Insider Selling: indie Semiconductor (NASDAQ:INDI) President Sells 100,000 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $5.05, for a total value of $505,000.00. Following the sale, the president owned 106,169 shares in the company, valued at approximately $536,153.45. This represents a 48.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, May 27th, Ichiro Aoki sold 175,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.06, for a total value of $885,500.00.
• On Thursday, May 28th, Ichiro Aoki sold 454,900 shares of indie Semiconductor stock. The stock was sold at an average price of $5.28, for a total value of $2,401,872.00.
• On Friday, May 22nd, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.02, for a total value of $251,000.00.
• On Tuesday, May 26th, Ichiro Aoki sold 20,100 shares of indie Semiconductor stock. The stock was sold at an average price of $5.26, for a total value of $105,726.00.
• On Monday, May 11th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.78, for a total value of $239,000.00.
• On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.40, for a total value of $440,000.00.
• On Monday, April 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.04, for a total value of $202,000.00.
• On Thursday, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total value of $153,990.00.
• 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 value 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 value of $22,750.00.

indie Semiconductor Stock Performance

indie Semiconductor stock traded down $0.35 during midday trading on Friday, reaching $4.99. 4,919,436 shares of the company’s stock were exchanged, compared to its average volume of 5,817,521. indie Semiconductor, Inc. has a 52 week low of $2.32 and a 52 week high of $6.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.39 and a current ratio of 4.11. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -6.57 and a beta of 2.74. The stock’s 50-day simple moving average is $3.72 and its 200 day simple moving average is $3.73.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). indie Semiconductor had a negative return on equity of 29.85% and a negative net margin of 69.76%.The business had revenue of $55.46 million during the quarter, compared to analysts’ expectations of $55.09 million. During the same quarter last year, the company posted ($0.08) earnings per share. indie Semiconductor’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts expect that indie Semiconductor, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On indie Semiconductor

Institutional investors have recently made changes to their positions in the company. Evergreen Capital Management LLC bought a new stake in shares of indie Semiconductor during the second quarter worth approximately $37,000. Principal Financial Group Inc. bought a new stake in shares of indie Semiconductor during the first quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd boosted 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 acquiring an additional 10,999 shares during the period. Jump Financial LLC bought a new stake in shares of indie Semiconductor during the second quarter worth approximately $39,000. Finally, Gainplan LLC bought a new stake in shares of indie Semiconductor during the fourth quarter worth approximately $39,000. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on INDI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. UBS Group lifted their price target on indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.92.

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.