Street Calls of the Week
Indie Semiconductor (NASDAQ:INDI), currently valued at $870.1 million, has seen its stock surge 38% over the past six months. Chief Executive Officer Donald McClymont sold 41,986 shares of Class A Common Stock on September 8 at a price of $4.22, for a total transaction value of $177,180.
On September 5, McClymont also exercised options to acquire 81,053 shares of Class A Common Stock at a price of $0. The same day, McClymont was granted 81,053 Restricted Stock Units. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 4.34, indicating healthy short-term financial position.
Following the sale, McClymont directly owns 285,602 shares of Class A Common Stock and 5,366,425 shares of Class V Common Stock. McClymont indirectly owns 68,115 shares of Class A Common Stock held by spouse. For deeper insights into INDI’s valuation and 8 additional key ProTips, visit InvestingPro.
In other recent news, Indie Semiconductor reported its second-quarter 2025 earnings, revealing a revenue of $51.63 million, which exceeded the forecasted $51.4 million. Despite this revenue beat, the company experienced a larger-than-expected loss per share of $0.20, compared to the anticipated loss of $0.08. These results reflect a mixed financial performance for the quarter. Additionally, Indie Semiconductor has updated its at-the-market equity offering program by registering unsold shares under a new shelf registration statement. As of the announcement, approximately $59.8 million of its Class A common stock remains unsold from its previously disclosed $150 million ATM offering. The company filed a prospectus supplement to a new automatic shelf registration statement, effective March 7, 2025, to continue offering the remaining unsold shares. These developments indicate ongoing financial maneuvers by the company.
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