Ichiro Aoki Sells 6,500 Shares of indie Semiconductor (NASDAQ:INDI) Stock

Key Points

• Ichiro Aoki, president of indie Semiconductor, sold 6,500 shares on April 21 at $3.50 per share for about $22,750, leaving him with 106,169 shares (a 5.77% reduction in his ownership).
• He has executed multiple large sales in March–April — including a 100,000-share sale and several 50,000-share blocks — totaling hundreds of thousands of shares sold over the period.
• indie Semiconductor trades near $3.43 (up 0.9%), has negative recent EPS and a forecasted -0.44 EPS for the year, and carries a consensus Moderate Buy rating with an average price target of $6.45 and a market cap of about $767 million.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 6,500 shares of the company's stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $3.50, for a total value of $22,750.00. Following the completion of the transaction, the president directly owned 106,169 shares in the company, valued at approximately $371,591.50. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, April 6th, Ichiro Aoki sold 3,506 shares of indie Semiconductor stock. The stock was 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 stock was 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 stock was sold at an average price of $3.17, for a total value of $158,500.00.
• On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.83, for a total value of $141,500.00.
• On Thursday, March 19th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.57, for a total value of $128,500.00.
• On Monday, March 16th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $2.54, for a total value of $127,000.00.
• On Monday, March 2nd, Ichiro Aoki sold 4,573 shares of indie Semiconductor stock. The stock was sold at an average price of $3.56, for a total value of $16,279.88.

indie Semiconductor Stock Up 0.9%

Shares of INDI traded up $0.03 during trading hours on Thursday, hitting $3.43. 7,559,973 shares of the company were exchanged, compared to its average volume of 2,927,594. The company has a market cap of $767.15 million, a PE ratio of -4.70 and a beta of 2.56. The firm's 50 day moving average is $3.08 and its 200-day moving average is $3.86. indie Semiconductor, Inc. has a 52 week low of $1.90 and a 52 week high of $6.05. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.10 and a current ratio of 3.73.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $58.01 million during the quarter, compared to the consensus estimate of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The firm's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) EPS. On average, equities research analysts forecast that indie Semiconductor, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Trading of indie Semiconductor

Several hedge funds have recently added to or reduced their stakes in INDI. Elemental Capital Partners LLC bought a new stake in indie Semiconductor during the 3rd quarter valued at approximately $30,979,000. Tudor Investment Corp ET AL bought a new stake in indie Semiconductor during the 3rd quarter valued at approximately $22,385,000. Millennium Management LLC boosted its stake in indie Semiconductor by 456.6% during the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company's stock valued at $7,535,000 after purchasing an additional 3,037,435 shares during the period. Wasatch Advisors LP boosted its stake in indie Semiconductor by 130.0% during the 1st quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company's stock valued at $12,272,000 after purchasing an additional 2,154,279 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in indie Semiconductor by 117.0% during the 4th quarter. Handelsbanken Fonder AB now owns 3,428,175 shares of the company's stock valued at $12,101,000 after purchasing an additional 1,848,489 shares during the period. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INDI. UBS Group set a $4.25 price target on indie Semiconductor in a research note on Sunday, February 22nd. Weiss Ratings restated a "sell (d-)" rating on shares of indie Semiconductor in a research note on Tuesday. Five 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.45.

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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