indie Semiconductor, Inc. $INDI Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE decreased its holdings in shares of indie Semiconductor, Inc. (NASDAQ:INDI) by 23.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 905,695 shares of the company’s stock after selling 280,046 shares during the period. Axiom Investors LLC DE’s holdings in indie Semiconductor were worth $3,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in INDI. Evergreen Capital Management LLC acquired a new position in shares of indie Semiconductor in the second quarter worth about $37,000. Gainplan LLC acquired a new position in shares of indie Semiconductor in the fourth quarter worth about $39,000. Jump Financial LLC acquired a new position in shares of indie Semiconductor in the second quarter worth about $39,000. CIBC Asset Management Inc acquired a new position in shares of indie Semiconductor in the fourth quarter worth about $42,000. Finally, M&T Bank Corp acquired a new position in shares of indie Semiconductor in the fourth quarter worth about $43,000. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

INDI has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a research report on Tuesday, April 21st. UBS Group increased 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. Finally, Wall Street Zen raised 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.92.

indie Semiconductor Stock Down 10.1%

Shares of NASDAQ:INDI opened at $4.02 on Wednesday. indie Semiconductor, Inc. has a 52 week low of $2.32 and a 52 week high of $6.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.39 and a current ratio of 4.11. The company’s fifty day moving average is $3.95 and its 200-day moving average is $3.76. The company has a market capitalization of $912.14 million, a PE ratio of -5.29 and a beta of 2.73.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $55.46 million during the quarter, compared to analysts’ expectations of $55.09 million. indie Semiconductor had a negative return on equity of 29.85% and a negative net margin of 69.76%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. Equities research analysts predict that indie Semiconductor, Inc. will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Ichiro Aoki sold 454,900 shares of the company’s stock in a transaction that occurred on 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 sale, the president 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 document filed with the SEC, which is available at this link. Also, CFO Naixi Wu sold 55,000 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $2.81, for a total value of $154,550.00. Following the completion of the sale, the chief financial officer owned 120,787 shares in the company, valued at approximately $339,411.47. This trade represents a 31.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,949,552 shares of company stock valued at $8,781,705. Insiders own 2.57% 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.