Thomas Schiller Sells 3,138 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) insider Thomas Schiller sold 3,138 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $3.72, for a total transaction of $11,673.36. Following the completion of the transaction, the insider directly owned 487,167 shares in the company, valued at $1,812,261.24. The trade was a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Thomas Schiller also recently made the following trade(s):

• On Thursday, July 2nd, Thomas Schiller sold 1,833 shares of indie Semiconductor stock. The shares were sold at an average price of $4.45, for a total transaction of $8,156.85.

indie Semiconductor Stock Performance

Shares of INDI stock opened at $3.57 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.86 and a current ratio of 3.65. The firm has a market cap of $827.56 million, a P/E ratio of -4.89 and a beta of 2.78. The firm’s 50 day moving average price is $3.91 and its 200-day moving average price is $3.75. indie Semiconductor, Inc. has a one year low of $2.32 and a one year high of $6.05.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). indie Semiconductor had a negative return on equity of 32.02% and a negative net margin of 65.18%.The company had revenue of $64.01 million for the quarter, compared to analysts’ expectations of $62.49 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. The firm’s revenue was up 24.0% compared to the same quarter last year. As a group, equities research analysts predict that indie Semiconductor, Inc. will post -0.53 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on INDI. Wall Street Zen raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group increased their target price on shares of indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Friday, July 17th. Roth Capital set a $5.00 price objective on indie Semiconductor in a research note on Friday, August 7th. Finally, TD Cowen lifted their target price on indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, indie Semiconductor has an average rating of “Hold” and an average price target of $4.75.

Institutional Investors Weigh In On indie Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its position in shares of indie Semiconductor by 486.9% during the 2nd quarter. California State Teachers Retirement System now owns 1,071,494 shares of the company’s stock worth $4,811,000 after purchasing an additional 888,933 shares during the last quarter. Teza Capital Management LLC purchased a new position in indie Semiconductor in the second quarter valued at $436,000. Madison Asset Management LLC purchased a new position in indie Semiconductor in the second quarter valued at $2,310,000. FNY Investment Advisers LLC acquired a new stake in indie Semiconductor in the second quarter valued at $449,000. Finally, Moody National Bank Trust Division raised its stake in indie Semiconductor by 5.3% in the second quarter. Moody National Bank Trust Division now owns 997,024 shares of the company’s stock valued at $4,477,000 after buying an additional 50,364 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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.