Key Points
- CEO Donald McClymont sold 82,957 shares at an average price of $3.67 for roughly $304,452, reducing his stake by about 30.82% to 186,202 shares, according to an SEC filing.
- Multiple other senior executives also sold (CFO, COO and President), creating a cluster of insider reductions that can be viewed negatively by investors.
- The company reported a quarterly loss (EPS of -$0.07) and slight revenue miss, and while analyst ratings are mixed the consensus is a “Moderate Buy” with an average price target of $6.60.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 7,188 shares of the company's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $3.67, for a total value of $26,379.96. Following the completion of the sale, the president directly owned 94,725 shares of the company's stock, valued at approximately $347,640.75. This represents a 7.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ichiro Aoki also recently made the following trade(s):
- On Tuesday, December 2nd, Ichiro Aoki sold 1,166 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total transaction of $4,127.64.
- On Wednesday, November 19th, Ichiro Aoki sold 25,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.44, for a total transaction of $86,000.00.
- On Monday, November 17th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.66, for a total transaction of $274,500.00.
- On Thursday, November 13th, Ichiro Aoki sold 250,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.92, for a total transaction of $980,000.00.
- On Friday, November 14th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.91, for a total value of $293,250.00.
indie Semiconductor Stock Up 9.3%
Shares of indie Semiconductor stock opened at $4.00 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.18 and a current ratio of 3.75. indie Semiconductor, Inc. has a 52-week low of $1.53 and a 52-week high of $6.05. The stock has a market capitalization of $878.52 million, a price-to-earnings ratio of -5.33 and a beta of 2.54. The company's 50 day moving average price is $4.04 and its 200-day moving average price is $4.20.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The firm had revenue of $53.68 million for the quarter, compared to the consensus estimate of $53.98 million. indie Semiconductor had a negative net margin of 66.84% and a negative return on equity of 28.84%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) earnings per share. Equities research analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on INDI. Wall Street Zen lowered indie Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, December 13th. Weiss Ratings restated a "sell (d-)" rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Roth Capital reaffirmed a "buy" rating and issued a $8.00 target price on shares of indie Semiconductor in a research report on Wednesday, October 15th. Finally, UBS Group lifted their target price on shares of indie Semiconductor from $4.50 to $5.00 and gave the company a "hold" rating in a research note on Monday, November 10th. Five 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $6.60.
Check Out Our Latest Stock Report on indie Semiconductor
More indie Semiconductor News
Here are the key news stories impacting indie Semiconductor this week:
- Neutral Sentiment: Seeking Alpha: balanced view — The article says INDI has a $7.4 billion strategic backlog and long-term exposure to attractive markets (auto tech, robotics, quantum computing) but warns revenue momentum is weak, conversion of backlog to sales is slow and 2027 revenue targets were cut, underscoring execution risk. Indie Semiconductor: Loaded For The Next Wave
- Negative Sentiment: CEO Donald McClymont sold 82,957 shares at ~$3.67 (proceeds ~$304,452); his ownership fell ~30.8% to 186,202 shares — a large insider reduction that markets often view as a negative signal on near-term outlook or insider confidence. SEC Filing - McClymont
- Negative Sentiment: CFO Naixi Wu sold 12,448 shares at ~$3.67 (proceeds ~$45,684); position decreased ~13.9% — another senior officer sale that can pressure sentiment. SEC Filing - Naixi Wu
- Negative Sentiment: COO Michael Wittmann sold 15,313 shares at ~$3.67 (proceeds ~$56,199); ownership down ~12.1% — adds to the cluster of insider reductions. SEC Filing - Wittmann
- Negative Sentiment: President Ichiro Aoki sold 7,188 shares at ~$3.67 (proceeds ~$26,380); ownership fell ~7.1% — completes a set of sales from top executives on the same date. SEC Filing - Aoki
Hedge Funds Weigh In On indie Semiconductor
Several institutional investors and hedge funds have recently added to or reduced their stakes in INDI. Nisa Investment Advisors LLC boosted its holdings in shares of indie Semiconductor by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company's stock valued at $34,000 after buying an additional 7,536 shares in the last quarter. Ethic Inc. bought a new position in shares of indie Semiconductor in the 2nd quarter worth about $36,000. HBK Sorce Advisory LLC purchased a new position in indie Semiconductor during the 3rd quarter valued at about $41,000. Evergreen Capital Management LLC bought a new stake in indie Semiconductor during the second quarter worth about $37,000. Finally, Jump Financial LLC bought a new stake in indie Semiconductor during the second quarter worth about $39,000. Hedge funds and other institutional investors own 67.73% of the company's stock.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
