Key Points
- CFO Naixi Wu sold 7,096 shares on Nov. 21 at an average price of $3.30 for $23,416.80, trimming her stake by 7.53% to 87,178 shares, according to an SEC filing.
- Wu also sold 5,261 shares on Nov. 11 at $4.18, indicating continued insider selling activity in November.
- Company fundamentals: indie posted Q3 EPS of -$0.07 (missing estimates), has negative margins and ROE, a market cap of about $747M, and a consensus analyst price target of $6.60 with an average "Moderate Buy" rating.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CFO Naixi Wu sold 7,096 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $3.30, for a total value of $23,416.80. Following the completion of the transaction, the chief financial officer owned 87,178 shares in the company, valued at $287,687.40. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Naixi Wu also recently made the following trade(s):
- On Tuesday, November 11th, Naixi Wu sold 5,261 shares of indie Semiconductor stock. The stock was sold at an average price of $4.18, for a total transaction of $21,990.98.
indie Semiconductor Stock Up 3.3%
indie Semiconductor stock opened at $3.40 on Tuesday. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86. indie Semiconductor, Inc. has a 1-year low of $1.53 and a 1-year high of $6.05. The firm's fifty day simple moving average is $4.50 and its 200-day simple moving average is $3.96. The company has a market capitalization of $746.74 million, a P/E ratio of -4.53 and a beta of 2.38.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The business had revenue of $53.68 million for the quarter, compared to analyst estimates of $53.98 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The company's quarterly revenue was down .6% compared to the same quarter last year. indie Semiconductor has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.
Analysts Set New Price Targets
INDI has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. UBS Group boosted their price objective on shares of indie Semiconductor from $4.50 to $5.00 and gave the stock a "hold" rating in a research note on Monday, November 10th. Roth Capital reaffirmed a "buy" rating and set a $8.00 price objective on shares of indie Semiconductor in a report on Wednesday, October 15th. Finally, Wall Street Zen downgraded shares of indie Semiconductor from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $6.60.
Get Our Latest Analysis on INDI
Institutional Investors Weigh In On indie Semiconductor
Hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new stake in indie Semiconductor during the third quarter worth about $84,000. Worth Venture Partners LLC acquired a new position in indie Semiconductor in the 3rd quarter valued at approximately $305,000. XTX Topco Ltd lifted its position in shares of indie Semiconductor by 2.5% in the 3rd quarter. XTX Topco Ltd now owns 219,802 shares of the company's stock worth $895,000 after acquiring an additional 5,377 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in shares of indie Semiconductor during the 3rd quarter worth approximately $96,000. Finally, Bank of America Corp DE increased its position in shares of indie Semiconductor by 42.2% during the third quarter. Bank of America Corp DE now owns 884,904 shares of the company's stock valued at $3,602,000 after purchasing an additional 262,744 shares during the period. Institutional investors own 67.73% of the company's stock.
About indie Semiconductor
(
Get Free Report)
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.
Further Reading
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