indie Semiconductor (NASDAQ:INDI) President Sells $127,000.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $2.54, for a total transaction of $127,000.00. Following the transaction, the president owned 100,952 shares of the company’s stock, valued at approximately $256,418.08. This represents a 33.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value 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 value of $26,379.96.

indie Semiconductor Stock Down 1.5%

INDI traded down $0.04 on Wednesday, hitting $2.58. 2,397,952 shares of the company were exchanged, compared to its average volume of 4,531,069. The stock’s fifty day moving average is $3.66 and its 200-day moving average is $4.04. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $6.05. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.10 and a current ratio of 3.73. The company has a market cap of $566.65 million, a PE ratio of -3.53 and a beta of 2.55.

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 analysts’ consensus estimates of ($0.07). The firm had revenue of $58.01 million during the quarter, compared to the consensus estimate of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. Equities research analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INDI. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a report on Thursday, January 22nd. UBS Group set a $4.25 price target on shares of indie Semiconductor in a research note on Sunday, February 22nd. Finally, Wall Street Zen downgraded shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.45.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. HBK Sorce Advisory LLC bought a new stake in indie Semiconductor in the 3rd quarter valued at $41,000. Evergreen Capital Management LLC acquired a new position in shares of indie Semiconductor in the second quarter valued at $37,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of indie Semiconductor by 45,829.2% in the fourth 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 last quarter. Jump Financial LLC bought a new position in shares of indie Semiconductor in the second quarter valued at about $39,000. Finally, Gainplan LLC bought a new position in shares of indie Semiconductor in the fourth quarter valued at about $39,000. 67.73% of the stock is owned by institutional investors and hedge funds.

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.