indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 20,100 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 20,100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $5.26, for a total transaction of $105,726.00. Following the sale, the president owned 106,169 shares of the company’s stock, valued at $558,448.94. The trade was a 15.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, May 22nd, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.02, for a total transaction of $251,000.00.
• 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 transaction 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 transaction 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 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $328,000.00.
• On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.17, for a total transaction of $158,500.00.

indie Semiconductor Trading Up 1.8%

Shares of NASDAQ:INDI opened at $5.16 on Thursday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -6.79 and a beta of 2.74. indie Semiconductor, Inc. has a 1-year low of $2.32 and a 1-year high of $6.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.39 and a current ratio of 4.11. The company has a 50 day moving average price of $3.61 and a 200 day moving average price of $3.71.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). indie Semiconductor had a negative net margin of 69.76% and a negative return on equity of 29.85%. The firm had revenue of $55.46 million during the quarter, compared to analyst estimates of $55.09 million. During the same quarter last year, the business posted ($0.08) EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, research analysts anticipate that indie Semiconductor, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On indie Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC purchased a new stake in indie Semiconductor in the 2nd quarter worth approximately $37,000. Principal Financial Group Inc. purchased a new stake in indie Semiconductor in the 1st quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd lifted its position in indie Semiconductor by 45,829.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock worth $39,000 after buying an additional 10,999 shares in the last quarter. Jump Financial LLC purchased a new stake in indie Semiconductor in the 2nd quarter worth approximately $39,000. Finally, Gainplan LLC purchased a new stake in indie Semiconductor in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Tuesday, April 21st. UBS Group raised their price objective on shares of indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.92.

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.