indie Semiconductor, Inc. (NASDAQ:INDI) President Sells $307,000.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $6.14, for a total transaction of $307,000.00. Following the sale, the president now directly owns 36,631 shares of the company’s stock, valued at approximately $224,914.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ichiro Aoki also recently made the following trade(s):

• On Friday, June 21st, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $6.24, for a total transaction of $468,000.00.
• On Tuesday, June 18th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $6.52, for a total transaction of $489,000.00.
• On Friday, June 14th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $7.09, for a total transaction of $531,750.00.

indie Semiconductor Trading Down 0.3 %

NASDAQ INDI opened at $6.17 on Friday. The firm’s 50-day moving average is $6.37 and its two-hundred day moving average is $6.75. indie Semiconductor, Inc. has a 12 month low of $4.67 and a 12 month high of $9.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.74 and a quick ratio of 1.49. The stock has a market capitalization of $1.15 billion, a P/E ratio of -12.59 and a beta of 1.24.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.13). The business had revenue of $52.35 million for the quarter, compared to analysts’ expectations of $56.30 million. indie Semiconductor had a negative return on equity of 21.08% and a negative net margin of 32.12%. On average, sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.62 earnings per share for the current year.

Institutional Trading of indie Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG increased its stake in indie Semiconductor by 4,346.7% during the fourth quarter. UBS Group AG now owns 1,484,697 shares of the company’s stock worth $12,041,000 after purchasing an additional 1,451,308 shares during the period. Clearbridge Investments LLC increased its stake in indie Semiconductor by 34.0% during the fourth quarter. Clearbridge Investments LLC now owns 1,612,671 shares of the company’s stock worth $13,079,000 after purchasing an additional 408,936 shares during the period. Primecap Management Co. CA increased its stake in indie Semiconductor by 20.7% during the fourth quarter. Primecap Management Co. CA now owns 5,060,480 shares of the company’s stock worth $41,040,000 after purchasing an additional 867,180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of indie Semiconductor by 44.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 519,049 shares of the company’s stock worth $4,209,000 after buying an additional 158,671 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of indie Semiconductor by 176.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 981,828 shares of the company’s stock worth $6,186,000 after buying an additional 626,504 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of indie Semiconductor from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $13.50 target price (down previously from $14.50) on shares of indie Semiconductor in a research report on Friday, May 10th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, indie Semiconductor has a consensus rating of “Buy” and an average target price of $12.64.

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.