indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) President Ichiro Aoki sold 20,100 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $5.26, for a total value of $105,726.00. Following the completion of the transaction, the president directly owned 106,169 shares in the company, valued at approximately $558,448.94. The trade was a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ichiro Aoki also recently made the following trade(s):
- On Wednesday, May 27th, Ichiro Aoki sold 175,000 shares of indie Semiconductor stock. The shares were sold at an average price of $5.06, for a total value of $885,500.00.
- On Thursday, May 28th, Ichiro Aoki sold 454,900 shares of indie Semiconductor stock. The shares were sold at an average price of $5.28, for a total value of $2,401,872.00.
- On Friday, May 29th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $5.05, for a total value of $505,000.00.
- On Friday, May 22nd, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $5.02, for a total value of $251,000.00.
- On Monday, May 11th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.78, for a total value of $239,000.00.
- On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.40, for a total value of $440,000.00.
- On Monday, April 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.04, for a total value of $202,000.00.
- On Thursday, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total value of $153,990.00.
- On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.76, for a total value of $188,000.00.
- On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The stock was sold at an average price of $3.50, for a total value of $22,750.00.
indie Semiconductor Price Performance
Shares of INDI opened at $4.99 on Friday. The business’s 50-day moving average is $3.72 and its two-hundred day moving average is $3.73. The company has a market capitalization of $1.13 billion, a P/E ratio of -6.57 and a beta of 2.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.39 and a current ratio of 4.11. indie Semiconductor, Inc. has a fifty-two week low of $2.32 and a fifty-two week high of $6.05.
Institutional Investors Weigh In On indie Semiconductor
A number of institutional investors have recently modified their holdings of INDI. Tudor Investment Corp ET AL acquired a new stake in shares of indie Semiconductor during the 3rd quarter valued at about $22,385,000. Elemental Capital Partners LLC grew 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 acquiring an additional 4,741,680 shares during the period. Granahan Investment Management LLC grew its position in shares of indie Semiconductor by 17.8% during the 1st quarter. Granahan Investment Management LLC now owns 20,283,839 shares of the company’s stock valued at $65,314,000 after acquiring an additional 3,067,255 shares during the period. Millennium Management LLC grew its position in shares of indie Semiconductor by 456.6% during the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock valued at $7,535,000 after acquiring an additional 3,037,435 shares during the period. Finally, Wasatch Advisors LP grew its position in shares of indie Semiconductor by 130.0% during the 1st quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock valued at $12,272,000 after acquiring an additional 2,154,279 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting indie Semiconductor
Here are the key news stories impacting indie Semiconductor this week:
- Neutral Sentiment: indie Semiconductor announced new employee inducement grants, a routine equity compensation move that may help attract and retain talent. Article Title
- Neutral Sentiment: The company’s latest earnings were roughly in line with expectations, with modest revenue growth, but profitability remains negative and analysts expect another loss for the year.
- Negative Sentiment: President Ichiro Aoki disclosed several large stock sales in quick succession, including a 454,900-share sale, which has likely pressured shares as investors view the activity as a bearish insider signal. Article Title
Wall Street Analyst Weigh In
INDI has been the topic of several analyst reports. Wall Street Zen raised indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group increased their price target on indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.92.
View Our Latest Stock Report on INDI
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.
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