indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) President Ichiro Aoki sold 50,000 shares of the firm's stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $6.14, for a total value of $307,000.00. Following the completion of the sale, the president now directly owns 36,631 shares in the company, valued at $224,914.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 Up 4.1 %
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indie Semiconductor stock opened at $6.34 on Thursday. indie Semiconductor, Inc. has a one year low of $4.67 and a one year high of $9.85. The company has a quick ratio of 1.49, a current ratio of 1.74 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average is $6.34 and its 200 day moving average is $6.76.
indie Semiconductor (NASDAQ:INDI - Get Free Report) 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, research analysts anticipate that indie Semiconductor, Inc. will post -0.62 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on INDI. Deutsche Bank Aktiengesellschaft reduced their price objective on indie Semiconductor from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, May 10th. B. Riley restated a "buy" rating and set a $13.50 price target (down from $14.50) on shares of indie Semiconductor in a report on Friday, May 10th. Finally, KeyCorp dropped their price objective on shares of indie Semiconductor from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Friday, May 10th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $12.64.
Check Out Our Latest Research Report on INDI
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in INDI. Swiss National Bank boosted its position in shares of indie Semiconductor by 1.9% during the third quarter. Swiss National Bank now owns 264,700 shares of the company's stock valued at $1,668,000 after buying an additional 5,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of indie Semiconductor by 176.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 981,828 shares of the company's stock worth $6,186,000 after acquiring an additional 626,504 shares during the period. Deutsche Bank AG raised its stake in indie Semiconductor by 13.0% in the 3rd quarter. Deutsche Bank AG now owns 73,542 shares of the company's stock valued at $463,000 after acquiring an additional 8,432 shares during the period. PNC Financial Services Group Inc. lifted its holdings in indie Semiconductor by 20.8% during the third quarter. PNC Financial Services Group Inc. now owns 15,537 shares of the company's stock valued at $98,000 after purchasing an additional 2,680 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in indie Semiconductor by 88.9% during the third quarter. Bamco Inc. NY now owns 11,038,885 shares of the company's stock worth $69,545,000 after purchasing an additional 5,193,775 shares during the period. Institutional investors own 67.73% of the company's stock.
indie Semiconductor Company Profile
(
Get Free Report)
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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