indie Semiconductor (NASDAQ:INDI) CFO Naixi Wu Sells 33,333 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 33,333 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $2.05, for a total value of $68,332.65. Following the sale, the chief financial officer owned 196,516 shares of the company’s stock, valued at $402,857.80. The trade was a 14.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Naixi Wu also recently made the following trade(s):

• On Monday, November 2nd, Naixi Wu sold 6,250 shares of indie Semiconductor stock. The stock was sold at an average price of $1.59, for a total transaction of $9,937.50.
• On Monday, September 21st, Naixi Wu sold 3,750 shares of indie Semiconductor stock. The stock was sold at an average price of $3.18, for a total value of $11,925.00.
• On Wednesday, September 2nd, Naixi Wu sold 21,171 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total transaction of $74,945.34.
• On Tuesday, September 1st, Naixi Wu sold 6,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.56, for a total transaction of $21,360.00.
• On Monday, August 31st, Naixi Wu sold 23,170 shares of indie Semiconductor stock. The stock was sold at an average price of $3.72, for a total value of $86,192.40.

indie Semiconductor Price Performance

Shares of INDI stock opened at $2.28 on Wednesday. indie Semiconductor, Inc. has a 12 month low of $1.34 and a 12 month high of $5.49. The company has a current ratio of 3.37, a quick ratio of 2.86 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $528.53 million, a P/E ratio of -3.17 and a beta of 3.10. The stock has a 50 day moving average of $2.54 and a two-hundred day moving average of $3.46.

indie Semiconductor (NASDAQ:INDI) last announced its earnings results on Thursday, November 5th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). indie Semiconductor had a negative return on equity of 34.86% and a negative net margin of 61.02%. The business had revenue of $70.24 million for the quarter, compared to the consensus estimate of $70.21 million. During the same quarter in the previous year, the company posted ($0.07) EPS. indie Semiconductor’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, equities analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Hedge Funds Weigh In On indie Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. Madison Asset Management LLC purchased a new stake in indie Semiconductor during the second quarter valued at about $2,310,000. Dimensional Fund Advisors LP raised its stake in shares of indie Semiconductor by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,873,776 shares of the company’s stock worth $6,033,000 after acquiring an additional 308,620 shares in the last quarter. Granahan Investment Management LLC boosted its holdings in indie Semiconductor by 17.8% during the 1st quarter. Granahan Investment Management LLC now owns 20,283,839 shares of the company’s stock valued at $65,314,000 after acquiring an additional 3,067,255 shares during the period. Fifth Third Bancorp bought a new stake in shares of indie Semiconductor in the first quarter worth about $2,722,000. Finally, First Trust Advisors LP increased its position in indie Semiconductor by 81.5% during the 1st quarter. First Trust Advisors LP now owns 339,424 shares of the company’s stock valued at $1,093,000 after purchasing an additional 152,463 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on INDI. TD Cowen lowered their price target on indie Semiconductor from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Monday, October 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Thursday, October 15th. B. Riley Financial reduced their price objective on shares of indie Semiconductor from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Finally, Roth Capital set a $5.00 price target on indie Semiconductor in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, indie Semiconductor presently has an average rating of “Hold” and an average price target of $3.94.

About indie Semiconductor

indie Semiconductor, Inc. is a fabless semiconductor company that develops automotive technologies for advanced driver-assistance systems (ADAS), automated driving, in-cabin experiences, vehicle connectivity and electrification. Its products combine analog and mixed-signal circuits with digital processing and software for use in vehicle systems. The company’s offerings support applications such as radar, lidar, computer vision, ultrasonic sensing, audio and vehicle networking. Automakers and automotive suppliers use its technologies to help enable sensing, safety and other electronic functions in vehicles.