indie Semiconductor (NASDAQ:INDI) CFO Sells $86,192.40 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Naixi Wu sold 23,170 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $3.72, for a total transaction of $86,192.40. Following the transaction, the chief financial officer owned 156,058 shares in the company, valued at $580,535.76. The trade was a 12.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 2nd, Naixi Wu sold 21,171 shares of indie Semiconductor stock. The stock was 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 Thursday, July 2nd, Naixi Wu sold 19,640 shares of indie Semiconductor stock. The shares were sold at an average price of $4.37, for a total transaction of $85,826.80.

indie Semiconductor Price Performance

INDI stock opened at $3.47 on Friday. The firm has a market cap of $804.38 million, a P/E ratio of -4.75 and a beta of 2.78. The firm’s fifty day moving average is $3.90 and its 200 day moving average is $3.74. indie Semiconductor, Inc. has a 52 week low of $2.32 and a 52 week high of $6.05. 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 (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). indie Semiconductor had a negative net margin of 65.18% and a negative return on equity of 32.02%. The business had revenue of $64.01 million during the quarter, compared to the consensus estimate of $62.49 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. Research analysts predict that indie Semiconductor, Inc. will post -0.53 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Madison Asset Management LLC bought a new stake in shares of indie Semiconductor during the 2nd quarter valued at $2,310,000. Dimensional Fund Advisors LP increased its stake in shares of indie Semiconductor by 19.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,873,776 shares of the company’s stock worth $6,033,000 after acquiring an additional 308,620 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of indie Semiconductor by 130.0% in the 1st quarter. Wasatch Advisors LP now owns 3,811,285 shares of the company’s stock worth $12,272,000 after acquiring an additional 2,154,279 shares in the last quarter. General American Investors Co. Inc. lifted its position in indie Semiconductor by 14.7% during the 4th quarter. General American Investors Co. Inc. now owns 1,954,849 shares of the company’s stock valued at $6,901,000 after acquiring an additional 250,000 shares during the period. Finally, Elemental Capital Partners LLC boosted its stake in indie Semiconductor by 60.0% during the first 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 in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting indie Semiconductor

Here are the key news stories impacting indie Semiconductor this week:

• Positive Sentiment: Institutional ownership remains substantial at approximately 67.7%. California State Teachers’ Retirement System significantly increased its position during the second quarter, while several other investment firms initiated or expanded holdings, signaling continued institutional interest in indie’s automotive semiconductor business.
• Positive Sentiment: Analysts’ average price target is $4.75, above the recent trading range. TD Cowen, Roth Capital and UBS have set targets between $4.50 and $5.00, though ratings are generally Hold or Neutral rather than outright Buy.
• Positive Sentiment: The company’s latest quarterly revenue increased 24% year over year to $64.01 million, exceeding estimates of $62.49 million. Its quarterly loss of $0.05 per share matched consensus and improved from a $0.08 loss in the prior-year period.
• Neutral Sentiment: indie Semiconductor develops chips for electric vehicles, advanced driver-assistance systems, infotainment and digital instrument clusters. The long-term automotive technology opportunity remains attractive, but the company continues to report substantial losses, with analysts forecasting a full-year loss of approximately $0.53 per share.
• Negative Sentiment: Several senior executives sold shares in transactions dated September 1–2. CEO Donald McClymont sold 13,384 shares for about $47,246, CFO Naixi Wu sold a combined 27,171 shares for roughly $96,305, and COO Michael Wittmann sold 40,625 shares for approximately $145,844. These sales reduced their respective holdings by about 2.7%, 16.0% combined for the CFO’s reported transactions, and 26.0%.
• Negative Sentiment: Insider Thomas Schiller also sold 3,138 shares for approximately $11,673. The concentration of selling among multiple insiders can weigh on investor confidence, particularly while INDI remains unprofitable and trades below its 50-day moving average.

Wall Street Analysts Forecast Growth

INDI has been the subject of several analyst reports. UBS Group increased their target price on indie Semiconductor from $4.25 to $4.75 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research note on Friday, July 17th. TD Cowen boosted their price objective on indie Semiconductor from $4.00 to $4.50 and gave the company a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised indie Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Roth Capital set a $5.00 target price on shares of indie Semiconductor in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $4.75.

About indie Semiconductor

indie Semiconductor, Inc is a fabless semiconductor company headquartered in San Jose, California, that specializes in advanced chip solutions for the automotive industry. The company designs and develops microcontrollers, sensor processing units, application processors and power management integrated circuits tailored for electric vehicles (EVs), advanced driver assistance systems (ADAS), infotainment and digital clusters. indie’s product portfolio aims to deliver high performance, energy efficiency and functional safety to meet stringent automotive requirements.

Originally formed as Integrated Memory Systems in 2021 through a business combination with a special purpose acquisition company, the firm rebranded to indie Semiconductor in early 2022.