indie Semiconductor (NASDAQ:INDI) Insider Sells $11,673.36 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) insider Thomas Schiller sold 3,138 shares of indie Semiconductor stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $3.72, for a total value of $11,673.36. Following the completion of the sale, the insider owned 487,167 shares of the company’s stock, valued at $1,812,261.24. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Thomas Schiller also recently made the following trade(s):

• On Thursday, July 2nd, Thomas Schiller sold 1,833 shares of indie Semiconductor stock. The stock was sold at an average price of $4.45, for a total value of $8,156.85.

indie Semiconductor Price Performance

INDI opened at $3.47 on Friday. The company’s 50-day simple moving average is $3.90 and its two-hundred day simple moving average is $3.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.86 and a current ratio of 3.65. The stock has a market capitalization of $804.38 million, a P/E ratio of -4.75 and a beta of 2.78. indie Semiconductor, Inc. has a 52-week low of $2.32 and a 52-week high of $6.05.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 32.02%. The firm had revenue of $64.01 million during the quarter, compared to analyst estimates of $62.49 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. As a group, analysts predict that indie Semiconductor, Inc. will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. grew its position in shares of indie Semiconductor by 7,163.7% during the 1st quarter. Optiver Holding B.V. now owns 8,208 shares of the company’s stock valued at $26,000 after acquiring an additional 8,095 shares during the period. Principal Financial Group Inc. bought a new position in indie Semiconductor in the 1st quarter worth $35,000. Evergreen Capital Management LLC purchased a new position in indie Semiconductor during the second quarter valued at $37,000. Caitong International Asset Management Co. Ltd lifted its position in indie Semiconductor by 45,829.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock valued at $39,000 after purchasing an additional 10,999 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in indie Semiconductor during the second quarter valued at about $39,000. 67.73% of the stock is currently owned by institutional investors.

indie Semiconductor News Roundup

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

• Positive Sentiment: Institutional ownership remains substantial at approximately 67.7%. California State Teachers’ Retirement System significantly increased its position during the second quarter, while several other investment firms initiated or expanded holdings, signaling continued institutional interest in indie’s automotive semiconductor business.
• Positive Sentiment: Analysts’ average price target is $4.75, above the recent trading range. TD Cowen, Roth Capital and UBS have set targets between $4.50 and $5.00, though ratings are generally Hold or Neutral rather than outright Buy.
• Positive Sentiment: The company’s latest quarterly revenue increased 24% year over year to $64.01 million, exceeding estimates of $62.49 million. Its quarterly loss of $0.05 per share matched consensus and improved from a $0.08 loss in the prior-year period.
• Neutral Sentiment: indie Semiconductor develops chips for electric vehicles, advanced driver-assistance systems, infotainment and digital instrument clusters. The long-term automotive technology opportunity remains attractive, but the company continues to report substantial losses, with analysts forecasting a full-year loss of approximately $0.53 per share.
• Negative Sentiment: Several senior executives sold shares in transactions dated September 1–2. CEO Donald McClymont sold 13,384 shares for about $47,246, CFO Naixi Wu sold a combined 27,171 shares for roughly $96,305, and COO Michael Wittmann sold 40,625 shares for approximately $145,844. These sales reduced their respective holdings by about 2.7%, 16.0% combined for the CFO’s reported transactions, and 26.0%.
• Negative Sentiment: Insider Thomas Schiller also sold 3,138 shares for approximately $11,673. The concentration of selling among multiple insiders can weigh on investor confidence, particularly while INDI remains unprofitable and trades below its 50-day moving average.

Analyst Ratings Changes

Several research firms have recently weighed in on INDI. Roth Capital set a $5.00 price target on indie Semiconductor in a report on Friday, August 7th. UBS Group lifted their price objective on indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a report on Friday, July 17th. Finally, TD Cowen boosted their price target on indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.75.

indie Semiconductor Company Profile

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.