Key Points
- Insider selling: President Ichiro Aoki sold 3,506 shares on April 6 at $2.99 for $10,482.94 and conducted several larger sales in March (including a 100,000-share sale), leaving him with 106,169 shares — a 3.20% reduction in his position.
- Stock and analyst context: INDI trades near $2.89 (52-week range $1.60–$6.05) with a market cap of about $646M and negative earnings (Q4 EPS -$0.07; FY estimate -$0.54), while analysts have a consensus "Moderate Buy" and a $6.45 target.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 3,506 shares of the company's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $2.99, for a total transaction of $10,482.94. Following the completion of the transaction, the president owned 106,169 shares in the company, valued at approximately $317,445.31. This represents a 3.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ichiro Aoki also recently made the following trade(s):
- On Thursday, March 26th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.28, for a total transaction of $328,000.00.
- On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.17, for a total transaction of $158,500.00.
- On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.83, for a total transaction of $141,500.00.
- On Thursday, March 19th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.57, for a total value 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 value of $127,000.00.
- 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.
indie Semiconductor Stock Performance
Shares of INDI stock opened at $2.89 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.73 and a quick ratio of 3.10. indie Semiconductor, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $6.05. The stock's 50-day moving average is $3.28 and its two-hundred day moving average is $3.93. The firm has a market cap of $646.38 million, a P/E ratio of -3.96 and a beta of 2.56.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The business had revenue of $58.01 million during the quarter, compared to analyst estimates of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The firm's revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) EPS. Analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On indie Semiconductor
Several institutional investors and hedge funds have recently added to or reduced their stakes in INDI. Primecap Management Co. CA boosted its position in indie Semiconductor by 3.0% during the fourth quarter. Primecap Management Co. CA now owns 29,774,708 shares of the company's stock worth $105,105,000 after purchasing an additional 873,940 shares during the period. Bamco Inc. NY raised its position 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 valued at $90,049,000 after purchasing an additional 4,813,397 shares during the period. Frontier Capital Management Co. LLC lifted its stake in shares of indie Semiconductor by 29.9% in the second quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company's stock worth $63,940,000 after buying an additional 4,139,349 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 buying an additional 210,463 shares during the period. Finally, Elemental Capital Partners LLC boosted its holdings in shares of indie Semiconductor by 3.8% during the 4th quarter. Elemental Capital Partners LLC now owns 7,902,713 shares of the company's stock worth $27,897,000 after buying an additional 291,111 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have commented on the stock. Wall Street Zen downgraded shares of indie Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, December 13th. UBS Group set a $4.25 price target on shares of indie Semiconductor in a report on Sunday, February 22nd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of indie Semiconductor in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, indie Semiconductor presently has an average rating of "Moderate Buy" and a consensus target price of $6.45.
Get Our Latest Stock Report on INDI
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.
Recommended Stories
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].
