indie Semiconductor (NASDAQ:INDI) CFO Naixi Wu Sells 33,333 Shares of Company Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 33,333 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $2.05, for a total value of $68,332.65. Following the transaction, the chief financial officer owned 196,516 shares of the company’s stock, valued at $402,857.80. This trade represents a 14.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, November 2nd, Naixi Wu sold 6,250 shares of indie Semiconductor stock. The stock was sold at an average price of $1.59, for a total value of $9,937.50.
• On Monday, September 21st, Naixi Wu sold 3,750 shares of indie Semiconductor stock. The shares were sold at an average price of $3.18, for a total value of $11,925.00.
• On Wednesday, September 2nd, Naixi Wu sold 21,171 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $74,945.34.
• On Tuesday, September 1st, Naixi Wu sold 6,000 shares of indie Semiconductor stock. The stock was 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.

indie Semiconductor Price Performance

indie Semiconductor stock traded up $0.08 during trading hours on Tuesday, hitting $2.28. 14,346,579 shares of the company traded hands, compared to its average volume of 7,390,235. The firm has a market cap of $528.53 million, a P/E ratio of -3.17 and a beta of 3.10. The company has a quick ratio of 2.86, a current ratio of 3.37 and a debt-to-equity ratio of 1.28. The firm’s 50-day simple moving average is $2.54 and its two-hundred day simple moving average is $3.46. indie Semiconductor, Inc. has a 1-year low of $1.34 and a 1-year high of $5.49.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $70.24 million for the quarter, compared to the consensus estimate of $70.21 million. indie Semiconductor had a negative return on equity of 34.86% and a negative net margin of 61.02%. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) earnings per share. As a group, analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen dropped their target price on indie Semiconductor from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Monday, October 19th. B. Riley Financial decreased their price target on indie Semiconductor from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Thursday, October 15th. Finally, Roth Capital set a $5.00 price target on indie Semiconductor in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.94.

Institutional Investors Weigh In On indie Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Moody National Bank Trust Division lifted its stake in indie Semiconductor by 0.4% during the third quarter. Moody National Bank Trust Division now owns 1,000,840 shares of the company’s stock valued at $2,927,000 after purchasing an additional 3,816 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in indie Semiconductor by 42.0% during the third quarter. Global Retirement Partners LLC now owns 17,555 shares of the company’s stock worth $51,000 after buying an additional 5,196 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in indie Semiconductor by 37.7% during the first quarter. PNC Financial Services Group Inc. now owns 28,199 shares of the company’s stock worth $91,000 after buying an additional 7,724 shares in the last quarter. Bank of America Corp DE grew its position in indie Semiconductor by 0.9% in the first quarter. Bank of America Corp DE now owns 875,146 shares of the company’s stock worth $2,818,000 after buying an additional 7,875 shares during the last quarter. Finally, Optiver Holding B.V. grew its position in indie Semiconductor by 7,163.7% in the first quarter. Optiver Holding B.V. now owns 8,208 shares of the company’s stock worth $26,000 after buying an additional 8,095 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

indie Semiconductor Company Profile

indie Semiconductor, Inc. is a fabless semiconductor company that develops automotive technologies for advanced driver-assistance systems (ADAS), automated driving, in-cabin experiences, vehicle connectivity and electrification. Its products combine analog and mixed-signal circuits with digital processing and software for use in vehicle systems. The company’s offerings support applications such as radar, lidar, computer vision, ultrasonic sensing, audio and vehicle networking. Automakers and automotive suppliers use its technologies to help enable sensing, safety and other electronic functions in vehicles.