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

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of indie Semiconductor stock in a transaction on Friday, March 27th. The stock was sold at an average price of $3.17, for a total value of $158,500.00. Following the sale, the president owned 100,952 shares in the company, valued at $320,017.84. The trade was a 33.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, March 26th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.28, for a total transaction of $328,000.00.
• 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $3.67, for a total transaction of $26,379.96.

indie Semiconductor Trading Down 1.5%

Shares of INDI stock opened at $3.19 on Friday. The company has a quick ratio of 3.10, a current ratio of 3.73 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. The company has a 50 day moving average of $3.46 and a 200-day moving average of $3.97. indie Semiconductor, Inc. has a 12-month low of $1.53 and a 12-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 the consensus estimate of ($0.07). indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The business had revenue of $58.01 million for the quarter, compared to the consensus estimate of $57.11 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. indie Semiconductor’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors have recently made changes to their positions in INDI. HBK Sorce Advisory LLC bought a new position in shares of indie Semiconductor in the third quarter worth $41,000. Evergreen Capital Management LLC bought a new stake in shares of indie Semiconductor during the 2nd quarter valued at $37,000. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 period. Jump Financial LLC purchased a new stake in indie Semiconductor during the 2nd quarter worth about $39,000. Finally, Gainplan LLC purchased a new stake in indie Semiconductor during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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