Cigna earnings beat by $0.04, revenue topped estimates
Sonalee Elizabeth Parekh, a director at indie Semiconductor, Inc. (NASDAQ:INDI), a $682 million market cap semiconductor company, sold 11,841 shares of Class A Common Stock on June 16, 2025. The sales were executed at a weighted average price of $3.42, resulting in a total transaction value of $40,496. Prices for the shares sold ranged from $3.26 to $3.54. According to InvestingPro analysis, the stock is currently trading at $3.21 and appears slightly undervalued based on its Fair Value assessment.
Following the transaction, Parekh directly owns 119,857 shares of indie Semiconductor, Inc. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 13, 2024, which allows for automated open market sales of the company’s Class A common stock through June 30, 2025. InvestingPro data shows the company maintains a FAIR financial health score, with one key observation being that stock price movements are quite volatile. Subscribers can access 9 additional ProTips and a comprehensive Pro Research Report for deeper insights into INDI’s financial outlook.
In other recent news, Indie Semiconductor Inc. reported its first-quarter 2025 earnings, revealing a net loss larger than expected and revenue that fell short of forecasts. The company’s earnings per share came in at -$0.18, missing the expected -$0.08, while revenue was reported at $54.1 million, below the anticipated $55.94 million. KeyBanc Capital Markets adjusted its outlook on Indie Semiconductor, lowering the price target from $7.00 to $6.00, maintaining an Overweight rating despite mixed first-quarter results and lower-than-expected second-quarter guidance. The company has announced a restructuring plan to reduce operating expenses by 24% by the fourth quarter of 2025 in response to market challenges, including increased tariffs affecting the auto sector.
Benchmark reiterated a Buy rating on Indie Semiconductor, highlighting the company’s strategic move to divest its 34.38% equity stake in its Chinese subsidiary, Wuxi indie Microelectronics Technology Co. This sale, part of a non-binding agreement with United Faith Auto Engineering, is expected to be completed by the end of 2025 or early 2026. Despite these challenges, KeyBanc remains optimistic about Indie Semiconductor’s long-term prospects, noting the company’s radar and vision programs could each contribute approximately $100 million in annual revenue starting in the second half of 2025. The company’s focus on advanced driver-assistance systems (ADAS) and innovative solutions remains a priority amidst financial setbacks. Investors and stakeholders are closely monitoring these developments as they could have significant implications for Indie Semiconductor’s financial structure and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.