Insider Selling: indie Semiconductor (NASDAQ:INDI) COO Sells 12,020 Shares of Stock

Key Points

• Michael Wittmann, COO of indie Semiconductor, sold 12,020 shares at an average price of $4.22, totaling approximately $50,724, reducing his ownership by 9.47% to 114,913 shares.
• Following a decline, indie Semiconductor stock is down by 4.5%, trading at $4.05 with a market capitalization of $875.49 million.
• The company reported a negative net margin of 71.98% for the quarter with earnings per share at ($0.08), which met analysts' expectations.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) COO Michael Wittmann sold 12,020 shares of indie Semiconductor stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $4.22, for a total transaction of $50,724.40. Following the completion of the sale, the chief operating officer owned 114,913 shares in the company, valued at approximately $484,932.86. This trade represents a 9.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Michael Wittmann also recently made the following trade(s):

• On Wednesday, September 10th, Michael Wittmann sold 20,908 shares of indie Semiconductor stock. The shares were sold at an average price of $3.95, for a total transaction of $82,586.60.
• On Tuesday, September 2nd, Michael Wittmann sold 59,375 shares of indie Semiconductor stock. The shares were sold at an average price of $4.29, for a total transaction of $254,718.75.
• On Wednesday, July 2nd, Michael Wittmann sold 4,532 shares of indie Semiconductor stock. The shares were sold at an average price of $3.64, for a total transaction of $16,496.48.

indie Semiconductor Price Performance

Shares of NASDAQ INDI traded down $0.02 during trading 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. The stock has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $3.13. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $5.57. The firm has a market capitalization of $838.74 million, a price-to-earnings ratio of -4.62 and a beta of 2.31. 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 announced its earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 company's revenue for the quarter was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. On average, research analysts expect that indie Semiconductor, Inc. will post -0.54 earnings per share for the current year.

Hedge Funds Weigh In On indie Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC raised its stake in 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 period. Los Angeles Capital Management LLC raised its stake in 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 period. CWM LLC raised its stake in 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 period. Ameritas Investment Partners Inc. raised its stake in 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 period. Finally, National Bank of Canada FI raised its stake in 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 period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INDI has been the topic of several research analyst reports. Wall Street Zen upgraded shares of indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Saturday. Benchmark restated 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.