold at an average price of $2.99, for a total value of $10,482.94.
• On Thursday, March 26th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.28, for a total value of $328,000.00.
• On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.17, for a total value of $158,500.00.
• On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.83, for a total value of $141,500.00.
• On Thursday, March 19th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.57, for a total value of $128,500.00.

indie Semiconductor Price Performance

Shares of NASDAQ INDI opened at $4.19 on Friday. The firm has a market capitalization of $937.14 million, a P/E ratio of -5.51 and a beta of 2.74. The company has a quick ratio of 3.10, a current ratio of 4.11 and a debt-to-equity ratio of 1.15. The stock’s 50-day simple moving average is $3.31 and its two-hundred day simple moving average is $3.77. indie Semiconductor, Inc. has a twelve month low of $2.29 and a twelve month high of $6.05.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INDI shares. Wall Street Zen raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday. 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.92.

Hedge Funds Weigh In On indie Semiconductor

A number of large investors have recently modified their holdings of the company. Granahan Investment Management LLC raised its holdings in shares of indie Semiconductor by 17.8% during the 1st quarter. Granahan Investment Management LLC now owns 20,283,839 shares of the company’s stock valued at $65,314,000 after buying an additional 3,067,255 shares in the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of indie Semiconductor by 10.7% during the 1st quarter. Mizuho Markets Americas LLC now owns 784,675 shares of the company’s stock valued at $2,527,000 after buying an additional 75,550 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of indie Semiconductor by 81.5% during the 1st quarter. First Trust Advisors LP now owns 339,424 shares of the company’s stock valued at $1,093,000 after buying an additional 152,463 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of indie Semiconductor by 37.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,199 shares of the company’s stock valued at $91,000 after buying an additional 7,724 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of indie Semiconductor by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,873,776 shares of the company’s stock valued at $6,033,000 after buying an additional 308,620 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.