Key Points
- Indie Semiconductor president Ichiro Aoki sold 50,000 shares on May 11 at an average price of $4.78, totaling about $239,000. After the sale, he still held 106,169 shares, and the transaction cut his ownership by about 32%.
- Aoki has been a frequent seller of INDI shares in recent weeks, including several additional sales in late March and April at prices ranging from $2.57 to $4.40.
- Indie Semiconductor reported mixed but steady quarterly results, meeting EPS expectations at a loss of $0.06 per share while revenue rose 2.5% year over year to $55.46 million. Analysts currently have a consensus Hold rating and an average target price of $6.92.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 50,000 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $4.78, for a total value of $239,000.00. Following the transaction, the president directly owned 106,169 shares in the company, valued at $507,487.82. This trade represents a 32.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Ichiro Aoki also recently made the following trade(s):
- On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.40, for a total transaction of $440,000.00.
- On Monday, April 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.04, for a total transaction of $202,000.00.
- On Thursday, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $153,990.00.
- On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $2.57, for a total value of $128,500.00.
indie Semiconductor Stock Performance
Shares of NASDAQ INDI opened at $4.51 on Thursday. indie Semiconductor, Inc. has a 1 year low of $2.29 and a 1 year high of $6.05. The firm has a market cap of $1.01 billion, a P/E ratio of -5.93 and a beta of 2.74. The stock has a fifty day moving average price of $3.25 and a two-hundred day moving average price of $3.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.10 and a current ratio of 4.11.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, hitting analysts' consensus estimates of ($0.06). indie Semiconductor had a negative return on equity of 29.85% and a negative net margin of 69.76%.The company had revenue of $55.46 million for the quarter, compared to the consensus estimate of $55.09 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Research analysts forecast that indie Semiconductor, Inc. will post -0.44 EPS for the current fiscal year.
Institutional Trading of indie Semiconductor
A number of hedge funds have recently bought and sold shares of the company. Elemental Capital Partners LLC acquired a new position in shares of indie Semiconductor in the third quarter worth about $30,979,000. Tudor Investment Corp ET AL purchased a new stake in shares of indie Semiconductor in the 3rd quarter valued at approximately $22,385,000. Millennium Management LLC lifted its position in shares of indie Semiconductor by 456.6% in the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company's stock valued at $7,535,000 after acquiring an additional 3,037,435 shares in the last quarter. Wasatch Advisors LP boosted its stake in indie Semiconductor by 130.0% in the 1st quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company's stock worth $12,272,000 after purchasing an additional 2,154,279 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in indie Semiconductor by 117.0% in the 4th quarter. Handelsbanken Fonder AB now owns 3,428,175 shares of the company's stock worth $12,101,000 after purchasing an additional 1,848,489 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. UBS Group boosted their target price on shares of indie Semiconductor from $4.25 to $4.75 and gave the stock a "neutral" rating in a report on Friday, May 8th. Weiss Ratings restated a "sell (d-)" rating on shares of indie Semiconductor in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $6.92.
Read Our Latest Stock Analysis on indie Semiconductor
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.
Further Reading
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