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

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $5.02, for a total value of $251,000.00. Following the transaction, the president directly owned 106,169 shares in the company, valued at $532,968.38. The trade was a 32.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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.
• 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 value 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 value 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 value of $158,500.00.

indie Semiconductor Stock Performance

NASDAQ INDI traded up $0.09 on Wednesday, reaching $5.16. The stock had a trading volume of 6,872,440 shares, compared to its average volume of 5,812,652. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.11 and a quick ratio of 3.39. The firm has a fifty day moving average of $3.61 and a two-hundred day moving average of $3.71. indie Semiconductor, Inc. has a 1-year low of $2.32 and a 1-year high of $6.05. The company has a market cap of $1.17 billion, a P/E ratio of -6.79 and a beta of 2.74.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, meeting 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 firm had revenue of $55.46 million for the quarter, compared to analyst estimates of $55.09 million. During the same period in the prior year, the firm posted ($0.08) EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that indie Semiconductor, Inc. will post -0.44 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on INDI. 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. Wall Street Zen raised indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.92.

Hedge Funds Weigh In On indie Semiconductor

Several large investors have recently bought and sold shares of INDI. Principal Financial Group Inc. bought a new position in indie Semiconductor in the first quarter valued at about $35,000. Evergreen Capital Management LLC bought a new position in indie Semiconductor in the second quarter valued at about $37,000. Gainplan LLC bought a new position in indie Semiconductor in the fourth quarter valued at about $39,000. Caitong International Asset Management Co. Ltd raised its position in 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. Finally, Jump Financial LLC bought a new position in indie Semiconductor in the second quarter valued at about $39,000. 67.73% of the stock is currently owned by institutional investors.

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.