Naixi Wu Sells 10,386 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 10,386 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $4.44, for a total value of $46,113.84. Following the sale, the chief financial officer directly owned 67,542 shares in the company, valued at approximately $299,886.48. This trade represents a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Naixi Wu also recently made the following trade(s):

• On Wednesday, December 10th, Naixi Wu sold 10,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.53, for a total value of $45,300.00.
• On Friday, November 21st, Naixi Wu sold 7,096 shares of indie Semiconductor stock. The stock was sold at an average price of $3.30, for a total transaction of $23,416.80.
• On Tuesday, November 11th, Naixi Wu sold 5,261 shares of indie Semiconductor stock. The shares were sold at an average price of $4.18, for a total transaction of $21,990.98.

indie Semiconductor Price Performance

Shares of indie Semiconductor stock traded down $0.19 on Friday, reaching $4.29. 2,217,951 shares of the stock were exchanged, compared to its average volume of 4,116,750. The firm’s 50 day moving average is $4.53 and its 200-day moving average is $4.08. indie Semiconductor, Inc. has a one year low of $1.53 and a one year high of $6.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.18 and a current ratio of 3.75. The firm has a market cap of $942.21 million, a PE ratio of -5.72 and a beta of 2.59.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). indie Semiconductor had a negative net margin of 66.84% and a negative return on equity of 28.84%. The firm had revenue of $53.68 million during the quarter, compared to the consensus estimate of $53.98 million. During the same period last year, the business earned ($0.09) earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On indie Semiconductor

Several large investors have recently bought and sold shares of INDI. Fred Alger Management LLC acquired a new stake in shares of indie Semiconductor during the first quarter valued at about $2,527,000. Handelsbanken Fonder AB bought a new position in indie Semiconductor in the 2nd quarter valued at approximately $276,000. Geode Capital Management LLC raised its holdings in indie Semiconductor by 9.5% in the 2nd quarter. Geode Capital Management LLC now owns 4,573,560 shares of the company’s stock valued at $16,285,000 after buying an additional 396,433 shares during the last quarter. Invesco Ltd. boosted its position in indie Semiconductor by 105.4% during the 1st quarter. Invesco Ltd. now owns 191,717 shares of the company’s stock worth $390,000 after buying an additional 98,389 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in indie Semiconductor by 448.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,461 shares of the company’s stock worth $308,000 after acquiring an additional 70,691 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INDI has been the subject of a number of research analyst reports. Roth Capital reissued a “buy” rating and set a $8.00 price target on shares of indie Semiconductor in a report on Wednesday, October 15th. UBS Group lifted their target price on indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, indie Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.60.

About indie Semiconductor

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.