indie Semiconductor, Inc. (NASDAQ:INDI) President Sells $531,750.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) President Ichiro Aoki sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $7.09, for a total transaction of $531,750.00. Following the completion of the transaction, the president now directly owns 36,631 shares of the company’s stock, valued at approximately $259,713.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

indie Semiconductor Stock Down 4.6 %

INDI stock traded down $0.34 during midday trading on Friday, reaching $7.05. 1,841,152 shares of the company were exchanged, compared to its average volume of 2,797,720. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 1.74. indie Semiconductor, Inc. has a 1-year low of $4.67 and a 1-year high of $10.51. The stock’s 50-day simple moving average is $6.34 and its 200 day simple moving average is $6.83. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -14.39 and a beta of 1.24.

indie Semiconductor (NASDAQ:INDI) last announced its earnings results on Thursday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $52.35 million for the quarter, compared to analysts’ expectations of $56.30 million. On average, equities analysts forecast that indie Semiconductor, Inc. will post -0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on INDI. B. Riley reissued a “buy” rating and issued a $13.50 price objective (down previously from $14.50) on shares of indie Semiconductor in a research note on Friday, May 10th. KeyCorp reduced their target price on shares of indie Semiconductor from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. Craig Hallum reduced their target price on shares of indie Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of indie Semiconductor from $10.00 to $9.00 and set a “buy” 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 data from 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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in indie Semiconductor by 269.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,130 shares of the company’s stock valued at $50,000 after buying an additional 4,470 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of indie Semiconductor by 40.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $56,000 after purchasing an additional 2,000 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of indie Semiconductor during the 1st quarter worth $53,000. Psagot Value Holdings Ltd. Israel boosted its position in shares of indie Semiconductor by 24.2% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 8,258 shares of the company’s stock worth $69,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Quent Capital LLC boosted its position in shares of indie Semiconductor by 66.7% during the 1st quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $71,000 after purchasing an additional 4,000 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other 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.