Key Points
- CFO Naixi Wu sold 55,000 shares on April 9 at an average price of $2.81, reducing her direct ownership by 31.29% to 120,787 shares; the sale was disclosed to the SEC and executed under a pre‑arranged Rule 10b5‑1 plan.
- Wu has made multiple recent dispositions, totaling roughly 84,569 shares sold across trades in March–April, indicating sustained insider selling activity.
- INDI shares trade near $2.91 (50‑day/200‑day averages $3.19/$3.91) with negative EPS and a market cap of about $651M, while analysts’ average rating is "Moderate Buy" with an average target of $6.45.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CFO Naixi Wu sold 55,000 shares of the firm's stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $2.81, for a total transaction of $154,550.00. Following the completion of the transaction, the chief financial officer directly owned 120,787 shares of the company's stock, valued at approximately $339,411.47. This trade represents a 31.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Naixi Wu also recently made the following trade(s):
- On Monday, April 6th, Naixi Wu sold 5,876 shares of indie Semiconductor stock. The shares were sold at an average price of $2.99, for a total transaction of $17,569.24.
- On Friday, March 13th, Naixi Wu sold 6,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.51, for a total transaction of $15,060.00.
- On Wednesday, March 4th, Naixi Wu sold 531 shares of indie Semiconductor stock. The shares were sold at an average price of $2.53, for a total transaction 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 transaction of $61,096.72.
indie Semiconductor Trading Up 2.8%
INDI stock opened at $2.91 on Friday. The firm has a fifty day moving average price of $3.19 and a 200 day moving average price of $3.91. indie Semiconductor, Inc. has a fifty-two week low of $1.76 and a fifty-two week high of $6.05. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.10 and a current ratio of 3.73. The firm has a market cap of $650.85 million, a PE ratio of -3.99 and a beta of 2.56.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.07). indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. The firm had revenue of $58.01 million during the quarter, compared to analyst estimates of $57.11 million. During the same period last year, the firm posted ($0.07) earnings per share. indie Semiconductor's revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.
Institutional Trading of indie Semiconductor
Institutional investors have recently bought and sold shares of the stock. HBK Sorce Advisory LLC bought a new stake in indie Semiconductor in the third quarter worth $41,000. Evergreen Capital Management LLC bought a new stake in indie Semiconductor in the second quarter worth $37,000. Caitong International Asset Management Co. Ltd lifted its position in indie Semiconductor by 45,829.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company's stock worth $39,000 after buying an additional 10,999 shares during the last quarter. Jump Financial LLC bought a new stake in indie Semiconductor in the second quarter worth $39,000. Finally, Gainplan LLC bought a new stake in indie Semiconductor in the fourth quarter worth $39,000. 67.73% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on INDI shares. Weiss Ratings reissued 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 report on Saturday, December 13th. Finally, UBS Group set a $4.25 price target on indie Semiconductor in a research report on Sunday, February 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.45.
Read Our Latest Stock Report 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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