Naixi Wu Sells 10,000 Shares of indie Semiconductor (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 10,000 shares of indie Semiconductor stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $4.53, for a total value of $45,300.00. Following the transaction, the chief financial officer directly owned 77,928 shares in the company, valued at approximately $353,013.84. This trade represents a 11.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 11th, Naixi Wu sold 10,386 shares of indie Semiconductor stock. The stock was sold at an average price of $4.44, for a total transaction of $46,113.84.
• On Friday, November 21st, Naixi Wu sold 7,096 shares of indie Semiconductor stock. The stock was sold at an average price of $3.30, for a total transaction of $23,416.80.
• On Tuesday, November 11th, Naixi Wu sold 5,261 shares of indie Semiconductor stock. The shares were sold at an average price of $4.18, for a total transaction of $21,990.98.

indie Semiconductor Stock Down 4.2%

indie Semiconductor stock opened at $4.29 on Friday. indie Semiconductor, Inc. has a twelve month low of $1.53 and a twelve month high of $6.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.18 and a current ratio of 3.75. The firm has a market cap of $942.22 million, a PE ratio of -5.72 and a beta of 2.59. The firm’s 50 day moving average price is $4.53 and its two-hundred day moving average price is $4.10.

indie Semiconductor (NASDAQ:INDI) last issued its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). indie Semiconductor had a negative net margin of 66.84% and a negative return on equity of 28.84%. The company had revenue of $53.68 million for the quarter, compared to analyst estimates of $53.98 million. During the same period last year, the business earned ($0.09) EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts predict that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in indie Semiconductor by 356.3% during the second quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock valued at $34,000 after purchasing an additional 7,536 shares during the last quarter. Ethic Inc. acquired a new position in indie Semiconductor in the 2nd quarter valued at $36,000. HBK Sorce Advisory LLC bought a new position in indie Semiconductor in the 3rd quarter worth $41,000. Evergreen Capital Management LLC acquired a new position in indie Semiconductor during the 2nd quarter worth $37,000. Finally, Jump Financial LLC bought a new stake in indie Semiconductor during the second quarter valued at about $39,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INDI has been the topic of a number of recent research reports. Wall Street Zen lowered indie Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group increased their price objective on indie Semiconductor from $4.50 to $5.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Finally, Roth Capital reissued a “buy” rating and issued a $8.00 target price on shares of indie Semiconductor in a research report on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, indie Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.60.

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.