Key Points
- President Ichiro Aoki sold 50,000 shares on March 24 at $2.83 for $141,500, part of multiple recent insider sales (including two prior 50,000-share sales on March 19 and March 16) that reduced his position by 33.12%.
- Company and market snapshot: indie reported Q earnings of ($0.07) on $58.01M revenue with negative margins, the stock is up 7.8% and has a MarketBeat consensus rating of "Moderate Buy" with a $6.45 price target despite mixed analyst views and a $706.8M market cap.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $2.83, for a total value of $141,500.00. Following the completion of the transaction, the president owned 100,952 shares in the company, valued at $285,694.16. This represents a 33.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ichiro Aoki also recently made the following trade(s):
- On Thursday, March 19th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.57, for a total transaction of $128,500.00.
- On Monday, March 16th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.54, for a total transaction of $127,000.00.
- On Monday, March 2nd, Ichiro Aoki sold 4,573 shares of indie Semiconductor stock. The stock was sold at an average price of $3.56, for a total transaction of $16,279.88.
- 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 transaction of $26,379.96.
indie Semiconductor Stock Up 7.8%
indie Semiconductor stock opened at $3.16 on Thursday. 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, Inc. has a 1-year low of $1.53 and a 1-year high of $6.05. The firm's fifty day simple moving average is $3.51 and its 200-day simple moving average is $3.98. The company has a market capitalization of $706.77 million, a P/E ratio of -4.33 and a beta of 2.55.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.07). The firm had revenue of $58.01 million during the quarter, compared to analysts' expectations of $57.11 million. indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. indie Semiconductor's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. Sell-side analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. UBS Group set a $4.25 price objective on indie Semiconductor in a report on Sunday, February 22nd. Weiss Ratings restated a "sell (d-)" rating on shares of indie Semiconductor in a report on Thursday, January 22nd. Finally, Wall Street Zen cut indie Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, December 13th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $6.45.
Get Our Latest Report on indie Semiconductor
Institutional Investors Weigh In On indie Semiconductor
A number of hedge funds have recently bought and sold shares of INDI. Primecap Management Co. CA grew its position in shares of indie Semiconductor by 3.0% in the fourth quarter. Primecap Management Co. CA now owns 29,774,708 shares of the company's stock valued at $105,105,000 after purchasing an additional 873,940 shares during the last quarter. Bamco Inc. NY increased its stake in shares of indie Semiconductor by 23.5% in 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 during the period. Frontier Capital Management Co. LLC lifted its position in shares of indie Semiconductor by 29.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company's stock worth $63,940,000 after purchasing an additional 4,139,349 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of indie Semiconductor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,493,648 shares of the company's stock worth $54,693,000 after purchasing an additional 210,463 shares during the last quarter. Finally, Elemental Capital Partners LLC boosted its stake in indie Semiconductor by 3.8% during the 4th quarter. Elemental Capital Partners LLC now owns 7,902,713 shares of the company's stock valued at $27,897,000 after purchasing an additional 291,111 shares during the period. 67.73% of the stock is currently owned by institutional investors.
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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