indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 50,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDIGet Free Report) President Ichiro Aoki sold 50,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $4.78, for a total transaction of $239,000.00. Following the transaction, the president directly owned 106,169 shares in the company, valued at $507,487.82. The trade was a 32.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • 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 stock was 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 shares were sold at an average price of $3.50, for a total value of $22,750.00.
  • On Monday, April 6th, Ichiro Aoki sold 3,506 shares of indie Semiconductor stock. The shares were sold at an average price of $2.99, for a total value of $10,482.94.
  • On Thursday, March 26th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.28, for a total value of $328,000.00.
  • On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.17, for a total value 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 shares were sold at an average price of $2.57, for a total transaction of $128,500.00.

indie Semiconductor Stock Down 2.2%

Shares of NASDAQ:INDI opened at $4.51 on Thursday. The company’s fifty day moving average is $3.25 and its two-hundred day moving average is $3.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.10 and a current ratio of 4.11. indie Semiconductor, Inc. has a 1-year low of $2.29 and a 1-year high of $6.05. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -5.93 and a beta of 2.74.

indie Semiconductor (NASDAQ:INDIGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). indie Semiconductor had a negative net margin of 69.76% and a negative return on equity of 29.85%. The business had revenue of $55.46 million during the quarter, compared to analyst estimates of $55.09 million. During the same period in the previous year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that indie Semiconductor, Inc. will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of indie Semiconductor in the first quarter valued at approximately $35,000. Evergreen Capital Management LLC acquired a new position in shares of indie Semiconductor during the second quarter worth approximately $37,000. Gainplan LLC acquired a new position in shares of indie Semiconductor during the fourth quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd grew its holdings in indie Semiconductor by 45,829.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock worth $39,000 after buying an additional 10,999 shares in the last quarter. Finally, Jump Financial LLC bought a new position in indie Semiconductor in the 2nd quarter worth approximately $39,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INDI has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. UBS Group raised their price target on indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.92.

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indie Semiconductor Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for indie Semiconductor (NASDAQ:INDI)

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