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 stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $4.40, for a total transaction of $440,000.00. Following the sale, the president directly owned 106,169 shares of the company’s stock, valued at $467,143.60. The trade was a 48.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction 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 shares were 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 stock was 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 stock was 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.
• On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.83, for a total value of $141,500.00.
• On Thursday, March 19th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.57, for a total value of $128,500.00.
• On Monday, March 16th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.54, for a total value of $127,000.00.

indie Semiconductor Stock Down 2.7%

Shares of INDI stock traded down $0.12 during trading hours on Friday, reaching $4.39. 4,124,589 shares of the company’s stock were exchanged, compared to its average volume of 4,710,718. indie Semiconductor, Inc. has a 1 year low of $1.94 and a 1 year high of $6.05. The company has a current ratio of 3.73, a quick ratio of 3.10 and a debt-to-equity ratio of 0.88. The stock has a market cap of $981.87 million, a PE ratio of -6.01 and a beta of 2.74. The stock’s fifty day moving average price is $3.12 and its two-hundred day moving average price is $3.84.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $58.01 million during the quarter, compared to analyst estimates of $57.11 million. indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. indie Semiconductor’s revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) EPS. Research analysts predict that indie Semiconductor, Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on INDI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. UBS Group set a $4.25 price objective on shares of indie Semiconductor in a report on Sunday, February 22nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.45.

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of INDI. Fifth Third Bancorp purchased a new stake in indie Semiconductor in the first quarter valued at approximately $2,722,000. Counterpoint Mutual Funds LLC acquired a new stake in indie Semiconductor during the 1st quarter valued at approximately $546,000. Elemental Capital Partners LLC lifted its stake in indie Semiconductor by 60.0% during the 1st quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock valued at $40,715,000 after acquiring an additional 4,741,680 shares during the period. 1492 Capital Management LLC boosted its holdings in shares of indie Semiconductor by 24.0% in the 1st quarter. 1492 Capital Management LLC now owns 806,723 shares of the company’s stock valued at $2,598,000 after acquiring an additional 155,999 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of indie Semiconductor by 130.0% in the first quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock worth $12,272,000 after acquiring an additional 2,154,279 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.