indie Semiconductor (NASDAQ:INDI) Trading 10.1% Higher - Here's What Happened

Key Points

• Shares of indie Semiconductor jumped by 10.1% to reach $4.00, despite a significant decline in trading volume compared to its average session.
• Equities analysts have a consensus rating of "Moderate Buy" for indie Semiconductor, with a target price of $5.90 after upgrades from various firms.
• Insider transactions indicate a substantial sell-off, with both the COO and CEO reducing their stakes, leading to a total of 313,768 shares being sold by insiders in the last quarter.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) shares traded up 10.1% during mid-day trading on Monday . The company traded as high as $3.88 and last traded at $4.00. 952,437 shares changed hands during trading, a decline of 76% from the average session volume of 3,978,381 shares. The stock had previously closed at $3.63.

Analyst Upgrades and Downgrades

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

indie Semiconductor Stock Performance

The firm has a market cap of $876.57 million, a price-to-earnings ratio of -4.82 and a beta of 2.31. The company has a 50 day moving average of $4.21 and a 200 day moving average of $3.16. The company has a quick ratio of 3.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.81.

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, hitting analysts' consensus estimates of ($0.08). The firm had revenue of $51.63 million during 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%.The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Insider Activity

In other news, COO Michael Wittmann sold 59,375 shares of indie Semiconductor stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $4.29, for a total transaction of $254,718.75. Following the transaction, the chief operating officer directly owned 94,005 shares of the company's stock, valued at $403,281.45. This trade represents a 38.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Donald Mcclymont sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $3.87, for a total transaction of $580,500.00. Following the transaction, the chief executive officer directly owned 135,602 shares of the company's stock, valued at $524,779.74. This represents a 52.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,768 shares of company stock valued at $1,265,141. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in indie Semiconductor by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company's stock valued at $34,000 after acquiring an additional 7,536 shares during the period. Ethic Inc. purchased a new position in indie Semiconductor in the second quarter worth about $36,000. Evergreen Capital Management LLC bought a new stake in shares of indie Semiconductor in the second quarter worth $37,000. Jump Financial LLC purchased a new stake in shares of indie Semiconductor in the second quarter worth $39,000. Finally, Signaturefd LLC grew its holdings in shares of indie Semiconductor by 145.7% in the second quarter. Signaturefd LLC now owns 11,457 shares of the company's stock valued at $41,000 after purchasing an additional 6,794 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

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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