Donald Mcclymont Sells 90,644 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CEO Donald Mcclymont sold 90,644 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $3.56, for a total transaction of $322,692.64. Following the completion of the sale, the chief executive officer owned 282,393 shares in the company, valued at $1,005,319.08. The trade was a 24.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Donald Mcclymont also recently made the following trade(s):

• On Monday, January 5th, Donald Mcclymont sold 82,957 shares of indie Semiconductor stock. The shares were sold at an average price of $3.67, for a total transaction of $304,452.19.
• On Monday, December 15th, Donald Mcclymont sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.09, for a total value of $409,000.00.
• On Tuesday, December 2nd, Donald Mcclymont sold 13,065 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total value of $46,250.10.

indie Semiconductor Stock Down 7.1%

Shares of INDI stock opened at $3.16 on Wednesday. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $6.05. The stock has a market cap of $694.03 million, a P/E ratio of -4.33 and a beta of 2.55. The stock has a 50 day moving average of $3.88 and a 200 day moving average of $4.18. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 28.81%. The business had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $57.11 million. During the same quarter last year, the company earned ($0.07) EPS. The business’s revenue was up .0% on a year-over-year basis. As a group, sell-side analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INDI. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Thursday, January 22nd. Wall Street Zen downgraded indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Finally, UBS Group set a $4.25 target price on shares of indie Semiconductor in a research note on Sunday, February 22nd. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $6.45.

indie Semiconductor News Roundup

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

• Positive Sentiment: Company announced a planned private offering of $150 million aggregate principal amount of convertible senior notes due 2031, which will provide material near-term liquidity to fund operations and growth initiatives. Investors should monitor the offering terms (conversion price, interest, covenants) to judge dilution and financing cost. indie Announces Proposed Convertible Senior Notes Offering
• Neutral Sentiment: Recent quarterly results: EPS matched consensus at ($0.07) and revenue ($58.0M) was roughly in line with estimates; however net margin remains deeply negative. Analysts are mixed — several buy ratings remain but some firms have cut coverage; the average target (~$6.45) implies upside vs. current levels but consensus EPS remains negative for the year. MarketBeat coverage and analyst notes
• Negative Sentiment: Significant insider selling: CEO, COO, CFO and the President disclosed sizable share sales on March 2–3 (CEO sold ~90.6k shares, COO ~37.5k, CFO ~17.2k, President ~4.6k). The magnitude and concentration of sales by top executives can be perceived as a negative signal about management’s near-term view of the stock and increases free-float. InsiderTrades summary of recent insider sales

Institutional Trading of indie Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of INDI. Nisa Investment Advisors LLC raised its holdings in shares of indie Semiconductor by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock worth $34,000 after acquiring an additional 7,536 shares during the period. Evergreen Capital Management LLC purchased a new position in indie Semiconductor during the second quarter worth about $37,000. Gainplan LLC acquired a new position in indie Semiconductor in the 4th quarter valued at about $39,000. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 valued at $39,000 after buying an additional 10,999 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of indie Semiconductor in the 2nd quarter valued at approximately $39,000. 67.73% of the stock is owned by institutional investors and hedge funds.

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.