indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) President Ichiro Aoki sold 75,000 shares of indie Semiconductor stock in a transaction on Friday, November 14th. The stock was sold at an average price of $3.91, for a total transaction of $293,250.00. Following the transaction, the president directly owned 82,634 shares in the company, valued at $323,098.94. This represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ichiro Aoki also recently made the following trade(s):
- On Wednesday, November 19th, Ichiro Aoki sold 25,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.44, for a total transaction of $86,000.00.
- On Monday, November 17th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.66, for a total transaction of $274,500.00.
- On Thursday, November 13th, Ichiro Aoki sold 250,000 shares of indie Semiconductor stock. The stock was sold at an average price of $3.92, for a total transaction of $980,000.00.
- On Monday, September 8th, Ichiro Aoki sold 8,877 shares of indie Semiconductor stock. The shares were sold at an average price of $4.22, for a total transaction of $37,460.94.
- On Tuesday, September 2nd, Ichiro Aoki sold 4,770 shares of indie Semiconductor stock. The stock was sold at an average price of $4.25, for a total value of $20,272.50.
indie Semiconductor Stock Performance
Shares of INDI opened at $3.43 on Thursday. The stock has a 50 day moving average of $4.53 and a 200 day moving average of $3.93. The company has a market capitalization of $753.34 million, a price-to-earnings ratio of -4.57 and a beta of 2.38. indie Semiconductor, Inc. has a 12 month low of $1.53 and a 12 month high of $6.05. The company has a current ratio of 3.75, a quick ratio of 3.18 and a debt-to-equity ratio of 0.86.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Roth Capital restated a “buy” rating and set a $8.00 price objective on shares of indie Semiconductor in a report on Wednesday, October 15th. Weiss Ratings restated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Wall Street Zen cut shares of indie Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, UBS Group upped their price objective on indie Semiconductor from $4.50 to $5.00 and gave the company a “hold” rating in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, indie Semiconductor has an average rating of “Moderate Buy” and a consensus target price of $6.60.
Read Our Latest Research Report on INDI
Institutional Trading of indie Semiconductor
A number of institutional investors have recently modified their holdings of the business. Primecap Management Co. CA grew its stake in indie Semiconductor by 1.9% in the 2nd quarter. Primecap Management Co. CA now owns 29,160,176 shares of the company’s stock valued at $103,810,000 after buying an additional 536,790 shares in the last quarter. Bamco Inc. NY grew its position in shares of indie Semiconductor by 23.5% in the second quarter. Bamco Inc. NY now owns 25,294,776 shares of the company’s stock valued at $90,049,000 after purchasing an additional 4,813,397 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in shares of indie Semiconductor by 29.9% in the second quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company’s stock valued at $63,940,000 after purchasing an additional 4,139,349 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of indie Semiconductor by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,283,185 shares of the company’s stock valued at $62,203,000 after purchasing an additional 1,334,145 shares during the period. Finally, Elemental Capital Partners LLC purchased a new stake in indie Semiconductor during the 3rd quarter worth about $30,979,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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