Key Points
- indie Semiconductor President Ichiro Aoki sold 50,000 shares on May 22 at an average price of $5.02, a transaction worth about $251,000. After the sale, he still held 106,169 shares, cutting his ownership by 32.02%.
- Aoki has been actively trimming his stake with multiple sales in recent weeks, including 20,100 shares on May 26 and several larger sales in April and March.
- The company reported mixed fundamentals and cautious analyst sentiment: Q1 revenue slightly beat expectations and EPS matched forecasts, but indie Semiconductor remains unprofitable, and Wall Street currently rates the stock a consensus "Hold" with an average target price of $6.92.
indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 20,100 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $5.26, for a total transaction of $105,726.00. Following the completion of the sale, the president owned 106,169 shares of the company's stock, valued at approximately $558,448.94. The trade was a 15.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ichiro Aoki also recently made the following trade(s):
- On Friday, May 22nd, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.02, for a total transaction of $251,000.00.
- On Monday, May 11th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.78, for a total transaction of $239,000.00.
- On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were 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 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 stock was 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 stock was sold at an average price of $3.17, for a total transaction of $158,500.00.
indie Semiconductor Stock Performance
Shares of INDI opened at $5.16 on Thursday. The company has a market capitalization of $1.17 billion, a PE ratio of -6.79 and a beta of 2.74. indie Semiconductor, Inc. has a one year low of $2.32 and a one year high of $6.05. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.11 and a quick ratio of 3.39. The company's fifty day moving average price is $3.61 and its 200 day moving average price is $3.71.
indie Semiconductor (NASDAQ:INDI - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $55.46 million for the quarter, compared to the consensus estimate of $55.09 million. indie Semiconductor had a negative net margin of 69.76% and a negative return on equity of 29.85%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. As a group, analysts expect that indie Semiconductor, Inc. will post -0.44 earnings per share for the current year.
Institutional Trading of indie Semiconductor
Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of indie Semiconductor by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company's stock valued at $62,203,000 after acquiring an additional 1,334,145 shares in the last quarter. ArrowMark Colorado Holdings LLC acquired a new stake in shares of indie Semiconductor during the 3rd quarter valued at about $3,931,000. Handelsbanken Fonder AB boosted its position in shares of indie Semiconductor by 1,938.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,579,686 shares of the company's stock valued at $6,429,000 after acquiring an additional 1,502,175 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of indie Semiconductor during the 3rd quarter valued at about $22,385,000. Finally, Elemental Capital Partners LLC boosted its position 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 valued at $27,897,000 after acquiring an additional 291,111 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
INDI has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of indie Semiconductor in a report on Tuesday, April 21st. UBS Group lifted 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. Finally, Wall Street Zen upgraded shares of indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. 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 MarketBeat, indie Semiconductor currently has a consensus rating of "Hold" and an average price target of $6.92.
Read 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.
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