indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 3,506 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 3,506 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $2.99, for a total value of $10,482.94. Following the completion of the transaction, the president owned 106,169 shares in the company, valued at $317,445.31. This trade represents a 3.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $3.28, for a total value 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 value of $158,500.00.
• On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.83, for a total value of $141,500.00.
• 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 value of $128,500.00.
• On Monday, March 16th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $2.54, for a total value of $127,000.00.
• On Monday, March 2nd, Ichiro Aoki sold 4,573 shares of indie Semiconductor stock. The shares were sold at an average price of $3.56, for a total value of $16,279.88.

indie Semiconductor Stock Performance

INDI traded down $0.05 during trading on Tuesday, reaching $2.89. The company’s stock had a trading volume of 2,570,369 shares, compared to its average volume of 4,549,985. indie Semiconductor, Inc. has a 52-week low of $1.60 and a 52-week high of $6.05. The company’s fifty day moving average price is $3.28 and its 200-day moving average price is $3.93. The company has a market capitalization of $646.38 million, a price-to-earnings ratio of -3.96 and a beta of 2.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.10 and a current ratio of 3.73.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The company had revenue of $58.01 million for the quarter, compared to analyst estimates of $57.11 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INDI shares. Wall Street Zen lowered indie Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a report on Thursday, January 22nd. Finally, UBS Group set a $4.25 price objective on indie Semiconductor in a report on Sunday, February 22nd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.45.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors have recently modified their holdings of INDI. Evergreen Capital Management LLC purchased a new stake in shares of indie Semiconductor during the 2nd quarter worth approximately $37,000. Gainplan LLC purchased a new stake in shares of indie Semiconductor during the 4th quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of indie Semiconductor by 45,829.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company’s stock worth $39,000 after acquiring an additional 10,999 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of indie Semiconductor during the 2nd quarter worth approximately $39,000. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of indie Semiconductor during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

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.