Insider Selling: indie Semiconductor (NASDAQ:INDI) CFO Sells $21,360.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $3.56, for a total value of $21,360.00. Following the completion of the sale, the chief financial officer directly owned 150,058 shares of the company’s stock, valued at $534,206.48. This trade represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Naixi Wu also recently made the following trade(s):

• On Wednesday, September 2nd, Naixi Wu sold 21,171 shares of indie Semiconductor stock. The stock was sold at an average price of $3.54, for a total value of $74,945.34.
• On Monday, August 31st, Naixi Wu sold 23,170 shares of indie Semiconductor stock. The stock was sold at an average price of $3.72, for a total value of $86,192.40.
• On Thursday, July 2nd, Naixi Wu sold 19,640 shares of indie Semiconductor stock. The stock was sold at an average price of $4.37, for a total value of $85,826.80.

indie Semiconductor Stock Performance

NASDAQ INDI opened at $3.60 on Friday. The company has a fifty day simple moving average of $3.90 and a 200 day simple moving average of $3.74. indie Semiconductor, Inc. has a 12-month low of $2.32 and a 12-month high of $6.05. The company has a current ratio of 3.65, a quick ratio of 2.86 and a debt-to-equity ratio of 1.25. The company has a market cap of $834.52 million, a P/E ratio of -4.93 and a beta of 2.78.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 32.02%. The firm had revenue of $64.01 million for the quarter, compared to the consensus estimate of $62.49 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The business’s revenue was up 24.0% on a year-over-year basis. Sell-side analysts predict that indie Semiconductor, Inc. will post -0.53 earnings per share for the current fiscal year.

Key Headlines Impacting indie Semiconductor

Here are the key news stories impacting indie Semiconductor this week:

• Positive Sentiment: indie Semiconductor announced equity awards for newly hired employees under its 2023 Inducement Incentive Plan. The grants may signal continued investment in talent and product development for its automotive semiconductor business, including advanced driver-assistance systems and electric vehicles. indie Announces New Employee Inducement Grants
• Neutral Sentiment: Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $4.75. Recent quarterly revenue growth and a narrower year-over-year loss are constructive, but analysts still expect a full-year loss of approximately $0.53 per share.
• Negative Sentiment: Several senior executives sold shares, potentially weighing on investor sentiment. CEO Donald McClymont sold 13,384 shares, while COO Michael Wittmann sold 40,625 shares—reducing his direct ownership by 25.95%. indie Semiconductor insider trading activity
• Negative Sentiment: CFO Naixi Wu sold 27,171 shares across September 1–2, including 6,000 shares at an average price of $3.56 and 21,171 shares at $3.54. The transactions reduced her reported holdings and add to concerns about concentrated insider selling. SEC insider ownership filing
• Negative Sentiment: The employee inducement awards could increase share-based compensation and future dilution. Combined with continued losses, a negative net margin and substantial insider selling, the grants may limit the positive impact of the company’s revenue growth.

Analysts Set New Price Targets

A number of research firms recently weighed in on INDI. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a report on Friday, July 17th. Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. TD Cowen boosted their price objective on indie Semiconductor from $4.00 to $4.50 and gave the stock a “hold” rating in a report on Monday, July 13th. Finally, Roth Capital set a $5.00 price objective on indie Semiconductor in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.75.

Institutional Trading of indie Semiconductor

Several institutional investors have recently made changes to their positions in INDI. Elemental Capital Partners LLC lifted its position in shares of indie Semiconductor by 60.0% during the first quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock valued at $40,715,000 after purchasing an additional 4,741,680 shares in the last quarter. Granahan Investment Management LLC boosted its holdings in indie Semiconductor by 17.8% during the first quarter. Granahan Investment Management LLC now owns 20,283,839 shares of the company’s stock worth $65,314,000 after purchasing an additional 3,067,255 shares during the last quarter. Millennium Management LLC grew its position in indie Semiconductor by 456.6% in the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock worth $7,535,000 after purchasing an additional 3,037,435 shares in the last quarter. Wasatch Advisors LP grew its position in indie Semiconductor by 130.0% in the 1st quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock worth $12,272,000 after purchasing an additional 2,154,279 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in indie Semiconductor by 117.0% in the 4th quarter. Handelsbanken Fonder AB now owns 3,428,175 shares of the company’s stock valued at $12,101,000 after buying an additional 1,848,489 shares during the last quarter. 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.