indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 454,900 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 454,900 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $5.28, for a total transaction of $2,401,872.00. Following the completion of the transaction, the president directly owned 106,169 shares in the company, valued at $560,572.32. This represents a 81.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, May 27th, Ichiro Aoki sold 175,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.06, for a total transaction of $885,500.00.
• On Friday, May 29th, Ichiro Aoki sold 100,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.05, for a total transaction of $505,000.00.
• On Friday, May 22nd, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $5.02, for a total transaction of $251,000.00.
• 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $3.54, for a total transaction of $153,990.00.
• On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.76, for a total transaction of $188,000.00.
• On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The stock was sold at an average price of $3.50, for a total transaction of $22,750.00.

indie Semiconductor Price Performance

indie Semiconductor stock traded down $0.35 during mid-day trading on Friday, hitting $4.99. The company’s stock had a trading volume of 4,919,436 shares, compared to its average volume of 5,817,521. The company has a quick ratio of 3.39, a current ratio of 4.11 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.13 billion, a P/E ratio of -6.57 and a beta of 2.74. indie Semiconductor, Inc. has a twelve month low of $2.32 and a twelve month high of $6.05. The stock’s fifty day moving average price is $3.72 and its two-hundred day moving average price is $3.73.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $55.46 million for the quarter, compared to analyst estimates of $55.09 million. indie Semiconductor had a negative net margin of 69.76% and a negative return on equity of 29.85%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Research analysts forecast that indie Semiconductor, Inc. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on INDI shares. UBS Group lifted their price target on shares of indie Semiconductor from $4.25 to $4.75 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.92.

Hedge Funds Weigh In On indie Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in indie Semiconductor by 9.6% in the third quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company’s stock worth $62,203,000 after purchasing an additional 1,334,145 shares in the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in indie Semiconductor in the third quarter worth $3,931,000. Handelsbanken Fonder AB boosted its holdings in indie Semiconductor by 1,938.0% in the third quarter. Handelsbanken Fonder AB now owns 1,579,686 shares of the company’s stock worth $6,429,000 after purchasing an additional 1,502,175 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in indie Semiconductor in the third quarter worth $22,385,000. Finally, Elemental Capital Partners LLC boosted its holdings in indie Semiconductor by 3.8% in the fourth quarter. Elemental Capital Partners LLC now owns 7,902,713 shares of the company’s stock worth $27,897,000 after purchasing an additional 291,111 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other 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.