indie Semiconductor (NASDAQ:INDI) CFO Naixi Wu Sells 3,750 Shares

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 3,750 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $3.18, for a total value of $11,925.00. Following the completion of the transaction, the chief financial officer owned 156,933 shares of the company’s stock, valued at $499,046.94. The trade was a 2.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 2nd, Naixi Wu sold 21,171 shares of indie Semiconductor stock. The shares were sold at an average price of $3.54, for a total transaction of $74,945.34.
• On Tuesday, September 1st, Naixi Wu sold 6,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.56, for a total transaction of $21,360.00.
• On Monday, August 31st, Naixi Wu sold 23,170 shares of indie Semiconductor stock. The stock was sold at an average price of $3.72, for a total transaction of $86,192.40.
• On Thursday, July 2nd, Naixi Wu sold 19,640 shares of indie Semiconductor stock. The stock was sold at an average price of $4.37, for a total transaction of $85,826.80.

indie Semiconductor Stock Down 0.3%

Shares of INDI opened at $3.20 on Wednesday. The firm has a market cap of $741.79 million, a P/E ratio of -4.38 and a beta of 2.78. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.86 and a current ratio of 3.65. indie Semiconductor, Inc. has a 52 week low of $2.32 and a 52 week high of $6.05. The firm’s 50-day simple moving average is $3.64 and its 200 day simple moving average is $3.72.

indie Semiconductor (NASDAQ:INDI) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $64.01 million during the quarter, compared to analysts’ expectations of $62.49 million. indie Semiconductor had a negative return on equity of 32.02% and a negative net margin of 65.18%.The business’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) earnings per share. On average, analysts forecast that indie Semiconductor, Inc. will post -0.53 earnings per share for the current year.

Institutional Trading of indie Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the business. Elemental Capital Partners LLC grew its holdings in indie Semiconductor by 60.0% during the 1st quarter. Elemental Capital Partners LLC now owns 12,644,393 shares of the company’s stock worth $40,715,000 after acquiring an additional 4,741,680 shares during the last quarter. Granahan Investment Management LLC raised its stake in shares of indie Semiconductor by 17.8% during the first quarter. Granahan Investment Management LLC now owns 20,283,839 shares of the company’s stock valued at $65,314,000 after acquiring an additional 3,067,255 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of indie Semiconductor by 130.0% during the first quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock valued at $12,272,000 after acquiring an additional 2,154,279 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of indie Semiconductor during the first quarter worth $2,722,000. Finally, Madison Asset Management LLC acquired a new position in shares of indie Semiconductor during the second quarter worth $2,310,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Roth Capital set a $5.00 price target on shares of indie Semiconductor in a research note on Friday, August 7th. TD Cowen boosted their price objective on shares of indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.75.

indie Semiconductor Company Profile

indie Semiconductor, Inc develops semiconductor and software solutions for the automotive industry. Its technology is designed to support advanced driver-assistance systems (ADAS), autonomous-driving applications, vehicle connectivity, and in-cabin user experiences.

The company’s product portfolio includes radar and lidar components, computer-vision processors, automotive imaging solutions, wireless connectivity products, audio and voice-processing technologies, and power-management devices.