indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) President Ichiro Aoki sold 75,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $3.66, for a total value of $274,500.00. Following the transaction, the president directly owned 82,634 shares in the company, valued at $302,440.44. This represents a 47.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ichiro Aoki also recently made the following trade(s):
- On Wednesday, November 19th, Ichiro Aoki sold 25,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.44, for a total value of $86,000.00.
- On Thursday, November 13th, Ichiro Aoki sold 250,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.92, for a total value of $980,000.00.
- On Friday, November 14th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were 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 shares were sold at an average price of $4.22, for a total transaction of $37,460.94.
- On Tuesday, September 2nd, Ichiro Aoki sold 4,770 shares of indie Semiconductor stock. The stock was sold at an average price of $4.25, for a total transaction of $20,272.50.
indie Semiconductor Stock Performance
NASDAQ:INDI traded down $0.01 during trading hours on Wednesday, hitting $3.43. 2,458,000 shares of the company were exchanged, compared to its average volume of 4,181,488. 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 52-week low of $1.53 and a 52-week high of $6.05. The stock has a market capitalization of $753.33 million, a price-to-earnings ratio of -4.57 and a beta of 2.38. The company’s 50 day moving average price is $4.54 and its 200-day moving average price is $3.93.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of INDI. ProShare Advisors LLC boosted its stake in shares of indie Semiconductor by 9.0% in the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company’s stock worth $142,000 after acquiring an additional 3,300 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in indie Semiconductor by 9.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company’s stock valued at $162,000 after purchasing an additional 3,898 shares during the last quarter. CWM LLC lifted its holdings in indie Semiconductor by 34.7% in the 2nd quarter. CWM LLC now owns 15,215 shares of the company’s stock valued at $54,000 after purchasing an additional 3,916 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in indie Semiconductor by 32.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock worth $66,000 after purchasing an additional 3,921 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in indie Semiconductor by 27.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company’s stock worth $71,000 after purchasing an additional 4,207 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have commented on INDI shares. Roth Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of indie Semiconductor in a research report on Wednesday, October 15th. UBS Group lifted their target price on indie Semiconductor from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Wall Street Zen lowered indie Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, indie Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $6.60.
Get Our Latest Stock Report on indie Semiconductor
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.
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