indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 4,573 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 4,573 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $3.56, for a total value of $16,279.88. Following the completion of the sale, the president directly owned 100,952 shares of the company’s stock, valued at approximately $359,389.12. This trade represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 5th, Ichiro Aoki sold 7,188 shares of indie Semiconductor stock. The stock was sold at an average price of $3.67, for a total value of $26,379.96.
• On Tuesday, December 2nd, Ichiro Aoki sold 1,166 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total value of $4,127.64.

indie Semiconductor Stock Down 7.1%

NASDAQ:INDI traded down $0.26 on Monday, hitting $3.40. 2,830,657 shares of the company’s stock traded hands, compared to its average volume of 3,474,238. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86. The company has a market cap of $746.74 million, a PE ratio of -4.66 and a beta of 2.55. The firm has a 50-day moving average price of $3.89 and a 200-day moving average price of $4.19. indie Semiconductor, Inc. has a 1 year low of $1.53 and a 1 year high of $6.05.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 28.81%. The firm had revenue of $58.01 million for the quarter, compared to analyst estimates of $57.11 million. During the same quarter in the prior year, the business earned ($0.07) EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Analyst Ratings Changes

INDI has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a report on Thursday, January 22nd. Wall Street Zen lowered shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Finally, UBS Group set a $4.25 target price on shares of indie Semiconductor in a research report on Sunday, February 22nd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.45.

Institutional Investors Weigh In On indie Semiconductor

A number of large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in indie Semiconductor by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock valued at $34,000 after purchasing an additional 7,536 shares during the period. HBK Sorce Advisory LLC bought a new stake in shares of indie Semiconductor in the third quarter valued at approximately $41,000. Evergreen Capital Management LLC acquired a new stake in shares of indie Semiconductor in the second quarter worth $37,000. Jump Financial LLC bought a new position in indie Semiconductor during the second quarter worth $39,000. Finally, Gainplan LLC bought a new position in indie Semiconductor during the fourth quarter worth $39,000. Institutional investors own 67.73% of the company’s stock.

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.