Key Points
- On March 2, CEO Donald Mcclymont sold 90,644 shares of indie Semiconductor at an average price of $3.56 for $322,692.64, leaving him with 282,393 shares — a 24.30% reduction in his position.
- This follows multiple recent insider sales by Mcclymont (100,000 on Dec 15 at $4.09; 82,957 on Jan 5 at $3.67; 13,065 on Dec 2 at $3.54), signaling sustained executive selling.
- indie reported an EPS loss of $0.07 with revenue of $58.01M (in line with estimates); the stock trades near $3.40 vs. a consensus average target of $6.45, while analysts remain mixed (consensus "Moderate Buy" but some "sell" ratings).
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 4,573 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $3.56, for a total value of $16,279.88. Following the completion of the transaction, the president owned 100,952 shares of the company's stock, valued at $359,389.12. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Ichiro Aoki also recently made the following trade(s):
- On Monday, January 5th, Ichiro Aoki sold 7,188 shares of indie Semiconductor stock. The stock was sold at an average price of $3.67, for a total value of $26,379.96.
- On Tuesday, December 2nd, Ichiro Aoki sold 1,166 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $4,127.64.
indie Semiconductor Trading Down 7.1%
Shares of INDI stock opened at $3.40 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.75 and a quick ratio of 3.18. The firm has a market cap of $746.75 million, a P/E ratio of -4.66 and a beta of 2.53. indie Semiconductor, Inc. has a 1-year low of $1.53 and a 1-year high of $6.05. The firm's 50-day simple moving average is $3.89 and its 200-day simple moving average is $4.19.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 28.81%. The company had revenue of $58.01 million during the quarter, compared to analysts' expectations of $57.11 million. During the same period in the previous year, the company earned ($0.07) EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. As a group, equities analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on INDI shares. Wall Street Zen downgraded shares of indie Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, December 13th. UBS Group set a $4.25 price target on indie Semiconductor in a report on Sunday, February 22nd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of indie Semiconductor in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.45.
Get Our Latest Report on INDI
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC lifted its holdings in indie Semiconductor by 9.0% in the 2nd quarter. ProShare Advisors LLC now owns 39,775 shares of the company's stock worth $142,000 after buying an additional 3,300 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of indie Semiconductor by 9.3% during the second quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company's stock worth $162,000 after acquiring an additional 3,898 shares during the last quarter. CWM LLC increased its position in shares of indie Semiconductor by 34.7% during the second quarter. CWM LLC now owns 15,215 shares of the company's stock worth $54,000 after acquiring an additional 3,916 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of indie Semiconductor by 32.1% in the third quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company's stock worth $66,000 after acquiring an additional 3,921 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of indie Semiconductor by 27.0% in the second quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company's stock worth $71,000 after acquiring an additional 4,207 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
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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