Ichiro Aoki Sells 50,000 Shares of indie Semiconductor, Inc. (NASDAQ:INDI) Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $6.14, for a total transaction of $307,000.00. Following the transaction, the president now owns 36,631 shares of the company’s stock, valued at $224,914.34. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, June 21st, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The stock was sold at an average price of $6.24, for a total transaction of $468,000.00.
• On Tuesday, June 18th, Ichiro Aoki sold 75,000 shares of indie Semiconductor stock. The shares were sold at an average price of $6.52, for a total value 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

NASDAQ INDI opened at $6.19 on Friday. The business has a 50 day simple moving average of $6.35 and a 200 day simple moving average of $6.76. The company has a quick ratio of 1.49, a current ratio of 1.74 and a debt-to-equity ratio of 0.34. indie Semiconductor, Inc. has a one year low of $4.67 and a one year high of $9.85.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.13). indie Semiconductor had a negative return on equity of 21.08% and a negative net margin of 32.12%. The company had revenue of $52.35 million for the quarter, compared to analyst estimates of $56.30 million. On average, sell-side analysts anticipate that indie Semiconductor, Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on INDI shares. KeyCorp decreased their price objective on indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft decreased their price target on indie Semiconductor from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, B. Riley reiterated a “buy” rating and issued a $13.50 target price (down from $14.50) on shares of indie Semiconductor in a report on Friday, May 10th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $12.64.

Hedge Funds Weigh In On indie Semiconductor

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY raised its stake in indie Semiconductor by 28.0% during the 1st 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. Granahan Investment Management LLC lifted its holdings in shares of indie Semiconductor by 63.3% in the 4th quarter. Granahan Investment Management LLC now owns 13,194,588 shares of the company’s stock worth $107,008,000 after purchasing an additional 5,115,393 shares in the last quarter. Vanguard Group Inc. grew its position in indie Semiconductor by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 10,599,890 shares of the company’s stock valued at $75,047,000 after purchasing an additional 332,500 shares during the period. Primecap Management Co. CA increased its stake in indie Semiconductor by 20.7% during the 4th quarter. Primecap Management Co. CA now owns 5,060,480 shares of the company’s stock valued at $41,040,000 after purchasing an additional 867,180 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in indie Semiconductor by 40.4% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,138,449 shares of the company’s stock worth $25,453,000 after buying an additional 902,530 shares during the last quarter. Institutional investors 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.