indie Semiconductor (NASDAQ:INDI) President Sells $2,401,872.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 454,900 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $5.28, for a total value of $2,401,872.00. Following the completion of the transaction, the president directly owned 106,169 shares in the company, valued at $560,572.32. The trade was a 81.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, May 27th, Ichiro Aoki sold 175,000 shares of indie Semiconductor stock. The shares were sold at an average price of $5.06, for a total value of $885,500.00.
• On Friday, May 29th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $5.05, for a total value of $505,000.00.
• On Friday, May 22nd, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $5.02, for a total value of $251,000.00.
• On Tuesday, May 26th, Ichiro Aoki sold 20,100 shares of indie Semiconductor stock. The shares were sold at an average price of $5.26, for a total value of $105,726.00.
• On Monday, May 11th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.78, for a total value of $239,000.00.
• On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were 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 shares were 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.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $4.99 on Monday. The firm has a market cap of $1.13 billion, a P/E ratio of -6.57 and a beta of 2.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.11 and a quick ratio of 3.39. The stock’s 50-day moving average is $3.72 and its 200-day moving average is $3.72. indie Semiconductor, Inc. has a one year low of $2.32 and a one year high of $6.05.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $55.46 million for the quarter, compared to analyst estimates of $55.09 million. indie Semiconductor had a negative return on equity of 29.85% and a negative net margin of 69.76%.indie Semiconductor’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. Sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.52 earnings per share for the current fiscal year.

More indie Semiconductor News

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

• Neutral Sentiment: indie Semiconductor announced new employee inducement grants, a routine equity compensation move that may help attract and retain talent. Article Title
• Neutral Sentiment: The company’s latest earnings were roughly in line with expectations, with modest revenue growth, but profitability remains negative and analysts expect another loss for the year.
• Negative Sentiment: President Ichiro Aoki disclosed several large stock sales in quick succession, including a 454,900-share sale, which has likely pressured shares as investors view the activity as a bearish insider signal. Article Title

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of INDI. Tudor Investment Corp ET AL bought a new position in indie Semiconductor in the third quarter valued at approximately $22,385,000. Elemental Capital Partners LLC boosted its stake in shares of indie Semiconductor by 60.0% during the 1st quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock worth $40,715,000 after acquiring an additional 4,741,680 shares during the period. Granahan Investment Management LLC boosted its stake in shares of indie Semiconductor by 17.8% during the 1st quarter. Granahan Investment Management LLC now owns 20,283,839 shares of the company’s stock worth $65,314,000 after acquiring an additional 3,067,255 shares during the period. Millennium Management LLC boosted its stake in shares of indie Semiconductor by 456.6% during the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock worth $7,535,000 after acquiring an additional 3,037,435 shares during the period. Finally, Wasatch Advisors LP boosted its stake in shares of indie Semiconductor by 130.0% during the 1st quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock worth $12,272,000 after acquiring an additional 2,154,279 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on INDI. Wall Street Zen raised 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 research report on Tuesday, April 21st. Finally, UBS Group lifted their target price on indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a research report on Friday, May 8th. Two 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 MarketBeat.com, indie Semiconductor currently has an average rating of “Hold” and an average price target of $6.92.

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.