Naixi Wu Sells 6,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

Key Points

• Naixi Wu, indie Semiconductor's CFO, sold 6,000 shares on March 13 at an average price of $2.51 for about $15,060, trimming her stake to 71,188 shares (a 7.77% reduction) after several recent insider sales including 17,162 shares on March 2.
• indie Semiconductor's shares trade around $2.62—below the 50-day ($3.66) and 200-day ($4.04) moving averages—with a market cap near $575M, negative profitability (PE -3.59, net margin -66%), and an average analyst stance of "Moderate Buy" with a $6.45 target price.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) CFO Naixi Wu sold 6,000 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $2.51, for a total value of $15,060.00. Following the completion of the transaction, the chief financial officer owned 71,188 shares in the company, valued at approximately $178,681.88. The trade was a 7.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Naixi Wu also recently made the following trade(s):

• On Wednesday, March 4th, Naixi Wu sold 531 shares of indie Semiconductor stock. The stock was sold at an average price of $2.53, for a total transaction of $1,343.43.
• On Monday, March 2nd, Naixi Wu sold 17,162 shares of indie Semiconductor stock. The stock was sold at an average price of $3.56, for a total transaction of $61,096.72.
• On Monday, January 5th, Naixi Wu sold 12,448 shares of indie Semiconductor stock. The stock was sold at an average price of $3.67, for a total value of $45,684.16.
• On Monday, December 22nd, Naixi Wu sold 6,354 shares of indie Semiconductor stock. The stock was sold at an average price of $3.86, for a total value of $24,526.44.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock traded up $0.04 during trading on Tuesday, reaching $2.62. The company's stock had a trading volume of 3,537,411 shares, compared to its average volume of 7,190,827. The company has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $4.04. indie Semiconductor, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.05. The firm has a market cap of $575.43 million, a PE ratio of -3.59 and a beta of 2.55. The company has a current ratio of 3.73, a quick ratio of 3.10 and a debt-to-equity ratio of 0.88.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.07). The firm had revenue of $58.01 million during the quarter, compared to analysts' expectations of $57.11 million. indie Semiconductor had a negative net margin of 66.23% and a negative return on equity of 29.33%. indie Semiconductor's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS. On average, analysts forecast that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Institutional Investors Weigh In On indie Semiconductor

A number of hedge funds have recently added to or reduced their stakes in INDI. Elemental Capital Partners LLC purchased a new position in shares of indie Semiconductor during the 3rd quarter worth approximately $30,979,000. Vanguard Group Inc. boosted its stake in shares of indie Semiconductor by 9.6% in the third quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company's stock valued at $62,203,000 after buying an additional 1,334,145 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in indie Semiconductor during the second quarter worth $276,000. Caxton Associates LLP acquired a new position in indie Semiconductor during the second quarter worth $887,000. Finally, Bamco Inc. NY raised its position in indie Semiconductor by 23.5% in the second quarter. Bamco Inc. NY now owns 25,294,776 shares of the company's stock worth $90,049,000 after acquiring an additional 4,813,397 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

INDI has been the topic of several recent research reports. UBS Group set a $4.25 price target on indie Semiconductor in a research report on Sunday, February 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of indie Semiconductor in a report on Thursday, January 22nd. Finally, Wall Street Zen cut indie Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, December 13th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.45.

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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