Key Points
- indie Semiconductor President Ichiro Aoki sold 50,000 shares on March 16 at an average price of $2.54 for a total of $127,000, cutting his ownership by 33.12% to 100,952 shares.
- The stock traded at $2.54 (down 1.7%); the company reported a quarterly EPS of ($0.07) with a fiscal-year EPS forecast of -0.54, has a market cap of about $556.8M, and carries a consensus analyst rating of Moderate Buy with an average price target of $6.45.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 50,000 shares of the firm's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $2.54, for a total value of $127,000.00. Following the transaction, the president owned 100,952 shares of the company's stock, valued at approximately $256,418.08. This represents a 33.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ichiro Aoki also recently made the following trade(s):
- On Monday, March 2nd, Ichiro Aoki sold 4,573 shares of indie Semiconductor stock. The shares were sold at an average price of $3.56, for a total value of $16,279.88.
- On Monday, January 5th, Ichiro Aoki sold 7,188 shares of indie Semiconductor stock. The shares were sold at an average price of $3.67, for a total value of $26,379.96.
indie Semiconductor Trading Down 1.7%
INDI traded down $0.05 during mid-day trading on Thursday, hitting $2.54. 139,466 shares of the stock were exchanged, compared to its average volume of 4,445,729. The firm's fifty day moving average is $3.63 and its two-hundred day moving average is $4.03. indie Semiconductor, Inc. has a 1-year low of $1.53 and a 1-year high of $6.05. The company has a market cap of $556.76 million, a PE ratio of -3.47 and a beta of 2.55. The company has a current ratio of 3.73, a quick ratio of 3.10 and a debt-to-equity ratio of 0.88.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $58.01 million during the quarter, compared to the consensus estimate of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.indie Semiconductor's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. Equities analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of indie Semiconductor from a "hold" rating to a "sell" rating in a report on Saturday, December 13th. UBS Group set a $4.25 price objective on indie Semiconductor in a research report on Sunday, February 22nd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of indie Semiconductor in a research note on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, indie Semiconductor has a consensus rating of "Moderate Buy" and an average price target of $6.45.
Read Our Latest Analysis on INDI
Institutional Trading of indie Semiconductor
Several hedge funds have recently added to or reduced their stakes in the company. Elemental Capital Partners LLC acquired a new position in indie Semiconductor during the 3rd quarter worth approximately $30,979,000. Vanguard Group Inc. raised its holdings in shares of indie Semiconductor by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company's stock valued at $62,203,000 after purchasing an additional 1,334,145 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of indie Semiconductor in the 2nd quarter valued at $276,000. Caxton Associates LLP purchased a new stake in shares of indie Semiconductor during the 2nd quarter worth $887,000. Finally, Bamco Inc. NY grew its stake in shares of indie Semiconductor by 23.5% during the second quarter. Bamco Inc. NY now owns 25,294,776 shares of the company's stock worth $90,049,000 after purchasing an additional 4,813,397 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
About indie Semiconductor
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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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