Key Points
- CFO Naixi Wu sold 6,000 shares on March 13 at $2.51 for $15,060, reducing her stake to 71,188 shares (a 7.77% ownership decrease), and this trade is part of a recent string of insider sales totaling 42,495 shares (~$147,711) since December.
- indie Semiconductor trades around $2.62 with a 52‑week range of $1.53–$6.05 and a market cap of about $575M, reporting negative recent EPS and a negative P/E; analysts have an average rating of Moderate Buy with a consensus price target of $6.45.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CFO Naixi Wu sold 6,000 shares of the company's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $2.51, for a total value of $15,060.00. Following the completion of the transaction, the chief financial officer directly owned 71,188 shares in the company, valued at approximately $178,681.88. The trade was a 7.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Naixi Wu also recently made the following trade(s):
- On Wednesday, March 4th, Naixi Wu sold 531 shares of indie Semiconductor stock. The stock was sold at an average price of $2.53, for a total value of $1,343.43.
- On Monday, March 2nd, Naixi Wu sold 17,162 shares of indie Semiconductor stock. The shares were sold at an average price of $3.56, for a total value of $61,096.72.
- On Monday, January 5th, Naixi Wu sold 12,448 shares of indie Semiconductor stock. The shares were sold at an average price of $3.67, for a total value of $45,684.16.
- On Monday, December 22nd, Naixi Wu sold 6,354 shares of indie Semiconductor stock. The stock was sold at an average price of $3.86, for a total value of $24,526.44.
indie Semiconductor Trading Up 1.6%
indie Semiconductor stock opened at $2.62 on Wednesday. The company has a quick ratio of 3.10, a current ratio of 3.73 and a debt-to-equity ratio of 0.88. indie Semiconductor, Inc. has a 52 week low of $1.53 and a 52 week high of $6.05. The company has a market capitalization of $575.43 million, a price-to-earnings ratio of -3.59 and a beta of 2.55. The stock has a 50-day moving average price of $3.66 and a 200 day moving average price of $4.04.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. The company had revenue of $58.01 million for the quarter, compared to the consensus estimate of $57.11 million. During the same quarter in the prior year, the company earned ($0.07) EPS. indie Semiconductor's quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current year.
Institutional Trading of indie Semiconductor
A number of hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its position in indie Semiconductor by 9.0% during the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company's stock valued at $142,000 after buying an additional 3,300 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of indie Semiconductor by 9.3% during the 2nd 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 in the last quarter. Envestnet Asset Management Inc. grew its position in shares of indie Semiconductor by 32.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company's stock valued at $66,000 after acquiring an additional 3,921 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of indie Semiconductor by 27.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company's stock valued at $71,000 after purchasing an additional 4,207 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in indie Semiconductor by 20.5% in the 4th quarter. Cetera Investment Advisers now owns 25,683 shares of the company's stock worth $91,000 after purchasing an additional 4,365 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
INDI has been the topic of several recent research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of indie Semiconductor in a report on Thursday, January 22nd. Wall Street Zen downgraded indie Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, December 13th. Finally, UBS Group set a $4.25 target price on indie Semiconductor in a report on Sunday, February 22nd. Five 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.45.
Read Our Latest Stock Analysis on indie Semiconductor
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.
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