indie Semiconductor (NASDAQ:INDI) CEO Donald Mcclymont Sells 150,000 Shares

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 indie Semiconductor stock in a transaction on Friday, September 12th. The shares were sold at an average price of $3.87, for a total value of $580,500.00. Following the transaction, the chief executive officer owned 135,602 shares in the company, valued at $524,779.74. This trade represents a 52.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• 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 value of $177,180.92.

indie Semiconductor Price Performance

NASDAQ INDI traded down $0.07 on Tuesday, hitting $3.80. 3,525,965 shares of the company traded hands, compared to its average volume of 3,046,151. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 3.72. The business's 50 day moving average price is $4.21 and its 200-day moving average price is $3.13. indie Semiconductor, Inc. has a 52-week low of $1.53 and a 52-week high of $5.57.

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

Institutional Investors Weigh In On indie Semiconductor

Hedge funds have recently made changes to their positions in the company. Fred Alger Management LLC purchased a new stake in shares of indie Semiconductor in the first quarter worth about $2,527,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in indie Semiconductor by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,954 shares of the company's stock worth $1,069,000 after acquiring an additional 32,979 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in indie Semiconductor by 56.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,736 shares of the company's stock worth $326,000 after acquiring an additional 55,872 shares during the last quarter. Two Sigma Investments LP bought a new stake in indie Semiconductor during the fourth quarter worth approximately $386,000. Finally, Deutsche Bank AG increased its stake in indie Semiconductor by 169.0% during the fourth quarter. Deutsche Bank AG now owns 246,028 shares of the company's stock worth $996,000 after acquiring an additional 154,573 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen upgraded indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Saturday. Benchmark restated a "buy" rating and issued a $8.00 price objective (up from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $5.90.

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.

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