Michael Wittmann Sells 30,207 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 30,207 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $4.45, for a total transaction of $134,421.15. Following the completion of the sale, the chief operating officer directly owned 145,602 shares in the company, valued at approximately $647,928.90. The trade was a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, June 4th, Michael Wittmann sold 39,645 shares of indie Semiconductor stock. The stock was sold at an average price of $4.80, for a total value of $190,296.00.
• On Tuesday, June 2nd, Michael Wittmann sold 37,500 shares of indie Semiconductor stock. The stock was sold at an average price of $5.13, for a total value of $192,375.00.

indie Semiconductor Price Performance

Shares of NASDAQ INDI opened at $4.12 on Wednesday. The company has a quick ratio of 3.39, a current ratio of 4.11 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average price is $4.32 and its two-hundred day moving average price is $3.78. The company has a market cap of $934.83 million, a PE ratio of -5.42 and a beta of 2.75. indie Semiconductor, Inc. has a twelve month low of $2.32 and a twelve month high of $6.05.

indie Semiconductor (NASDAQ:INDI) last issued its earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $55.46 million during the quarter, compared to the consensus estimate of $55.09 million. indie Semiconductor had a negative return on equity of 29.85% and a negative net margin of 69.76%.The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. On average, analysts predict that indie Semiconductor, Inc. will post -0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Cowen began coverage on shares of indie Semiconductor in a research report on Wednesday, June 10th. They issued a “hold” rating and a $4.00 price objective on the stock. Wall Street Zen raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group upped their price target on shares of indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, indie Semiconductor currently has an average rating of “Hold” and a consensus price target of $5.58.

Key Stories Impacting indie Semiconductor

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

• Positive Sentiment: indie Semiconductor announced that it will report second-quarter 2026 results on August 6 and hold a conference call the same day, giving investors a clear near-term catalyst for updated guidance and business outlook. indie Sets Date for Second Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: The company also announced board changes, with Aoki retiring and Thomas Schiller being appointed, which is generally a governance update unless investors view it as part of a broader strategic shift. indie Semiconductor Announces Board Changes: Aoki Retires, Schiller Appointed
• Negative Sentiment: CEO Donald McClymont sold 126,496 shares, CFO Naixi Wu sold 19,640 shares, COO Michael Wittmann sold 30,207 shares, and director Thomas Schiller sold 1,833 shares, adding to concerns that insiders may be trimming exposure after a recent run-up in the stock. Naixi Wu Sells 19,640 Shares of indie Semiconductor (NASDAQ:INDI) Stock

Institutional Trading of indie Semiconductor

Institutional investors have recently bought and sold shares of the business. ArrowMark Colorado Holdings LLC acquired a new stake in shares of indie Semiconductor in the third quarter valued at approximately $3,931,000. Tudor Investment Corp ET AL bought a new stake in shares of indie Semiconductor in the third quarter valued at approximately $22,385,000. Wasatch Advisors LP grew its position in indie Semiconductor by 130.0% during 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% during 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 period. Finally, Elemental Capital Partners LLC increased its stake in indie Semiconductor by 3.8% during the 4th quarter. Elemental Capital Partners LLC now owns 7,902,713 shares of the company’s stock worth $27,897,000 after acquiring an additional 291,111 shares during the period. 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.