indie Semiconductor (NASDAQ:INDI) CFO Naixi Wu Sells 10,000 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $4.53, for a total value of $45,300.00. Following the sale, the chief financial officer directly owned 77,928 shares in the company, valued at approximately $353,013.84. This trade represents a 11.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, December 11th, Naixi Wu sold 10,386 shares of indie Semiconductor stock. The stock was sold at an average price of $4.44, for a total value of $46,113.84.
• On Friday, November 21st, Naixi Wu sold 7,096 shares of indie Semiconductor stock. The shares were sold at an average price of $3.30, for a total value of $23,416.80.
• On Tuesday, November 11th, Naixi Wu sold 5,261 shares of indie Semiconductor stock. The shares were sold at an average price of $4.18, for a total value of $21,990.98.

indie Semiconductor Stock Performance

NASDAQ:INDI opened at $4.29 on Friday. The stock’s 50-day moving average is $4.53 and its 200-day moving average is $4.09. indie Semiconductor, Inc. has a 1-year low of $1.53 and a 1-year high of $6.05. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86. The stock has a market cap of $942.21 million, a P/E ratio of -5.72 and a beta of 2.59.

indie Semiconductor (NASDAQ:INDI) last posted its earnings results on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). indie Semiconductor had a negative return on equity of 28.84% and a negative net margin of 66.84%.The business had revenue of $53.68 million for the quarter, compared to analyst estimates of $53.98 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on INDI. UBS Group increased their price objective on indie Semiconductor from $4.50 to $5.00 and gave the company 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. Roth Capital restated a “buy” rating and set a $8.00 price objective on shares of indie Semiconductor in a research report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.60.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in INDI. ProShare Advisors LLC lifted its stake in shares of indie Semiconductor by 9.0% in the 2nd quarter. ProShare Advisors LLC now owns 39,775 shares of the company’s stock valued at $142,000 after purchasing an additional 3,300 shares during the period. Los Angeles Capital Management LLC increased its holdings in indie Semiconductor by 9.3% in the second quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company’s stock worth $162,000 after purchasing an additional 3,898 shares in the last quarter. CWM LLC lifted its stake in indie Semiconductor by 34.7% in the second quarter. CWM LLC now owns 15,215 shares of the company’s stock valued at $54,000 after buying an additional 3,916 shares during the period. Envestnet Asset Management Inc. lifted its stake in indie Semiconductor by 32.1% in the third quarter. Envestnet Asset Management Inc. now owns 16,118 shares of the company’s stock valued at $66,000 after buying an additional 3,921 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of 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 buying an additional 4,207 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

indie Semiconductor Company Profile

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.