indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki Sells 50,000 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $6.14, for a total value of $307,000.00. Following the completion of the sale, the president now directly owns 36,631 shares in the company, valued at $224,914.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 value 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 value 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 value of $531,750.00.

indie Semiconductor Stock Down 0.3 %

Shares of indie Semiconductor stock opened at $6.17 on Friday. The business has a 50-day moving average of $6.37 and a 200-day moving average of $6.75. 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 company has a market capitalization of $1.15 billion, a PE ratio of -12.59 and a beta of 1.24. indie Semiconductor, Inc. has a 1-year low of $4.67 and a 1-year high of $9.85.

indie Semiconductor (NASDAQ:INDI) last announced its earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.13). The business had revenue of $52.35 million for the quarter, compared to analyst estimates of $56.30 million. indie Semiconductor had a negative net margin of 32.12% and a negative return on equity of 21.08%. As a group, equities analysts forecast that indie Semiconductor, Inc. will post -0.62 EPS for the current fiscal year.

Institutional Trading of indie Semiconductor

Several large investors have recently modified their holdings of INDI. UBS Group AG lifted its position in shares of 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 last quarter. Clearbridge Investments LLC lifted its position in shares of 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 last quarter. Primecap Management Co. CA lifted its position in shares of 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 purchasing an additional 158,671 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 626,504 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

indie Semiconductor Company Profile

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.