indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) President Ichiro Aoki sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $3.44, for a total transaction of $86,000.00. Following the completion of the transaction, the president owned 82,634 shares in the company, valued at approximately $284,260.96. This represents a 23.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ichiro Aoki also recently made the following trade(s):
- On Monday, November 17th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.66, for a total transaction of $274,500.00.
- On Thursday, November 13th, Ichiro Aoki sold 250,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.92, for a total transaction of $980,000.00.
- On Friday, November 14th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.91, for a total transaction of $293,250.00.
- On Monday, September 8th, Ichiro Aoki sold 8,877 shares of indie Semiconductor stock. The stock was sold at an average price of $4.22, for a total value of $37,460.94.
- On Tuesday, September 2nd, Ichiro Aoki sold 4,770 shares of indie Semiconductor stock. The shares were sold at an average price of $4.25, for a total value of $20,272.50.
indie Semiconductor Stock Performance
Shares of NASDAQ INDI opened at $3.29 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.75 and a quick ratio of 3.18. indie Semiconductor, Inc. has a one year low of $1.53 and a one year high of $6.05. The business’s 50-day moving average price is $4.51 and its two-hundred day moving average price is $3.93. The company has a market capitalization of $722.58 million, a P/E ratio of -4.39 and a beta of 2.38.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in indie Semiconductor in the 3rd quarter worth $84,000. Worth Venture Partners LLC bought a new stake in indie Semiconductor during the third quarter valued at about $305,000. XTX Topco Ltd grew its position in shares of indie Semiconductor by 2.5% in the third quarter. XTX Topco Ltd now owns 219,802 shares of the company’s stock valued at $895,000 after purchasing an additional 5,377 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in shares of indie Semiconductor in the third quarter worth about $96,000. Finally, Bank of America Corp DE lifted its position in shares of indie Semiconductor by 42.2% during the 3rd quarter. Bank of America Corp DE now owns 884,904 shares of the company’s stock worth $3,602,000 after purchasing an additional 262,744 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
INDI has been the topic of several analyst reports. Wall Street Zen lowered shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Roth Capital reissued a “buy” rating and set a $8.00 target price on shares of indie Semiconductor in a research report on Wednesday, October 15th. Finally, UBS Group raised their target price on indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.60.
Read Our Latest Analysis on INDI
indie Semiconductor Company Profile
indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.
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