Key Points
- President Ichiro Aoki sold 6,500 shares on April 21 at an average price of $3.50, reducing his stake to 106,169 shares (a 5.77% drop) — the transaction is part of a larger recent insider selling streak that included multiple sales totaling several hundred thousand shares in March and April.
- indie Semiconductor remains loss-making (reported -$0.07 EPS last quarter) with quarterly revenue of $58.0M and a market cap of about $767M, while analysts hold a consensus rating of Moderate Buy with a $6.45 price target.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 6,500 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $3.50, for a total value of $22,750.00. Following the completion of the transaction, the president directly owned 106,169 shares of the company's stock, valued at approximately $371,591.50. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Ichiro Aoki also recently made the following trade(s):
- On Monday, April 6th, Ichiro Aoki sold 3,506 shares of indie Semiconductor stock. The shares were sold at an average price of $2.99, for a total value of $10,482.94.
- 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 value of $328,000.00.
- On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.17, for a total value of $158,500.00.
- On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.83, for a total value of $141,500.00.
- 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 stock was 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.
indie Semiconductor Trading Up 0.9%
Shares of indie Semiconductor stock opened at $3.43 on Friday. indie Semiconductor, Inc. has a 12-month low of $1.90 and a 12-month high of $6.05. The stock has a market capitalization of $767.15 million, a P/E ratio of -4.70 and a beta of 2.56. The company has a 50-day simple moving average of $3.08 and a 200 day simple moving average of $3.86. 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 (NASDAQ:INDI - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.07) EPS for the quarter, meeting analysts' consensus estimates of ($0.07). The firm had revenue of $58.01 million for the quarter, compared to analyst estimates of $57.11 million. indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) earnings per share. Research analysts expect that indie Semiconductor, Inc. will post -0.44 earnings per share for the current fiscal year.
Hedge Funds Weigh In On indie Semiconductor
A number of large investors have recently modified their holdings of the stock. HBK Sorce Advisory LLC bought a new stake in shares of indie Semiconductor during the third quarter valued at approximately $41,000. Evergreen Capital Management LLC acquired a new stake in shares of indie Semiconductor in the second quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd raised its position in indie Semiconductor by 45,829.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company's stock worth $39,000 after purchasing an additional 10,999 shares during the last quarter. Jump Financial LLC bought a new position in indie Semiconductor in the 2nd quarter worth approximately $39,000. Finally, Gainplan LLC acquired a new position in indie Semiconductor during the 4th quarter worth $39,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms recently commented on INDI. Weiss Ratings restated a "sell (d-)" rating on shares of indie Semiconductor in a research report on Tuesday. UBS Group set a $4.25 price objective on indie Semiconductor in a research note on Sunday, February 22nd. Four 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.45.
Check Out 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.
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