indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) CFO Naixi Wu sold 19,640 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $4.37, for a total transaction of $85,826.80. Following the completion of the sale, the chief financial officer directly owned 134,425 shares in the company, valued at approximately $587,437.25. The trade was a 12.75% 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, June 2nd, Naixi Wu sold 12,898 shares of indie Semiconductor stock. The stock was sold at an average price of $5.12, for a total transaction of $66,037.76.
- On Monday, June 1st, Naixi Wu sold 6,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.94, for a total transaction of $29,640.00.
- On Thursday, April 9th, Naixi Wu sold 55,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.81, for a total transaction of $154,550.00.
indie Semiconductor Trading Down 11.0%
Shares of INDI opened at $4.12 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.11 and a quick ratio of 3.39. The firm has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $3.78. indie Semiconductor, Inc. has a 1-year low of $2.32 and a 1-year high of $6.05. The stock has a market cap of $934.83 million, a price-to-earnings ratio of -5.42 and a beta of 2.75.
Institutional Investors Weigh In On indie Semiconductor
Several hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in shares of indie Semiconductor by 32.1% in the third quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock valued at $66,000 after purchasing an additional 3,921 shares during the period. Cetera Investment Advisers lifted its position in indie Semiconductor by 20.5% during the fourth quarter. Cetera Investment Advisers now owns 25,683 shares of the company’s stock worth $91,000 after buying an additional 4,365 shares during the period. Daiwa Securities Group Inc. lifted its position in indie Semiconductor by 33.1% during the second quarter. Daiwa Securities Group Inc. now owns 19,136 shares of the company’s stock worth $68,000 after buying an additional 4,763 shares during the period. Abel Hall LLC boosted its stake in indie Semiconductor by 42.3% in the 4th quarter. Abel Hall LLC now owns 16,934 shares of the company’s stock worth $60,000 after buying an additional 5,030 shares during the last quarter. Finally, Verition Fund Management LLC grew its holdings in indie Semiconductor by 1.9% in the 4th quarter. Verition Fund Management LLC now owns 268,590 shares of the company’s stock valued at $948,000 after buying an additional 5,055 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.
Key Headlines 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
Analyst Upgrades and Downgrades
INDI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Tuesday, April 21st. TD Cowen started coverage on shares of indie Semiconductor in a report on Wednesday, June 10th. They issued a “hold” rating and a $4.00 target price on the stock. Wall Street Zen raised shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, UBS Group lifted their price target on shares of indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.58.
View Our Latest Stock Analysis 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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