indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) President Ichiro Aoki sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $5.02, for a total value of $251,000.00. Following the completion of the sale, the president owned 106,169 shares in the company, valued at $532,968.38. The trade was a 32.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Ichiro Aoki also recently made the following trade(s):
- On Tuesday, May 26th, Ichiro Aoki sold 20,100 shares of indie Semiconductor stock. The shares were sold at an average price of $5.26, for a total value of $105,726.00.
- On Monday, May 11th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.78, for a total value of $239,000.00.
- On Thursday, April 30th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.40, for a total value of $440,000.00.
- On Monday, April 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $4.04, for a total value of $202,000.00.
- On Thursday, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total value of $153,990.00.
- On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.76, for a total value of $188,000.00.
- On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.50, for a total value of $22,750.00.
- On Monday, April 6th, Ichiro Aoki sold 3,506 shares of indie Semiconductor stock. The shares were sold at an average price of $2.99, for a total value of $10,482.94.
- 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.
indie Semiconductor Stock Up 1.8%
NASDAQ INDI traded up $0.09 during trading on Wednesday, hitting $5.16. The stock had a trading volume of 6,872,440 shares, compared to its average volume of 5,812,652. The company has a market capitalization of $1.17 billion, a PE ratio of -6.79 and a beta of 2.74. The company’s 50-day moving average price is $3.61 and its two-hundred day moving average price is $3.71. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.39 and a current ratio of 4.11. indie Semiconductor, Inc. has a 12 month low of $2.32 and a 12 month high of $6.05.
Analysts Set New Price Targets
Several research firms have weighed in on INDI. Wall Street Zen raised indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Tuesday, April 21st. Finally, UBS Group boosted their price target on indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.92.
Get Our Latest Stock Report on INDI
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in INDI. Vanguard Group Inc. increased its holdings in shares of indie Semiconductor by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company’s stock worth $62,203,000 after acquiring an additional 1,334,145 shares during the last quarter. ArrowMark Colorado Holdings LLC acquired a new position in shares of indie Semiconductor during the 3rd quarter worth approximately $3,931,000. Handelsbanken Fonder AB increased its holdings in shares of indie Semiconductor by 1,938.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,579,686 shares of the company’s stock worth $6,429,000 after acquiring an additional 1,502,175 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of indie Semiconductor during the 3rd quarter worth approximately $22,385,000. Finally, Elemental Capital Partners LLC increased its holdings in shares of indie Semiconductor by 3.8% during the 4th quarter. Elemental Capital Partners LLC now owns 7,902,713 shares of the company’s stock worth $27,897,000 after acquiring an additional 291,111 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
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.
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