indie Semiconductor (NASDAQ:INDI) President Sells $20,272.50 in Stock

Key Points

• Ichiro Aoki, President of indie Semiconductor, sold 4,770 shares of stock for a total of $20,272.50, decreasing his ownership position by 6.63% to 67,195 shares valued at $285,578.75.
• indie Semiconductor reported a revenue of $51.63 million for the last quarter, slightly above analyst estimates, but with a negative net margin of 71.98% and a forecast of -0.54 EPS for the current year.
• Institutional investors own 67.73% of indie Semiconductor, with several firms, including ProShare Advisors and Los Angeles Capital Management, increasing their holdings in the second quarter.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 4,770 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $4.25, for a total transaction of $20,272.50. Following the transaction, the president owned 67,195 shares in the company, valued at $285,578.75. This trade represents a 6.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

indie Semiconductor Trading Down 1.1%

Shares of INDI traded down $0.05 during trading hours on Wednesday, reaching $4.31. 2,022,008 shares of the company traded hands, compared to its average volume of 3,891,609. The firm has a market cap of $931.69 million, a price-to-earnings ratio of -5.13 and a beta of 2.31. indie Semiconductor, Inc. has a 12-month low of $1.53 and a 12-month high of $5.57. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81. The stock's fifty day moving average price is $4.15 and its 200 day moving average price is $3.11.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. ProShare Advisors LLC raised its holdings in shares of indie Semiconductor by 9.0% during the second quarter. ProShare Advisors LLC now owns 39,775 shares of the company's stock worth $142,000 after purchasing an additional 3,300 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of indie Semiconductor by 9.3% during the second quarter. Los Angeles Capital Management LLC now owns 45,619 shares of the company's stock worth $162,000 after purchasing an additional 3,898 shares during the last quarter. CWM LLC raised its holdings in shares of indie Semiconductor by 34.7% during the second quarter. CWM LLC now owns 15,215 shares of the company's stock worth $54,000 after purchasing an additional 3,916 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of indie Semiconductor by 27.0% during the second quarter. Ameritas Investment Partners Inc. now owns 19,804 shares of the company's stock worth $71,000 after purchasing an additional 4,207 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of indie Semiconductor by 32.7% during the first quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock worth $36,000 after purchasing an additional 4,400 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

INDI has been the subject of a number of research reports. Craig Hallum lowered their price objective on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Benchmark reissued a "buy" rating and set a $8.00 price target (up from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. Finally, KeyCorp decreased their price target on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $5.90.

About indie Semiconductor

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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