Key Points
- CFO Naixi Wu sold 10,000 shares of indie Semiconductor on Dec. 10 at an average price of $4.53 (total $45,300), reducing her stake to 77,928 shares (an 11.37% decline); she also executed additional sales on Dec. 11 (10,386 shares), Nov. 21 (7,096) and Nov. 11 (5,261).
- indie Semiconductor stock opened at $4.29 (down ~4.2%), the company reported an EPS miss for the quarter (‑$0.07 vs. ‑$0.06 expected) with revenue slightly below estimates and negative margins, while analysts hold a consensus "Moderate Buy" with an average target of $6.60.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CFO Naixi Wu sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $4.53, for a total value of $45,300.00. Following the sale, the chief financial officer owned 77,928 shares of the company's stock, valued at approximately $353,013.84. This represents a 11.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Naixi Wu also recently made the following trade(s):
- On Thursday, December 11th, Naixi Wu sold 10,386 shares of indie Semiconductor stock. The stock was sold at an average price of $4.44, for a total value of $46,113.84.
- On Friday, November 21st, Naixi Wu sold 7,096 shares of indie Semiconductor stock. The shares were sold at an average price of $3.30, for a total transaction of $23,416.80.
- 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 Down 4.2%
indie Semiconductor stock opened at $4.29 on Friday. The firm has a market capitalization of $942.21 million, a price-to-earnings ratio of -5.72 and a beta of 2.59. The firm's fifty day moving average price is $4.53 and its two-hundred day moving average price is $4.09. indie Semiconductor, Inc. has a 1-year low of $1.53 and a 1-year high of $6.05. 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 (NASDAQ:INDI - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The business had revenue of $53.68 million during the quarter, compared to analyst estimates of $53.98 million. indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The company's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, equities research analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On indie Semiconductor
Several institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL bought a new stake in indie Semiconductor in the third quarter worth about $22,385,000. CIBC Bancorp USA Inc. purchased a new stake in shares of indie Semiconductor during the 3rd quarter worth approximately $84,000. Worth Venture Partners LLC bought a new stake in shares of indie Semiconductor in the 3rd quarter worth approximately $305,000. XTX Topco Ltd lifted its stake in indie Semiconductor by 2.5% in the third quarter. XTX Topco Ltd now owns 219,802 shares of the company's stock valued at $895,000 after purchasing an additional 5,377 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in indie Semiconductor during the third quarter valued at $96,000. Institutional investors own 67.73% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on INDI. Roth Capital reiterated a "buy" rating and set a $8.00 price target on shares of indie Semiconductor in a report on Wednesday, October 15th. Wall Street Zen downgraded shares of indie Semiconductor from a "hold" rating to a "sell" rating in a report on Saturday. UBS Group increased their target price 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. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $6.60.
Check Out Our Latest Research Report on INDI
indie Semiconductor Company Profile
(
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.
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