indie Semiconductor (NASDAQ:INDI) President Sells $505,000.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 100,000 shares of indie Semiconductor stock in a transaction on Friday, May 29th. The shares were sold at an average price of $5.05, for a total transaction of $505,000.00. Following the transaction, the president owned 106,169 shares in the company, valued at approximately $536,153.45. This trade represents a 48.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 27th, Ichiro Aoki sold 175,000 shares of indie Semiconductor stock. The shares were sold at an average price of $5.06, for a total transaction of $885,500.00.
• On Thursday, May 28th, Ichiro Aoki sold 454,900 shares of indie Semiconductor stock. The stock was sold at an average price of $5.28, for a total transaction of $2,401,872.00.
• 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 Price Performance

Shares of INDI stock opened at $4.99 on Monday. The stock has a market cap of $1.13 billion, a P/E ratio of -6.57 and a beta of 2.73. indie Semiconductor, Inc. has a 52 week low of $2.32 and a 52 week high of $6.05. The company has a quick ratio of 3.39, a current ratio of 4.11 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $3.72 and its two-hundred day simple moving average is $3.72.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $55.46 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) EPS. Analysts predict that indie Semiconductor, Inc. will post -0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on INDI. Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Tuesday, April 21st. Finally, UBS Group upped their target price 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. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, indie Semiconductor presently has a consensus rating of “Hold” and an average price target of $6.92.

Institutional Trading of indie Semiconductor

Several hedge funds have recently made changes to their positions in INDI. Principal Financial Group Inc. purchased a new stake in shares of indie Semiconductor during the 1st quarter valued at about $35,000. Evergreen Capital Management LLC bought a new position in indie Semiconductor during the 2nd quarter valued at about $37,000. Gainplan LLC bought a new position in indie Semiconductor during the 4th quarter valued at about $39,000. Caitong International Asset Management Co. Ltd grew its holdings in indie Semiconductor by 45,829.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock valued at $39,000 after purchasing an additional 10,999 shares during the last quarter. Finally, Jump Financial LLC bought a new position in indie Semiconductor during the 2nd quarter valued at about $39,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting 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

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.