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

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $2.57, for a total value of $128,500.00. Following the sale, the president directly owned 100,952 shares in the company, valued at approximately $259,446.64. This trade represents a 33.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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.
• On Monday, March 2nd, Ichiro Aoki sold 4,573 shares of indie Semiconductor stock. The stock was sold at an average price of $3.56, for a total transaction of $16,279.88.
• 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 transaction of $26,379.96.

indie Semiconductor Stock Performance

INDI opened at $2.56 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.73 and a quick ratio of 3.10. The company has a market capitalization of $562.25 million, a price-to-earnings ratio of -3.51 and a beta of 2.55. The business has a 50 day moving average price of $3.58 and a two-hundred day moving average price of $4.01. 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 earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The firm had revenue of $58.01 million for the quarter, compared to analyst estimates of $57.11 million. During the same period in the previous year, the company earned ($0.07) earnings per share. indie Semiconductor’s revenue was up .0% compared to the same quarter last year. Research analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INDI. UBS Group set a $4.25 price objective on indie Semiconductor in a research note on Sunday, February 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Thursday, January 22nd. Finally, Wall Street Zen downgraded indie Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.45.

Hedge Funds Weigh In On indie Semiconductor

A number of large investors have recently made changes to their positions in INDI. ProShare Advisors LLC lifted its position in shares of indie Semiconductor by 9.0% in the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company’s stock worth $142,000 after purchasing an additional 3,300 shares in the last quarter. Envestnet Asset Management Inc. grew its position in indie Semiconductor by 32.1% during the third quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock valued at $66,000 after purchasing an additional 3,921 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in indie Semiconductor by 27.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company’s stock valued at $71,000 after buying an additional 4,207 shares during the period. Cetera Investment Advisers increased its stake in indie Semiconductor by 20.5% in the 4th quarter. Cetera Investment Advisers now owns 25,683 shares of the company’s stock valued at $91,000 after buying an additional 4,365 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in indie Semiconductor by 33.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,136 shares of the company’s stock worth $68,000 after buying an additional 4,763 shares in the last quarter. 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.