Ichiro Aoki Sells 75,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 75,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $6.24, for a total value of $468,000.00. Following the transaction, the president now owns 36,631 shares in the company, valued at $228,577.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ichiro Aoki also recently made the following trade(s):

• On Tuesday, June 18th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The stock was sold at an average price of $6.52, for a total transaction of $489,000.00.
• On Friday, June 14th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $7.09, for a total transaction of $531,750.00.

indie Semiconductor Stock Performance

Shares of NASDAQ INDI opened at $6.38 on Monday. The stock’s 50-day simple moving average is $6.32 and its 200-day simple moving average is $6.79. indie Semiconductor, Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $9.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.74 and a quick ratio of 1.49.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.13). The company had revenue of $52.35 million during the quarter, compared to analysts’ expectations of $56.30 million. indie Semiconductor had a negative net margin of 32.12% and a negative return on equity of 21.08%. Equities research analysts forecast that indie Semiconductor, Inc. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. B. Riley reissued a “buy” rating and issued a $13.50 price target (down previously from $14.50) on shares of indie Semiconductor in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft decreased their target price on indie Semiconductor from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, KeyCorp cut their price target on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, indie Semiconductor presently has a consensus rating of “Buy” and an average target price of $12.64.

Hedge Funds Weigh In On indie Semiconductor

Several large investors have recently bought and sold shares of INDI. Comerica Bank lifted its holdings in shares of indie Semiconductor by 23,949.9% in the 1st quarter. Comerica Bank now owns 314,813 shares of the company’s stock valued at $2,229,000 after purchasing an additional 313,504 shares during the last quarter. Bamco Inc. NY increased its position in indie Semiconductor by 28.0% during the first quarter. Bamco Inc. NY now owns 14,285,896 shares of the company’s stock worth $101,144,000 after buying an additional 3,121,255 shares during the period. Price T Rowe Associates Inc. MD increased its position in indie Semiconductor by 14.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock worth $306,000 after buying an additional 5,394 shares during the period. Truvestments Capital LLC raised its position in indie Semiconductor by 5,199.9% in the 1st quarter. Truvestments Capital LLC now owns 42,399 shares of the company’s stock valued at $300,000 after purchasing an additional 41,599 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of indie Semiconductor by 2.3% in the first quarter. Clearbridge Investments LLC now owns 1,649,907 shares of the company’s stock valued at $11,681,000 after buying an additional 37,236 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.