Thomas Schiller Sells 3,138 Shares of indie Semiconductor (NASDAQ:INDI) Stock

Key Points

• Insider sale: Thomas Schiller sold 3,138 indie Semiconductor shares at an average price of $3.72, generating $11,673.36. He retained 487,167 shares, with the transaction reducing his position by 0.64%.
• Stock and financial performance: INDI shares fell to $3.55, while the company reported quarterly revenue of $64.01 million, up 24% year over year, and an adjusted loss of $0.05 per share. Analysts expect a full-year loss of $0.53 per share.
• Analyst outlook remains cautious: The stock has an average “Hold” rating and a consensus price target of $4.75, with ratings ranging from Buy to Sell. Institutional investors own approximately 67.73% of the company.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) insider Thomas Schiller sold 3,138 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $3.72, for a total value of $11,673.36. Following the completion of the sale, the insider directly owned 487,167 shares in the company, valued at $1,812,261.24. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Thomas Schiller also recently made the following trade(s):

• On Thursday, July 2nd, Thomas Schiller sold 1,833 shares of indie Semiconductor stock. The stock was sold at an average price of $4.45, for a total value of $8,156.85.

indie Semiconductor Stock Performance

INDI stock traded down $0.16 on Tuesday, reaching $3.55. 4,218,385 shares of the company were exchanged, compared to its average volume of 5,406,063. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.65 and a quick ratio of 2.86. indie Semiconductor, Inc. has a 12 month low of $2.32 and a 12 month high of $6.05. The stock's fifty day moving average price is $3.91 and its 200 day moving average price is $3.75. The firm has a market capitalization of $822.93 million, a PE ratio of -4.86 and a beta of 2.79.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 32.02%. The company had revenue of $64.01 million for the quarter, compared to the consensus estimate of $62.49 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business's revenue was up 24.0% compared to the same quarter last year. On average, research analysts anticipate that indie Semiconductor, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On indie Semiconductor

Large investors have recently modified their holdings of the stock. Optiver Holding B.V. raised its holdings in shares of indie Semiconductor by 7,163.7% in the 1st quarter. Optiver Holding B.V. now owns 8,208 shares of the company's stock worth $26,000 after buying an additional 8,095 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of indie Semiconductor during the 2nd quarter worth approximately $37,000. Principal Financial Group Inc. acquired a new stake in indie Semiconductor in the 1st quarter valued at $35,000. Caitong International Asset Management Co. Ltd boosted its stake in indie Semiconductor by 45,829.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 11,023 shares of the company's stock valued at $39,000 after buying an additional 10,999 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in indie Semiconductor in the second quarter valued at $39,000. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on INDI. Wall Street Zen upgraded indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Roth Capital set a $5.00 price objective on indie Semiconductor in a research report on Friday, August 7th. UBS Group upped their target price on indie Semiconductor from $4.25 to $4.75 and gave the company a "neutral" rating in a research note on Friday, May 8th. TD Cowen raised their target price on indie Semiconductor from $4.00 to $4.50 and gave the stock a "hold" rating in a research report on Monday, July 13th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of indie Semiconductor in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $4.75.

indie Semiconductor Company Profile

indie Semiconductor, Inc is a fabless semiconductor company headquartered in San Jose, California, that specializes in advanced chip solutions for the automotive industry. The company designs and develops microcontrollers, sensor processing units, application processors and power management integrated circuits tailored for electric vehicles (EVs), advanced driver assistance systems (ADAS), infotainment and digital clusters. indie's product portfolio aims to deliver high performance, energy efficiency and functional safety to meet stringent automotive requirements.

Originally formed as Integrated Memory Systems in 2021 through a business combination with a special purpose acquisition company, the firm rebranded to indie Semiconductor in early 2022.

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