Ichiro Aoki Sells 175,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDIGet Free Report) President Ichiro Aoki sold 175,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $5.06, for a total transaction of $885,500.00. Following the completion of the transaction, the president owned 106,169 shares of the company’s stock, valued at $537,215.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, May 28th, Ichiro Aoki sold 454,900 shares of indie Semiconductor stock. The shares were sold at an average price of $5.28, for a total transaction of $2,401,872.00.
  • On Friday, May 29th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.05, for a total transaction of $505,000.00.
  • 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 Tuesday, May 26th, Ichiro Aoki sold 20,100 shares of indie Semiconductor stock. The stock was sold at an average price of $5.26, for a total transaction of $105,726.00.
  • 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 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 stock was 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 stock was 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.

indie Semiconductor Trading Down 6.6%

Shares of NASDAQ INDI opened at $4.99 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.39 and a current ratio of 4.11. indie Semiconductor, Inc. has a 52-week low of $2.32 and a 52-week high of $6.05. The firm has a 50 day moving average price of $3.72 and a two-hundred day moving average price of $3.73. The stock has a market cap of $1.13 billion, a P/E ratio of -6.57 and a beta of 2.74.

indie Semiconductor (NASDAQ:INDIGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). indie Semiconductor had a negative net margin of 69.76% and a negative return on equity of 29.85%. The firm had revenue of $55.46 million during the quarter, compared to analysts’ expectations of $55.09 million. During the same period in the prior year, the company posted ($0.08) EPS. The company’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that indie Semiconductor, Inc. will post -0.52 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on INDI shares. Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group upped their price target on shares of indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.92.

View Our Latest Stock Report on INDI

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of indie Semiconductor by 32.1% in 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 last quarter. Cetera Investment Advisers boosted its stake 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 during the last quarter. Daiwa Securities Group Inc. boosted its stake 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 during the last quarter. Abel Hall LLC boosted its stake in shares of indie Semiconductor by 42.3% in the 4th quarter. Abel Hall LLC now owns 16,934 shares of the company’s stock valued at $60,000 after purchasing an additional 5,030 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of indie Semiconductor by 1.9% in the 4th quarter. Verition Fund Management LLC now owns 268,590 shares of the company’s stock valued at $948,000 after purchasing an additional 5,055 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Trending Headlines about indie Semiconductor

Here are the key news stories impacting indie Semiconductor this week:

  • Neutral Sentiment: indie Semiconductor announced new employee inducement grants, a routine equity compensation move that may help attract and retain talent. Article Title
  • Neutral Sentiment: The company’s latest earnings were roughly in line with expectations, with modest revenue growth, but profitability remains negative and analysts expect another loss for the year.
  • Negative Sentiment: President Ichiro Aoki disclosed several large stock sales in quick succession, including a 454,900-share sale, which has likely pressured shares as investors view the activity as a bearish insider signal. Article Title

About indie Semiconductor

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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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Insider Buying and Selling by Quarter for indie Semiconductor (NASDAQ:INDI)

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