Michael Wittmann Sells 40,625 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 40,625 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $3.59, for a total transaction of $145,843.75. Following the sale, the chief operating officer directly owned 115,922 shares in the company, valued at approximately $416,159.98. The trade was a 25.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Michael Wittmann also recently made the following trade(s):

• On Monday, August 31st, Michael Wittmann sold 17,045 shares of indie Semiconductor stock. The shares were sold at an average price of $3.72, for a total value of $63,407.40.
• On Friday, August 14th, Michael Wittmann sold 42,468 shares of indie Semiconductor stock. The shares were sold at an average price of $4.10, for a total value of $174,118.80.
• On Monday, July 6th, Michael Wittmann sold 6,250 shares of indie Semiconductor stock. The stock was sold at an average price of $4.67, for a total value of $29,187.50.
• On Thursday, July 2nd, Michael Wittmann sold 30,207 shares of indie Semiconductor stock. The stock was sold at an average price of $4.45, for a total value of $134,421.15.

indie Semiconductor Price Performance

indie Semiconductor stock opened at $3.60 on Friday. The company has a current ratio of 3.65, a quick ratio of 2.86 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $834.52 million, a PE ratio of -4.93 and a beta of 2.78. indie Semiconductor, Inc. has a 12 month low of $2.32 and a 12 month high of $6.05. The stock has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $3.74.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate 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 previous year, the business posted ($0.08) earnings per share. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. Analysts expect that indie Semiconductor, Inc. will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

indie Semiconductor News Roundup

Here are the key news stories impacting indie Semiconductor this week:

• Positive Sentiment: indie Semiconductor announced equity awards for newly hired employees under its 2023 Inducement Incentive Plan. The grants may signal continued investment in talent and product development for its automotive semiconductor business, including advanced driver-assistance systems and electric vehicles. indie Announces New Employee Inducement Grants
• Neutral Sentiment: Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $4.75. Recent quarterly revenue growth and a narrower year-over-year loss are constructive, but analysts still expect a full-year loss of approximately $0.53 per share.
• Negative Sentiment: Several senior executives sold shares, potentially weighing on investor sentiment. CEO Donald McClymont sold 13,384 shares, while COO Michael Wittmann sold 40,625 shares—reducing his direct ownership by 25.95%. indie Semiconductor insider trading activity
• Negative Sentiment: CFO Naixi Wu sold 27,171 shares across September 1–2, including 6,000 shares at an average price of $3.56 and 21,171 shares at $3.54. The transactions reduced her reported holdings and add to concerns about concentrated insider selling. SEC insider ownership filing
• Negative Sentiment: The employee inducement awards could increase share-based compensation and future dilution. Combined with continued losses, a negative net margin and substantial insider selling, the grants may limit the positive impact of the company’s revenue growth.

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.