indie Semiconductor (NASDAQ:INDI) President Ichiro Aoki Sells 100,000 Shares

Key Points

• Ichiro Aoki sold 100,000 shares on April 30 at an average of $4.40 (about $440,000) and has sold multiple tranches this quarter, leaving him with 106,169 shares—a roughly 48.50% decrease in his ownership.
• The stock traded down 2.7% to $4.39 on Friday; indie reported EPS of ($0.07) on $58.01M in revenue, has a market cap near $982M, and shows negative net margin and return on equity.
• Despite insider selling, institutional investors have been buying—67.73% of shares are institutionally held with large new stakes from Elemental Capital, Tudor, Millennium and Wasatch—and analysts carry a consensus "Moderate Buy" with a $6.45 target.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 100,000 shares of the business's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $4.40, for a total transaction of $440,000.00. Following the sale, the president directly owned 106,169 shares of the company's stock, valued at $467,143.60. This represents a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, April 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The stock was sold at an average price of $4.04, for a total transaction of $202,000.00.
• On Thursday, April 23rd, Ichiro Aoki sold 43,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $153,990.00.
• On Friday, April 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.76, for a total transaction of $188,000.00.
• On Tuesday, April 21st, Ichiro Aoki sold 6,500 shares of indie Semiconductor stock. The shares were sold at an average price of $3.50, for a total transaction of $22,750.00.
• 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 transaction 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 transaction of $328,000.00.
• On Friday, March 27th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.17, for a total transaction of $158,500.00.
• On Tuesday, March 24th, Ichiro Aoki sold 50,000 shares of indie Semiconductor stock. The shares were 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.

indie Semiconductor Trading Down 2.7%

INDI traded down $0.12 during trading on Friday, hitting $4.39. 4,124,589 shares of the stock were exchanged, compared to its average volume of 4,710,718. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.10 and a current ratio of 3.73. The firm has a 50 day simple moving average of $3.12 and a 200 day simple moving average of $3.84. The firm has a market cap of $981.87 million, a price-to-earnings ratio of -6.01 and a beta of 2.74. indie Semiconductor, Inc. has a 1 year low of $1.94 and a 1 year high of $6.05.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $58.01 million during the quarter, compared to analysts' expectations of $57.11 million. indie Semiconductor had a negative return on equity of 29.33% and a negative net margin of 66.23%.The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) EPS. As a group, equities analysts expect that indie Semiconductor, Inc. will post -0.44 EPS for the current year.

Institutional Investors Weigh In On indie Semiconductor

A number of hedge funds have recently made changes to their positions in INDI. Elemental Capital Partners LLC bought a new stake in indie Semiconductor during the third quarter valued at about $30,979,000. Tudor Investment Corp ET AL bought a new position in indie Semiconductor in the third quarter worth about $22,385,000. Millennium Management LLC lifted its position in shares of indie Semiconductor by 456.6% during the first quarter. Millennium Management LLC now owns 3,702,671 shares of the company's stock valued at $7,535,000 after buying an additional 3,037,435 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of indie Semiconductor by 130.0% in the 1st quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company's stock valued at $12,272,000 after buying an additional 2,154,279 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of 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 in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on INDI shares. UBS Group set a $4.25 target price on shares of indie Semiconductor in a research report on Sunday, February 22nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of indie Semiconductor in a research report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $6.45.

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.

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