Naixi Wu Sells 6,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $3.56, for a total value of $21,360.00. Following the completion of the transaction, the chief financial officer directly owned 150,058 shares of the company’s stock, valued at approximately $534,206.48. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Naixi Wu also recently made the following trade(s):

• On Wednesday, September 2nd, Naixi Wu sold 21,171 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $74,945.34.
• On Monday, August 31st, Naixi Wu sold 23,170 shares of indie Semiconductor stock. The shares were sold at an average price of $3.72, for a total transaction of $86,192.40.
• On Thursday, July 2nd, Naixi Wu sold 19,640 shares of indie Semiconductor stock. The stock was sold at an average price of $4.37, for a total transaction of $85,826.80.

indie Semiconductor Price Performance

NASDAQ:INDI opened at $3.60 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.86 and a current ratio of 3.65. The company has a 50-day moving average of $3.90 and a 200-day moving average of $3.74. indie Semiconductor, Inc. has a 52 week low of $2.32 and a 52 week high of $6.05. The company has a market capitalization of $834.52 million, a price-to-earnings ratio of -4.93 and a beta of 2.78.

indie Semiconductor (NASDAQ:INDI) last posted its earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 32.02%. The business had revenue of $64.01 million for the quarter, compared to analysts’ expectations of $62.49 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. As a group, equities research analysts anticipate that indie Semiconductor, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of INDI. Optiver Holding B.V. increased its holdings in indie Semiconductor by 7,163.7% during the 1st quarter. Optiver Holding B.V. now owns 8,208 shares of the company’s stock valued at $26,000 after purchasing an additional 8,095 shares in the last quarter. Principal Financial Group Inc. acquired a new position in indie Semiconductor in the first quarter worth $35,000. Evergreen Capital Management LLC acquired a new position in indie Semiconductor in the second quarter worth $37,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of indie Semiconductor by 45,829.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock worth $39,000 after purchasing an additional 10,999 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of indie Semiconductor during the second quarter worth $39,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on INDI shares. UBS Group increased their target price on indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a report on Friday, May 8th. Roth Capital set a $5.00 price target on indie Semiconductor in a research note on Friday, August 7th. TD Cowen upped their price target on indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.75.

Trending Headlines about indie Semiconductor

Here are the key news stories impacting indie Semiconductor this week:

• Positive Sentiment: indie Semiconductor announced equity awards for newly hired employees under its 2023 Inducement Incentive Plan. The grants may signal continued investment in talent and product development for its automotive semiconductor business, including advanced driver-assistance systems and electric vehicles. indie Announces New Employee Inducement Grants
• Neutral Sentiment: Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $4.75. Recent quarterly revenue growth and a narrower year-over-year loss are constructive, but analysts still expect a full-year loss of approximately $0.53 per share.
• Negative Sentiment: Several senior executives sold shares, potentially weighing on investor sentiment. CEO Donald McClymont sold 13,384 shares, while COO Michael Wittmann sold 40,625 shares—reducing his direct ownership by 25.95%. indie Semiconductor insider trading activity
• Negative Sentiment: CFO Naixi Wu sold 27,171 shares across September 1–2, including 6,000 shares at an average price of $3.56 and 21,171 shares at $3.54. The transactions reduced her reported holdings and add to concerns about concentrated insider selling. SEC insider ownership filing
• Negative Sentiment: The employee inducement awards could increase share-based compensation and future dilution. Combined with continued losses, a negative net margin and substantial insider selling, the grants may limit the positive impact of the company’s revenue growth.

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.