Ichiro Aoki Sells 50,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $2.57, for a total value of $128,500.00. Following the transaction, the president directly owned 100,952 shares in the company, valued at approximately $259,446.64. This represents a 33.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ichiro Aoki also recently made the following trade(s):

• 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 value 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 value of $16,279.88.
• On Monday, January 5th, Ichiro Aoki sold 7,188 shares of indie Semiconductor stock. The shares were sold at an average price of $3.67, for a total value of $26,379.96.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock opened at $2.56 on Friday. The stock’s fifty day moving average is $3.58 and its two-hundred day moving average is $4.01. The company has a market capitalization of $562.25 million, a PE ratio of -3.51 and a beta of 2.55. 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, Inc. has a 52 week low of $1.53 and a 52 week high of $6.05.

indie Semiconductor (NASDAQ:INDI) last released its earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $58.01 million for the quarter, compared to analyst estimates of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) earnings per share. As a group, analysts expect that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Hedge Funds Weigh In On indie Semiconductor

Institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC lifted its stake in indie Semiconductor by 9.0% in the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company’s stock worth $142,000 after acquiring an additional 3,300 shares during the period. Envestnet Asset Management Inc. increased its position in indie Semiconductor by 32.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock valued at $66,000 after purchasing an additional 3,921 shares during the period. Ameritas Investment Partners Inc. increased its position in indie Semiconductor by 27.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company’s stock valued at $71,000 after purchasing an additional 4,207 shares during the period. Cetera Investment Advisers raised its holdings in shares of indie Semiconductor by 20.5% in the 4th quarter. Cetera Investment Advisers now owns 25,683 shares of the company’s stock valued at $91,000 after purchasing an additional 4,365 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of indie Semiconductor by 33.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,136 shares of the company’s stock valued at $68,000 after purchasing an additional 4,763 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INDI. Wall Street Zen lowered shares of indie Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. UBS Group set a $4.25 target price on shares of indie Semiconductor in a research note on Sunday, February 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Thursday, January 22nd. Five 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.45.

indie Semiconductor Company Profile

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.