Insider Selling: indie Semiconductor (NASDAQ:INDI) CEO Sells 41,986 Shares of 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 firm'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 transaction of $177,180.92. Following the completion of the sale, the chief executive officer owned 285,602 shares in the company, valued at $1,205,240.44. The trade was a 12.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

indie Semiconductor Price Performance

Shares of NASDAQ INDI traded down $0.19 during mid-day trading on Tuesday, reaching $4.05. 2,993,281 shares of the company traded hands, compared to its average volume of 3,227,889. 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 debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 3.72. The firm has a market cap of $875.49 million, a PE ratio of -4.82 and a beta of 2.31. The stock has a fifty day simple moving average of $4.20 and a 200-day simple moving average of $3.11.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, meeting analysts' consensus estimates of ($0.08). indie Semiconductor had a negative net margin of 71.98% and a negative return on equity of 28.43%. The business had revenue of $51.63 million for the quarter, compared to analyst estimates of $51.40 million. During the same quarter last year, the business earned ($0.09) earnings per share. The business'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 research analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INDI. KeyCorp reduced their target price on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Craig Hallum reduced their target price on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Benchmark reaffirmed a "buy" rating and issued a $8.00 price objective (up previously from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, indie Semiconductor has a consensus rating of "Moderate Buy" and a consensus target price of $5.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. American Trust bought a new position in shares of indie Semiconductor during the 2nd quarter valued at $120,000. Squarepoint Ops LLC raised its holdings in shares of indie Semiconductor by 122.2% during the 2nd quarter. Squarepoint Ops LLC now owns 191,677 shares of the company's stock valued at $682,000 after purchasing an additional 105,420 shares in the last quarter. Caxton Associates LLP bought a new position in shares of indie Semiconductor during the 2nd quarter valued at $887,000. Evergreen Capital Management LLC bought a new position in shares of indie Semiconductor during the 2nd quarter valued at $37,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of indie Semiconductor by 276.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,443 shares of the company's stock valued at $69,000 after purchasing an additional 14,277 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.