indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 43,500 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 43,500 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $3.54, for a total transaction of $153,990.00. Following the completion of the sale, the president directly owned 106,169 shares of the company’s stock, valued at approximately $375,838.26. This represents a 29.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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.
• On Monday, April 6th, Ichiro Aoki sold 3,506 shares of indie Semiconductor stock. The stock was sold at an average price of $2.99, for a total transaction of $10,482.94.
• On Thursday, March 26th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.28, for a total transaction of $328,000.00.
• On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was 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 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 stock was sold at an average price of $3.56, for a total transaction of $16,279.88.

indie Semiconductor Trading Up 8.2%

Shares of NASDAQ INDI opened at $3.96 on Tuesday. indie Semiconductor, Inc. has a 1 year low of $1.90 and a 1 year high of $6.05. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.73 and a quick ratio of 3.10. The firm has a 50-day moving average of $3.09 and a 200 day moving average of $3.84. The stock has a market cap of $885.69 million, a P/E ratio of -5.42 and a beta of 2.56.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data 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 analysts’ expectations of $57.11 million. indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. As a group, sell-side analysts expect that indie Semiconductor, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Trading of indie Semiconductor

Several institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA grew its position in indie Semiconductor by 3.0% during the 4th quarter. Primecap Management Co. CA now owns 29,774,708 shares of the company’s stock valued at $105,105,000 after purchasing an additional 873,940 shares during the last quarter. Bamco Inc. NY grew its position in indie Semiconductor by 0.7% during the 4th quarter. Bamco Inc. NY now owns 21,705,742 shares of the company’s stock valued at $76,621,000 after purchasing an additional 148,455 shares during the last quarter. Vanguard Group Inc. grew its position in indie Semiconductor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,493,648 shares of the company’s stock valued at $54,693,000 after purchasing an additional 210,463 shares during the last quarter. Elemental Capital Partners LLC grew its position in indie Semiconductor by 60.0% during the 1st quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock valued at $40,715,000 after purchasing an additional 4,741,680 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in indie Semiconductor during the 3rd quarter valued at about $22,385,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on INDI shares. UBS Group set a $4.25 price objective on shares of indie Semiconductor in a report on Sunday, February 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.45.

About indie Semiconductor

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.