indie Semiconductor (NASDAQ:INDI) CFO Naixi Wu Sells 3,750 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 3,750 shares of indie Semiconductor stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $3.18, for a total transaction of $11,925.00. Following the sale, the chief financial officer owned 156,933 shares of the company’s stock, valued at $499,046.94. The trade was a 2.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 stock was sold at an average price of $3.56, for a total value of $21,360.00.
• On Monday, August 31st, Naixi Wu sold 23,170 shares of indie Semiconductor stock. The shares were sold at an average price of $3.72, for a total value of $86,192.40.
• On Thursday, July 2nd, Naixi Wu sold 19,640 shares of indie Semiconductor stock. The shares were sold at an average price of $4.37, for a total value of $85,826.80.

indie Semiconductor Stock Down 0.3%

INDI traded down $0.01 on Tuesday, reaching $3.20. The company’s stock had a trading volume of 4,507,727 shares, compared to its average volume of 4,688,135. The stock has a 50 day moving average of $3.64 and a two-hundred day moving average of $3.72. The company has a market capitalization of $741.79 million, a price-to-earnings ratio of -4.38 and a beta of 2.78. indie Semiconductor, Inc. has a fifty-two week low of $2.32 and a fifty-two week high of $6.05. The company has a quick ratio of 2.86, a current ratio of 3.65 and a debt-to-equity ratio of 1.25.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Madison Asset Management LLC bought a new position in indie Semiconductor during the 2nd quarter valued at approximately $2,310,000. Dimensional Fund Advisors LP lifted its stake in shares of indie Semiconductor by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,873,776 shares of the company’s stock valued at $6,033,000 after buying an additional 308,620 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of indie Semiconductor by 130.0% in the first quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock worth $12,272,000 after buying an additional 2,154,279 shares in the last quarter. General American Investors Co. Inc. increased its stake in indie Semiconductor by 14.7% in the 4th quarter. General American Investors Co. Inc. now owns 1,954,849 shares of the company’s stock worth $6,901,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Elemental Capital Partners LLC increased its position in shares of indie Semiconductor by 60.0% during the 1st quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock valued at $40,715,000 after purchasing an additional 4,741,680 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Roth Capital set a $5.00 target price on 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. Finally, TD Cowen upped their price target on shares of indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a research note on Monday, July 13th. One research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.75.

About indie Semiconductor

indie Semiconductor, Inc develops semiconductor and software solutions for the automotive industry. Its technology is designed to support advanced driver-assistance systems (ADAS), autonomous-driving applications, vehicle connectivity, and in-cabin user experiences.

The company’s product portfolio includes radar and lidar components, computer-vision processors, automotive imaging solutions, wireless connectivity products, audio and voice-processing technologies, and power-management devices.