indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 43,500 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $3.54, for a total transaction of $153,990.00. Following the sale, the president directly owned 106,169 shares in the company, valued at $375,838.26. This trade represents a 29.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ichiro Aoki also recently made the following trade(s):
- On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.76, for a total transaction of $188,000.00.
- On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.50, for a total transaction of $22,750.00.
- 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 transaction 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 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 shares were 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 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 shares were sold at an average price of $3.56, for a total transaction of $16,279.88.
indie Semiconductor Stock Performance
Shares of NASDAQ INDI opened at $3.96 on Tuesday. The firm's 50-day moving average price is $3.09 and its 200-day moving average price is $3.84. The company has a quick ratio of 3.10, a current ratio of 3.73 and a debt-to-equity ratio of 0.88. The company has a market cap of $885.69 million, a PE ratio of -5.42 and a beta of 2.56. indie Semiconductor, Inc. has a 52-week low of $1.90 and a 52-week high of $6.05.
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 analysts' consensus estimates of ($0.07). The firm had revenue of $58.01 million for the quarter, compared to the consensus estimate of $57.11 million. indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS. As a group, analysts anticipate that indie Semiconductor, Inc. will post -0.44 EPS for the current year.
Hedge Funds Weigh In On indie Semiconductor
Institutional investors have recently made changes to their positions in the business. HBK Sorce Advisory LLC bought a new position in shares of indie Semiconductor in the 3rd quarter worth approximately $41,000. Evergreen Capital Management LLC bought a new position in shares of indie Semiconductor in the 2nd quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 period. Jump Financial LLC bought a new position in shares of indie Semiconductor in the 2nd quarter worth approximately $39,000. Finally, Gainplan LLC bought a new position in shares of indie Semiconductor in the 4th quarter worth approximately $39,000. Institutional investors own 67.73% of the company's stock.
Wall Street Analysts Forecast Growth
INDI has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of indie Semiconductor in a report on Tuesday, April 21st. UBS Group set a $4.25 price target on shares of indie Semiconductor in a report on Sunday, February 22nd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, indie Semiconductor presently has an average rating of "Moderate Buy" and a consensus target price of $6.45.
Check Out Our Latest Stock Report on INDI
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.
Further Reading
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].
