indie Semiconductor (NASDAQ:INDI) CFO Sells $74,945.34 in Stock

indie Semiconductor, Inc. (NASDAQ:INDIGet Free Report) CFO Naixi Wu sold 21,171 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 153,183 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is available through this link.

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 value of $21,360.00.
  • On Monday, August 31st, Naixi Wu sold 23,170 shares of indie Semiconductor stock. The stock was sold at an average price of $3.72, for a total value 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 value of $85,826.80.

indie Semiconductor Stock Up 3.7%

Shares of NASDAQ INDI opened at $3.60 on Friday. The stock has a market cap of $834.52 million, a PE ratio of -4.93 and a beta of 2.78. The company has a quick ratio of 2.86, a current ratio of 3.65 and a debt-to-equity ratio of 1.25. indie Semiconductor, Inc. has a 52-week low of $2.32 and a 52-week high of $6.05. The business has a 50-day moving average price of $3.90 and a 200 day moving average price of $3.74.

indie Semiconductor (NASDAQ:INDIGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $64.01 million for the quarter, compared to the consensus estimate of $62.49 million. indie Semiconductor had a negative return on equity of 32.02% and a negative net margin of 65.18%.The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) EPS. Equities research analysts forecast that indie Semiconductor, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INDI. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Friday, July 17th. TD Cowen lifted their price objective on shares of indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a research note on Monday, July 13th. Roth Capital set a $5.00 target price on shares of indie Semiconductor in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given 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 $4.75.

View Our Latest Analysis on INDI

Institutional Investors Weigh In On indie Semiconductor

Several hedge funds have recently modified their holdings of INDI. Envestnet Asset Management Inc. grew its position in indie Semiconductor by 32.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock valued at $66,000 after buying an additional 3,921 shares during the last quarter. Cetera Investment Advisers raised its position in indie Semiconductor by 20.5% during the 4th 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 last quarter. Daiwa Securities Group Inc. lifted its stake in shares of indie Semiconductor by 33.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,136 shares of the company’s stock worth $68,000 after acquiring an additional 4,763 shares during the period. Abel Hall LLC boosted its holdings in shares of indie Semiconductor by 42.3% in the fourth quarter. Abel Hall LLC now owns 16,934 shares of the company’s stock valued at $60,000 after acquiring an additional 5,030 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of indie Semiconductor by 1.9% during the fourth quarter. Verition Fund Management LLC now owns 268,590 shares of the company’s stock worth $948,000 after acquiring an additional 5,055 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting indie Semiconductor

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

  • Positive Sentiment: indie Semiconductor announced equity awards for newly hired employees under its 2023 Inducement Incentive Plan. The grants may signal continued investment in talent and product development for its automotive semiconductor business, including advanced driver-assistance systems and electric vehicles. indie Announces New Employee Inducement Grants
  • Neutral Sentiment: Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $4.75. Recent quarterly revenue growth and a narrower year-over-year loss are constructive, but analysts still expect a full-year loss of approximately $0.53 per share.
  • Negative Sentiment: Several senior executives sold shares, potentially weighing on investor sentiment. CEO Donald McClymont sold 13,384 shares, while COO Michael Wittmann sold 40,625 shares—reducing his direct ownership by 25.95%. indie Semiconductor insider trading activity
  • Negative Sentiment: CFO Naixi Wu sold 27,171 shares across September 1–2, including 6,000 shares at an average price of $3.56 and 21,171 shares at $3.54. The transactions reduced her reported holdings and add to concerns about concentrated insider selling. SEC insider ownership filing
  • Negative Sentiment: The employee inducement awards could increase share-based compensation and future dilution. Combined with continued losses, a negative net margin and substantial insider selling, the grants may limit the positive impact of the company’s revenue growth.

indie Semiconductor Company Profile

(Get Free Report)

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

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