Ichiro Aoki Sells 20,100 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDIGet Free Report) President Ichiro Aoki sold 20,100 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $5.26, for a total transaction of $105,726.00. Following the transaction, the president owned 106,169 shares of the company’s stock, valued at approximately $558,448.94. The trade was a 15.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Friday, May 22nd, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.02, for a total transaction of $251,000.00.
  • On Monday, May 11th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.78, for a total transaction of $239,000.00.
  • On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.40, for a total transaction of $440,000.00.
  • On Monday, April 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.04, for a total transaction of $202,000.00.
  • On Thursday, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $153,990.00.
  • On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.76, for a total transaction of $188,000.00.
  • On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.50, for a total transaction of $22,750.00.
  • On Monday, April 6th, Ichiro Aoki sold 3,506 shares of indie Semiconductor stock. The shares were sold at an average price of $2.99, for a total transaction of $10,482.94.
  • On Thursday, March 26th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.28, for a total transaction of $328,000.00.
  • On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.17, for a total transaction of $158,500.00.

indie Semiconductor Stock Performance

NASDAQ INDI traded up $0.09 during trading hours on Wednesday, hitting $5.16. The company had a trading volume of 6,872,440 shares, compared to its average volume of 5,812,652. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.39 and a current ratio of 4.11. indie Semiconductor, Inc. has a 1-year low of $2.32 and a 1-year high of $6.05. The company has a market cap of $1.17 billion, a PE ratio of -6.79 and a beta of 2.74. The business has a 50 day moving average of $3.61 and a 200-day moving average of $3.71.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. Finally, UBS Group upped their target price on shares of indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, indie Semiconductor currently has an average rating of “Hold” and a consensus price target of $6.92.

View Our Latest Report on INDI

Institutional Investors Weigh In On indie Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of indie Semiconductor by 9.6% in the third quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company’s stock valued at $62,203,000 after buying an additional 1,334,145 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new stake in shares of indie Semiconductor in the third quarter valued at about $3,931,000. Handelsbanken Fonder AB raised its holdings in shares of indie Semiconductor by 1,938.0% in the third quarter. Handelsbanken Fonder AB now owns 1,579,686 shares of the company’s stock valued at $6,429,000 after buying an additional 1,502,175 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in indie Semiconductor during the third quarter worth about $22,385,000. Finally, Elemental Capital Partners LLC raised its holdings in indie Semiconductor by 3.8% during the fourth quarter. Elemental Capital Partners LLC now owns 7,902,713 shares of the company’s stock worth $27,897,000 after purchasing an additional 291,111 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

indie Semiconductor Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for indie Semiconductor (NASDAQ:INDI)

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