Ichiro Aoki Sells 50,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of indie Semiconductor stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $5.02, for a total value of $251,000.00. Following the completion of the sale, the president owned 106,169 shares of the company’s stock, valued at $532,968.38. This trade represents a 32.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, May 26th, Ichiro Aoki sold 20,100 shares of indie Semiconductor stock. The shares were sold at an average price of $5.26, for a total value of $105,726.00.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 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.

indie Semiconductor Stock Up 3.5%

Shares of NASDAQ:INDI opened at $5.34 on Friday. 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 stock has a market capitalization of $1.21 billion, a P/E ratio of -7.03 and a beta of 2.74. The stock has a 50-day simple moving average of $3.67 and a 200-day simple moving average of $3.72.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) 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 firm had revenue of $55.46 million for the quarter, compared to analyst estimates of $55.09 million. During the same quarter last year, the firm posted ($0.08) earnings per share. indie Semiconductor’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts forecast that indie Semiconductor, Inc. will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On indie Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in indie Semiconductor by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company’s stock worth $62,203,000 after acquiring an additional 1,334,145 shares during the period. ArrowMark Colorado Holdings LLC acquired a new position in shares of indie Semiconductor in the 3rd quarter valued at approximately $3,931,000. Handelsbanken Fonder AB raised its position in shares of indie Semiconductor by 1,938.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,579,686 shares of the company’s stock valued at $6,429,000 after purchasing an additional 1,502,175 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of indie Semiconductor in the 3rd quarter valued at approximately $22,385,000. Finally, Elemental Capital Partners LLC raised its position in shares of indie Semiconductor by 3.8% in the 4th quarter. Elemental Capital Partners LLC now owns 7,902,713 shares of the company’s stock valued at $27,897,000 after purchasing an additional 291,111 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on INDI shares. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. UBS Group raised their price target 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. Finally, Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.92.

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.