Ichiro Aoki Sells 50,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDIGet Free Report) President Ichiro Aoki sold 50,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $4.78, for a total value of $239,000.00. Following the sale, the president owned 106,169 shares in the company, valued at $507,487.82. The trade was a 32.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ichiro Aoki also recently made the following trade(s):

  • On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.40, for a total value of $440,000.00.
  • On Monday, April 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.04, for a total value of $202,000.00.
  • On Thursday, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total value of $153,990.00.
  • On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.76, for a total value of $188,000.00.
  • On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The stock was sold at an average price of $3.50, for a total value of $22,750.00.
  • On Monday, April 6th, Ichiro Aoki sold 3,506 shares of indie Semiconductor stock. The stock was sold at an average price of $2.99, for a total value of $10,482.94.
  • On Thursday, March 26th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.28, for a total value of $328,000.00.
  • On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.17, for a total value of $158,500.00.
  • On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.83, for a total value of $141,500.00.
  • On Thursday, March 19th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.57, for a total value of $128,500.00.

indie Semiconductor Stock Down 4.2%

Shares of indie Semiconductor stock opened at $4.32 on Friday. The company has a current ratio of 4.11, a quick ratio of 3.10 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $3.28 and its 200-day simple moving average is $3.76. The stock has a market capitalization of $966.22 million, a price-to-earnings ratio of -5.68 and a beta of 2.74. indie Semiconductor, Inc. has a twelve month low of $2.29 and a twelve month high of $6.05.

indie Semiconductor (NASDAQ:INDIGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $55.46 million for the quarter, compared to analysts’ expectations of $55.09 million. indie Semiconductor had a negative return on equity of 29.85% and a negative net margin of 69.76%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. Equities research analysts forecast that indie Semiconductor, Inc. will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on INDI shares. UBS Group increased 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. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, indie Semiconductor currently has an average rating of “Hold” and a consensus price target of $6.92.

Check Out Our Latest Report on indie Semiconductor

Hedge Funds Weigh In On indie Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mizuho Markets Americas LLC boosted its stake in indie Semiconductor by 10.7% during the 1st quarter. Mizuho Markets Americas LLC now owns 784,675 shares of the company’s stock valued at $2,527,000 after purchasing an additional 75,550 shares in the last quarter. First Trust Advisors LP boosted its stake in indie Semiconductor by 81.5% during the 1st quarter. First Trust Advisors LP now owns 339,424 shares of the company’s stock valued at $1,093,000 after purchasing an additional 152,463 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in indie Semiconductor by 37.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,199 shares of the company’s stock valued at $91,000 after purchasing an additional 7,724 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in indie Semiconductor by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,873,776 shares of the company’s stock valued at $6,033,000 after purchasing an additional 308,620 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of indie Semiconductor by 2.4% during the 1st quarter. Swiss National Bank now owns 400,900 shares of the company’s stock worth $1,291,000 after acquiring an additional 9,400 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

About indie Semiconductor

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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.

Further Reading

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