Key Points
- CFO Naixi Wu sold 6,354 shares on December 22 at an average price of $3.86 for $24,526, leaving her with 67,542 shares — an 8.60% reduction in her ownership.
- Wu has executed multiple recent sales (10,386 on Dec 11, 10,000 on Dec 10, 7,096 on Nov 21 and 5,261 on Nov 11), indicating a pattern of ongoing insider selling.
- indie Semiconductor reported a quarterly EPS miss (‑$0.07 vs. ‑$0.06 expected), has negative profitability metrics, a market cap of about $812.6M, and a consensus analyst rating of "Moderate Buy" with an average price target of $6.60.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CFO Naixi Wu sold 6,354 shares of the company's stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $3.86, for a total value of $24,526.44. Following the completion of the transaction, the chief financial officer directly owned 67,542 shares in the company, valued at $260,712.12. This trade represents a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Wednesday, December 10th, Naixi Wu sold 10,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.53, for a total value of $45,300.00.
- On Friday, November 21st, Naixi Wu sold 7,096 shares of indie Semiconductor stock. The stock was sold at an average price of $3.30, for a total value of $23,416.80.
- On Tuesday, November 11th, Naixi Wu sold 5,261 shares of indie Semiconductor stock. The shares were sold at an average price of $4.18, for a total transaction of $21,990.98.
indie Semiconductor Stock Performance
Shares of INDI stock opened at $3.70 on Wednesday. The company has a quick ratio of 3.18, a current ratio of 3.75 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average price of $4.42 and a 200-day moving average price of $4.17. indie Semiconductor, Inc. has a 52 week low of $1.53 and a 52 week high of $6.05. The firm has a market capitalization of $812.63 million, a PE ratio of -4.93 and a beta of 2.59.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $53.68 million during the quarter, compared to analysts' expectations 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 for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) EPS. As a group, equities research analysts expect that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.
Hedge Funds Weigh In On indie Semiconductor
Large investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new stake in shares of indie Semiconductor in the third quarter worth $22,385,000. CIBC Bancorp USA Inc. bought a new position in indie Semiconductor in the 3rd quarter worth $84,000. Worth Venture Partners LLC purchased a new stake in indie Semiconductor in the 3rd quarter worth $305,000. XTX Topco Ltd raised its holdings in indie Semiconductor by 2.5% during the third quarter. XTX Topco Ltd now owns 219,802 shares of the company's stock valued at $895,000 after acquiring an additional 5,377 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of indie Semiconductor in the third quarter valued at about $96,000. Hedge funds and other institutional investors own 67.73% of the company's stock.
Wall Street Analysts Forecast Growth
INDI has been the topic of a number of recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Roth Capital reissued a "buy" rating and issued a $8.00 price objective on shares of indie Semiconductor in a report on Wednesday, October 15th. Wall Street Zen lowered shares of indie Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, December 13th. Finally, UBS Group lifted their price target 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. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, indie Semiconductor presently has a consensus rating of "Moderate Buy" and an average price target of $6.60.
View Our Latest Report on indie Semiconductor
About indie Semiconductor
(
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.
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