indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) President Ichiro Aoki sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $3.44, for a total transaction of $86,000.00. Following the completion of the sale, the president owned 82,634 shares of the company’s stock, valued at approximately $284,260.96. The trade was a 23.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ichiro Aoki also recently made the following trade(s):
- On Monday, November 17th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The stock was 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 shares were sold at an average price of $3.92, for a total value of $980,000.00.
- On Friday, November 14th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $3.91, for a total value of $293,250.00.
- 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 value 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 transaction of $20,272.50.
indie Semiconductor Stock Performance
Shares of INDI traded up $0.18 during trading hours on Thursday, hitting $3.61. The company’s stock had a trading volume of 907,799 shares, compared to its average volume of 4,165,673. The business has a 50 day simple moving average of $4.53 and a two-hundred day simple moving average of $3.93. indie Semiconductor, Inc. has a 52-week low of $1.53 and a 52-week high of $6.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.75 and a quick ratio of 3.18. The company has a market cap of $791.77 million, a price-to-earnings ratio of -4.82 and a beta of 2.38.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on INDI shares. Roth Capital reaffirmed a “buy” rating and set a $8.00 target price on shares of indie Semiconductor in a report on Wednesday, October 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. UBS Group upped their price objective on shares of indie Semiconductor from $4.50 to $5.00 and gave the stock a “hold” rating in a research report on Monday, November 10th. Finally, Wall Street Zen lowered shares of indie Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.60.
Get Our Latest Analysis on INDI
Institutional Investors Weigh In On indie Semiconductor
Hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position 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 buying an additional 7,536 shares during the period. National Bank of Canada FI raised its holdings in indie Semiconductor by 32.7% during the 1st quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock valued at $36,000 after buying an additional 4,400 shares during the last quarter. Ethic Inc. purchased a new stake in indie Semiconductor during the 2nd quarter valued at $36,000. Evergreen Capital Management LLC bought a new position in shares of indie Semiconductor during the second quarter valued at about $37,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of indie Semiconductor by 36.5% during the first quarter. Hsbc Holdings PLC now owns 19,486 shares of the company’s stock worth $39,000 after purchasing an additional 5,213 shares during the period. 67.73% of the stock is currently owned by institutional investors.
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.
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