indie Semiconductor (NASDAQ:INDI) CEO Sells $177,180.92 in Stock

Key Points

• indie Semiconductor's CEO, Donald Mcclymont, sold 41,986 shares of stock at an average price of $4.22, resulting in a transaction totaling $177,180.92.
• The company's shares traded down to $4.05 recently, with a market cap of $875.49 million and a negative PE ratio of -4.82.
• Brokerages have mixed ratings for indie Semiconductor, with price targets ranging from $6.00 to $8.00, indicating a consensus rating of "Moderate Buy."

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CEO Donald Mcclymont sold 41,986 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $4.22, for a total value of $177,180.92. Following the sale, the chief executive officer directly owned 285,602 shares in the company, valued at approximately $1,205,240.44. This represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

indie Semiconductor Stock Performance

NASDAQ INDI traded down $0.02 during trading hours on Friday, hitting $3.88. The company had a trading volume of 6,437,782 shares, compared to its average volume of 3,013,320. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $5.57. The company has a quick ratio of 3.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $3.13. The firm has a market cap of $838.74 million, a P/E ratio of -4.62 and a beta of 2.31.

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

Analyst Ratings Changes

Several brokerages have weighed in on INDI. Wall Street Zen raised indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Saturday. Benchmark reaffirmed 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $5.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. First Trust Advisors LP boosted its stake in indie Semiconductor by 39.4% during the fourth quarter. First Trust Advisors LP now owns 39,582 shares of the company's stock valued at $160,000 after buying an additional 11,181 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in indie Semiconductor by 16.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,859 shares of the company's stock worth $255,000 after acquiring an additional 8,955 shares during the period. Northern Trust Corp grew its holdings in indie Semiconductor by 8.4% during the fourth quarter. Northern Trust Corp now owns 1,535,552 shares of the company's stock worth $6,219,000 after acquiring an additional 118,642 shares during the period. Jane Street Group LLC grew its holdings in indie Semiconductor by 48.1% during the fourth quarter. Jane Street Group LLC now owns 253,806 shares of the company's stock worth $1,028,000 after acquiring an additional 82,449 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in indie Semiconductor during the fourth quarter worth about $91,000. 67.73% of the stock is owned by institutional investors and hedge funds.

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.