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Naixi Wu, Chief Financial Officer of indie Semiconductor, Inc. (NASDAQ:INDI), sold 5261 shares of Class A Common Stock on November 11 at $4.18, for a total value of $21990. The transaction comes as INDI shares have fallen nearly 16% over the past week, currently trading at $3.94, significantly below their 52-week high of $6.05.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was to cover withholding taxes related to the vesting of restricted stock units. On November 10, Wu also exercised options to acquire 10000 shares of Class A Common Stock at a price of $0.00 per share, for a total value of $0. Following these transactions, Wu directly owns 87178 shares of indie Semiconductor. Additionally, Wu indirectly owns 90 shares through a spouse.Despite recent price volatility, InvestingPro analysis shows indie Semiconductor maintains strong liquidity with a current ratio of 3.75, though the company faces profitability challenges with negative earnings per share of -$0.75 over the last twelve months. Analysts remain optimistic, with a consensus "Strong Buy" recommendation and price targets suggesting significant upside potential. Discover more insights about INDI and 1,400+ other stocks with comprehensive Pro Research Reports available on InvestingPro.
In other recent news, Indie Semiconductor Inc. reported its third-quarter 2025 earnings, which fell short of expectations. The company disclosed a loss per share of $0.07, which was wider than the anticipated loss of $0.05 per share. Revenue figures also missed the mark, coming in at $53.7 million compared to the forecasted $54 million. These results have drawn attention from investors and analysts alike. No recent upgrades or downgrades from analyst firms have been reported following these earnings. The financial performance highlights ongoing challenges in meeting market expectations. Investors are closely monitoring how Indie Semiconductor navigates these developments.
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