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 that occurred on Monday, September 8th. The shares were sold at an average price of $4.22, for a total transaction of $50,724.40. Following the transaction, the chief operating officer directly owned 114,913 shares in the company, valued at approximately $484,932.86. The trade was a 9.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 Stock Down 4.5%

INDI stock traded down $0.19 during trading on Tuesday, hitting $4.05. 2,993,281 shares of the company's stock traded hands, compared to its average volume of 3,227,889. The firm has a market capitalization of $875.49 million, a P/E ratio of -4.82 and a beta of 2.31. The business has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $3.11. 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, Inc. has a 1 year low of $1.53 and a 1 year high of $5.57.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting 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 period in the previous year, the company 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. Sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INDI. Benchmark reaffirmed a "buy" rating and issued a $8.00 price target (up from $6.00) on shares of indie Semiconductor in a report on Wednesday, June 25th. Craig Hallum cut their price target on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, KeyCorp cut their price target on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.90.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Trust acquired a new stake in shares of indie Semiconductor during the second quarter worth $120,000. Squarepoint Ops LLC lifted its stake in shares of indie Semiconductor by 122.2% during the second quarter. Squarepoint Ops LLC now owns 191,677 shares of the company's stock worth $682,000 after buying an additional 105,420 shares during the period. Caxton Associates LLP acquired a new position in indie Semiconductor during the second quarter valued at $887,000. Evergreen Capital Management LLC acquired a new position in indie Semiconductor during the second quarter valued at $37,000. Finally, Tower Research Capital LLC TRC lifted its position in indie Semiconductor by 276.4% during the second 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 during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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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