Naixi Wu Sells 21,171 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 21,171 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $3.54, for a total value of $74,945.34. Following the sale, the chief financial officer owned 153,183 shares in the company, valued at $542,267.82. The trade was a 12.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, September 1st, Naixi Wu sold 6,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.56, for a total transaction of $21,360.00.
• On Monday, August 31st, Naixi Wu sold 23,170 shares of indie Semiconductor stock. The shares were sold at an average price of $3.72, for a total transaction of $86,192.40.
• On Thursday, July 2nd, Naixi Wu sold 19,640 shares of indie Semiconductor stock. The stock was sold at an average price of $4.37, for a total transaction of $85,826.80.

indie Semiconductor Trading Up 3.7%

NASDAQ INDI opened at $3.60 on Friday. The firm has a market cap of $834.52 million, a PE ratio of -4.93 and a beta of 2.78. indie Semiconductor, Inc. has a 1-year low of $2.32 and a 1-year high of $6.05. The stock has a 50-day moving average of $3.90 and a 200-day moving average of $3.74. The company has a current ratio of 3.65, a quick ratio of 2.86 and a debt-to-equity ratio of 1.25.

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

Analyst Upgrades and Downgrades

INDI has been the subject of several recent research reports. Wall Street Zen raised indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen upped their target price on shares of indie Semiconductor from $4.00 to $4.50 and gave the stock a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Friday, July 17th. Roth Capital set a $5.00 price objective on shares of indie Semiconductor in a research note on Friday, August 7th. Finally, UBS Group upped their price objective on shares of indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.75.

Institutional Trading of indie Semiconductor

Several institutional investors have recently bought and sold shares of INDI. Elemental Capital Partners LLC raised its holdings in indie Semiconductor by 60.0% in the first quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock worth $40,715,000 after buying an additional 4,741,680 shares during the last quarter. Granahan Investment Management LLC grew its holdings in shares of indie Semiconductor by 17.8% during the first quarter. Granahan Investment Management LLC now owns 20,283,839 shares of the company’s stock valued at $65,314,000 after buying an additional 3,067,255 shares during the last quarter. Millennium Management LLC increased its position in shares of indie Semiconductor by 456.6% during the first quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock valued at $7,535,000 after acquiring an additional 3,037,435 shares in the last quarter. Wasatch Advisors LP increased its position in shares of indie Semiconductor by 130.0% during the first quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock valued at $12,272,000 after acquiring an additional 2,154,279 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in indie Semiconductor by 117.0% in the 4th quarter. Handelsbanken Fonder AB now owns 3,428,175 shares of the company’s stock worth $12,101,000 after acquiring an additional 1,848,489 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Key indie Semiconductor News

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

• Positive Sentiment: indie Semiconductor announced equity awards for newly hired employees under its 2023 Inducement Incentive Plan. The grants may signal continued investment in talent and product development for its automotive semiconductor business, including advanced driver-assistance systems and electric vehicles. indie Announces New Employee Inducement Grants
• Neutral Sentiment: Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $4.75. Recent quarterly revenue growth and a narrower year-over-year loss are constructive, but analysts still expect a full-year loss of approximately $0.53 per share.
• Negative Sentiment: Several senior executives sold shares, potentially weighing on investor sentiment. CEO Donald McClymont sold 13,384 shares, while COO Michael Wittmann sold 40,625 shares—reducing his direct ownership by 25.95%. indie Semiconductor insider trading activity
• Negative Sentiment: CFO Naixi Wu sold 27,171 shares across September 1–2, including 6,000 shares at an average price of $3.56 and 21,171 shares at $3.54. The transactions reduced her reported holdings and add to concerns about concentrated insider selling. SEC insider ownership filing
• Negative Sentiment: The employee inducement awards could increase share-based compensation and future dilution. Combined with continued losses, a negative net margin and substantial insider selling, the grants may limit the positive impact of the company’s revenue growth.

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.