indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 3,506 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 3,506 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $2.99, for a total value of $10,482.94. Following the transaction, the president directly owned 106,169 shares of the company’s stock, valued at $317,445.31. This represents a 3.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 26th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were 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 shares were sold at an average price of $3.17, for a total transaction of $158,500.00.
• On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.83, for a total transaction of $141,500.00.
• On Thursday, March 19th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.57, for a total transaction of $128,500.00.
• On Monday, March 16th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.54, for a total transaction of $127,000.00.
• On Monday, March 2nd, Ichiro Aoki sold 4,573 shares of indie Semiconductor stock. The stock was sold at an average price of $3.56, for a total transaction of $16,279.88.

indie Semiconductor Price Performance

NASDAQ INDI opened at $2.89 on Wednesday. indie Semiconductor, Inc. has a 1 year low of $1.60 and a 1 year high of $6.05. The business’s fifty day moving average is $3.28 and its two-hundred day moving average is $3.93. The stock has a market capitalization of $646.38 million, a P/E ratio of -3.96 and a beta of 2.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.10 and a current ratio of 3.73.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $58.01 million during the quarter, compared to analyst estimates of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS. On average, research analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INDI. Evergreen Capital Management LLC acquired a new position in indie Semiconductor during the second quarter valued at $37,000. Gainplan LLC acquired a new stake in indie Semiconductor during the 4th quarter worth about $39,000. Caitong International Asset Management Co. Ltd grew its stake in indie Semiconductor by 45,829.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock valued at $39,000 after acquiring an additional 10,999 shares in the last quarter. Jump Financial LLC purchased a new position in indie Semiconductor during the 2nd quarter valued at about $39,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of indie Semiconductor in the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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.