indie Semiconductor (NASDAQ:INDI) CFO Naixi Wu Sells 21,171 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 21,171 shares of indie Semiconductor stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $3.54, for a total transaction of $74,945.34. Following the sale, the chief financial officer directly owned 153,183 shares in the company, valued at $542,267.82. This trade represents a 12.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction of $85,826.80.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $3.47 on Friday. The firm’s fifty day moving average price is $3.90 and its two-hundred day moving average price is $3.74. The stock has a market cap of $804.38 million, a PE ratio of -4.75 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 debt-to-equity ratio of 1.25, a quick ratio of 2.86 and a current ratio of 3.65.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $62.49 million. During the same period in the prior year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, equities analysts expect that indie Semiconductor, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Trading of indie Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. raised its position in indie Semiconductor by 7,163.7% during the 1st quarter. Optiver Holding B.V. now owns 8,208 shares of the company’s stock worth $26,000 after purchasing an additional 8,095 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of indie Semiconductor in the 1st quarter valued at about $35,000. Evergreen Capital Management LLC bought a new stake in shares of indie Semiconductor in the 2nd quarter valued at about $37,000. Caitong International Asset Management Co. Ltd increased its stake in shares of indie Semiconductor by 45,829.2% in the fourth 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 acquired a new stake in shares of indie Semiconductor in the second quarter valued at about $39,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

indie Semiconductor News Roundup

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

• Positive Sentiment: Despite the selling, analysts’ consensus price target of $4.75 remains above the recent trading range. The company’s latest quarterly revenue also rose 24% year over year to $64.01 million, exceeding estimates, while its per-share loss improved from the prior year.
• Neutral Sentiment: Institutional investors own approximately 67.7% of indie Semiconductor, indicating continued participation in its automotive semiconductor opportunity, including chips for electric vehicles, advanced driver-assistance systems and infotainment. However, most analyst ratings remain Hold or Neutral.
• Negative Sentiment: COO Michael Wittmann sold 40,625 shares for approximately $145,844 at an average price of $3.59, reducing his direct holding by 25.95%. This follows additional sales of 17,045 shares on August 31 and 42,468 shares on August 14. Insider Selling: indie Semiconductor COO Sells 40,625 Shares of Stock
• Negative Sentiment: CEO Donald McClymont sold 13,384 shares worth about $47,246, reducing his position by 2.71%. CFO Naixi Wu sold a combined 27,171 shares for roughly $96,305 across September 1–2, cutting her reported holdings by about 16%.
• Negative Sentiment: The concentration of selling by the CEO, CFO and COO may weigh on sentiment, particularly because INDI continues to post significant losses. Analysts expect a full-year loss of approximately $0.53 per share, and the stock remains well below its 52-week high of $6.05.

Wall Street Analyst Weigh In

INDI has been the subject of several research reports. Roth Capital set a $5.00 target price on indie Semiconductor in a research report on Friday, August 7th. TD Cowen boosted their price target on 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 raised indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a report on Friday, July 17th. 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 investment 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, indie Semiconductor presently has a consensus rating of “Hold” and an average target price of $4.75.

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.