indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 100,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 100,000 shares of the stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $3.28, for a total value of $328,000.00. Following the completion of the transaction, the president directly owned 100,952 shares of the company’s stock, valued at approximately $331,122.56. The trade was a 49.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 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 stock was sold at an average price of $3.56, for a total transaction of $16,279.88.
• On Monday, January 5th, Ichiro Aoki sold 7,188 shares of indie Semiconductor stock. The stock was sold at an average price of $3.67, for a total transaction of $26,379.96.

indie Semiconductor Trading Down 1.5%

Shares of NASDAQ:INDI opened at $3.19 on Friday. The company has a 50 day moving average of $3.46 and a 200-day moving average of $3.97. The company has a current ratio of 3.73, a quick ratio of 3.10 and a debt-to-equity ratio of 0.88. The firm has a market cap of $713.48 million, a P/E ratio of -4.37 and a beta of 2.55. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $6.05.

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

Institutional Trading of indie Semiconductor

Several institutional investors have recently made changes to their positions in INDI. Elemental Capital Partners LLC acquired a new position in indie Semiconductor in the 3rd quarter valued at approximately $30,979,000. Tudor Investment Corp ET AL purchased a new stake in indie Semiconductor in the 3rd quarter worth approximately $22,385,000. Bamco Inc. NY boosted its stake in shares of indie Semiconductor by 23.5% during the 2nd quarter. Bamco Inc. NY now owns 25,294,776 shares of the company’s stock valued at $90,049,000 after buying an additional 4,813,397 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of indie Semiconductor by 29.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company’s stock valued at $63,940,000 after acquiring an additional 4,139,349 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of indie Semiconductor by 456.6% during 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. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen cut indie Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Thursday, January 22nd. Finally, UBS Group set a $4.25 target price on indie Semiconductor in a report on Sunday, February 22nd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, indie Semiconductor currently has an average rating of “Moderate Buy” and a consensus 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.