Ichiro Aoki Sells 75,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 75,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $6.24, for a total value of $468,000.00. Following the sale, the president now owns 36,631 shares of the company’s stock, valued at approximately $228,577.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 18th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The stock was sold at an average price of $6.52, for a total value of $489,000.00.
• On Friday, June 14th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The stock was sold at an average price of $7.09, for a total value of $531,750.00.

indie Semiconductor Price Performance

NASDAQ:INDI opened at $6.09 on Wednesday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -12.43 and a beta of 1.24. indie Semiconductor, Inc. has a 1 year low of $4.67 and a 1 year high of $9.85. The business has a 50 day simple moving average of $6.33 and a 200-day simple moving average of $6.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.74 and a quick ratio of 1.49.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.13). The company had revenue of $52.35 million during the quarter, compared to the consensus estimate of $56.30 million. indie Semiconductor had a negative net margin of 32.12% and a negative return on equity of 21.08%. Equities analysts forecast that indie Semiconductor, Inc. will post -0.62 EPS for the current year.

Institutional Investors Weigh In On indie Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of indie Semiconductor by 269.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock worth $50,000 after acquiring an additional 4,470 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of indie Semiconductor by 40.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after acquiring an additional 2,000 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of indie Semiconductor during the 1st quarter worth approximately $53,000. Psagot Value Holdings Ltd. Israel lifted its stake in shares of indie Semiconductor by 24.2% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock worth $69,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of indie Semiconductor by 66.7% during the 1st quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $71,000 after acquiring an additional 4,000 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INDI. KeyCorp dropped their price target on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. B. Riley reissued a “buy” rating and set a $13.50 price target (down from $14.50) on shares of indie Semiconductor in a research note on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on indie Semiconductor from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $12.64.

indie Semiconductor Company Profile

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.