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

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of indie Semiconductor stock in a transaction on Friday, April 24th. The stock was sold at an average price of $3.76, for a total value of $188,000.00. Following the sale, the president owned 106,169 shares in the company, valued at $399,195.44. The trade was a 32.02% 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, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $153,990.00.
• On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The shares were 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 shares were 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 shares were 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 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 shares were 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 shares were sold at an average price of $3.56, for a total transaction of $16,279.88.

indie Semiconductor Price Performance

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

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $58.01 million during the quarter, compared to analyst estimates of $57.11 million. indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, research analysts expect that indie Semiconductor, Inc. will post -0.44 EPS for the current year.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors have recently added to or reduced their stakes in the business. Elemental Capital Partners LLC purchased a new stake in shares of indie Semiconductor in the third quarter worth about $30,979,000. Vanguard Group Inc. lifted its holdings in shares of indie Semiconductor by 9.6% in the third quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company’s stock worth $62,203,000 after buying an additional 1,334,145 shares in the last quarter. ArrowMark Colorado Holdings LLC purchased a new stake in shares of indie Semiconductor in the third quarter worth about $3,931,000. Handelsbanken Fonder AB lifted its holdings in shares of indie Semiconductor by 1,938.0% in the third quarter. Handelsbanken Fonder AB now owns 1,579,686 shares of the company’s stock worth $6,429,000 after buying an additional 1,502,175 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of indie Semiconductor in the third quarter worth about $22,385,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented 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 reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company 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.