Insider Selling: indie Semiconductor (NASDAQ:INDI) President Sells $141,500.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $2.83, for a total transaction of $141,500.00. Following the sale, the president directly owned 100,952 shares of the company’s stock, valued at $285,694.16. This represents a 33.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $328,000.00.
• On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.17, for a total transaction of $158,500.00.
• On Thursday, March 19th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.57, for a total transaction of $128,500.00.
• On Monday, March 16th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.54, for a total transaction of $127,000.00.
• On Monday, March 2nd, Ichiro Aoki sold 4,573 shares of indie Semiconductor stock. The stock was sold at an average price of $3.56, for a total transaction of $16,279.88.
• On Monday, January 5th, Ichiro Aoki sold 7,188 shares of indie Semiconductor stock. The shares were sold at an average price of $3.67, for a total transaction of $26,379.96.

indie Semiconductor Stock Performance

Shares of INDI opened at $3.19 on Friday. The company has a current ratio of 3.73, a quick ratio of 3.10 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $713.48 million, a P/E ratio of -4.37 and a beta of 2.55. The firm’s fifty day simple moving average is $3.46 and its two-hundred day simple moving average is $3.97. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $6.05.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $58.01 million during the quarter, compared to analyst estimates of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted ($0.07) EPS. As a group, analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

INDI has been the subject of a number of research analyst reports. UBS Group set a $4.25 target price on indie Semiconductor in a report on Sunday, February 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Five equities 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 company’s stock. According to MarketBeat, indie Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $6.45.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Primecap Management Co. CA increased its position in shares of indie Semiconductor by 3.0% during the fourth quarter. Primecap Management Co. CA now owns 29,774,708 shares of the company’s stock worth $105,105,000 after acquiring an additional 873,940 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of indie Semiconductor by 23.5% in the 2nd quarter. Bamco Inc. NY now owns 25,294,776 shares of the company’s stock worth $90,049,000 after acquiring an additional 4,813,397 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in indie Semiconductor by 29.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company’s stock valued at $63,940,000 after acquiring an additional 4,139,349 shares in the last quarter. Vanguard Group Inc. lifted its position in indie Semiconductor by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,493,648 shares of the company’s stock valued at $54,693,000 after acquiring an additional 210,463 shares in the last quarter. Finally, Elemental Capital Partners LLC boosted its stake in indie Semiconductor by 3.8% during the 4th quarter. Elemental Capital Partners LLC now owns 7,902,713 shares of the company’s stock valued at $27,897,000 after purchasing an additional 291,111 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

About indie Semiconductor

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.