indie Semiconductor (NASDAQ:INDI) CEO Sells $580,500.00 in Stock

Key Points

• Donald Mcclymont, CEO of indie Semiconductor, sold 150,000 shares of the company's stock at an average price of $3.87, resulting in a significant 52.52% decrease in his ownership.
• The company reported earnings of ($0.08) per share for the most recent quarter, with revenue slightly below expectations at $51.63 million, down 1.5% compared to the same quarter last year.
• Indie Semiconductor's stock has a 52-week low of $1.53 and a high of $5.57, with its current trading price around $3.80.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CEO Donald Mcclymont sold 150,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $3.87, for a total transaction of $580,500.00. Following the sale, the chief executive officer directly owned 135,602 shares of the company's stock, valued at $524,779.74. The trade was a 52.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Donald Mcclymont also recently made the following trade(s):

• On Monday, September 15th, Donald Mcclymont sold 11,300 shares of indie Semiconductor stock. The shares were sold at an average price of $4.00, for a total transaction of $45,200.00.
• On Monday, September 8th, Donald Mcclymont sold 41,986 shares of indie Semiconductor stock. The shares were sold at an average price of $4.22, for a total transaction of $177,180.92.

indie Semiconductor Stock Down 4.2%

NASDAQ:INDI traded down $0.16 during midday trading on Friday, reaching $3.63. 8,745,499 shares of the stock traded hands, compared to its average volume of 3,271,632. indie Semiconductor, Inc. has a 12-month low of $1.53 and a 12-month high of $5.57. The business has a 50-day moving average of $4.21 and a two-hundred day moving average of $3.16. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.72 and a current ratio of 4.34. The stock has a market capitalization of $784.70 million, a PE ratio of -4.32 and a beta of 2.31.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, meeting analysts' consensus estimates of ($0.08). indie Semiconductor had a negative net margin of 71.98% and a negative return on equity of 28.43%. The company had revenue of $51.63 million during the quarter, compared to analysts' expectations of $51.40 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. indie Semiconductor's revenue for the quarter was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Benchmark restated a "buy" rating and set a $8.00 price target (up previously from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Wall Street Zen upgraded shares of indie Semiconductor from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $5.90.

Institutional Trading of indie Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Trust acquired a new stake in indie Semiconductor during the second quarter valued at $120,000. Squarepoint Ops LLC grew its position in indie Semiconductor by 122.2% during the second quarter. Squarepoint Ops LLC now owns 191,677 shares of the company's stock valued at $682,000 after buying an additional 105,420 shares during the period. Caxton Associates LLP acquired a new stake in indie Semiconductor during the second quarter valued at $887,000. Evergreen Capital Management LLC acquired a new stake in indie Semiconductor during the second quarter valued at $37,000. Finally, Tower Research Capital LLC TRC grew its position in indie Semiconductor by 276.4% during the second quarter. Tower Research Capital LLC TRC now owns 19,443 shares of the company's stock valued at $69,000 after buying an additional 14,277 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

indie Semiconductor Company Profile

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.