Insider Selling: indie Semiconductor (NASDAQ:INDI) COO Sells $145,843.75 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 40,625 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $3.59, for a total value of $145,843.75. Following the completion of the transaction, the chief operating officer owned 115,922 shares of the company’s stock, valued at $416,159.98. The trade was a 25.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Wittmann also recently made the following trade(s):

• On Monday, August 31st, Michael Wittmann sold 17,045 shares of indie Semiconductor stock. The shares were sold at an average price of $3.72, for a total transaction of $63,407.40.
• On Friday, August 14th, Michael Wittmann sold 42,468 shares of indie Semiconductor stock. The stock was sold at an average price of $4.10, for a total transaction of $174,118.80.
• On Monday, July 6th, Michael Wittmann sold 6,250 shares of indie Semiconductor stock. The stock was sold at an average price of $4.67, for a total transaction of $29,187.50.
• On Thursday, July 2nd, Michael Wittmann sold 30,207 shares of indie Semiconductor stock. The shares were sold at an average price of $4.45, for a total transaction of $134,421.15.

indie Semiconductor Stock Performance

Shares of NASDAQ INDI opened at $3.60 on Friday. 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, 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 1.25, a quick ratio of 2.86 and a current ratio of 3.65. The firm’s fifty day moving average is $3.90 and its two-hundred day moving average is $3.74.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on INDI shares. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a report on Friday, July 17th. TD Cowen upped 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. Wall Street Zen upgraded indie Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Roth Capital set a $5.00 target price on shares of indie Semiconductor in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.75.

Hedge Funds Weigh In On indie Semiconductor

Large investors have recently modified their holdings of the stock. Optiver Holding B.V. lifted its position in indie Semiconductor by 7,163.7% in the first quarter. Optiver Holding B.V. now owns 8,208 shares of the company’s stock worth $26,000 after buying an additional 8,095 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of indie Semiconductor in the first quarter valued at $35,000. Evergreen Capital Management LLC bought a new stake in shares of indie Semiconductor in the 2nd quarter worth about $37,000. 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 purchasing an additional 10,999 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of indie Semiconductor during the 2nd quarter worth about $39,000. Institutional investors own 67.73% of the company’s stock.

Key Stories 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.

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.