David J. Aldrich, a director at indie Semiconductor, Inc. (NASDAQ:INDI), has acquired 130,000 shares of the company's Class A Common Stock, according to a recent filing. The open market purchase took place on November 11, 2026, and was valued at $299,000.
Aldrich paid $2.30 per share for the stock, which is above the current trading price of $2.10. The transaction follows a 16% return for the stock over the past week, although shares remain down 51% over the last six months. According to an analysis, the stock appears slightly overvalued relative to its Fair Value of $2.00. After this purchase, Aldrich's direct beneficial ownership in indie Semiconductor totals 393,392 shares.
In separate recent developments, indie Semiconductor reported its third-quarter 2026 financial results, showing a 31% increase in revenue from the previous year to $70.24 million. This figure slightly exceeded the midpoint of the company's outlook but was just below analyst forecasts. Despite the revenue growth, the company posted a larger-than-expected loss of $0.05 per share, compared to Wall Street's estimate of a $0.03 loss. Core revenue showed acceleration, although earnings per share fell short of analyst expectations.
In response to sector pressure, B. Riley adjusted its price target for indie Semiconductor from $6.00 to $4.00, while maintaining a Buy rating on the stock. These developments highlight the company's ongoing growth in automotive and adjacent markets despite recent financial challenges.
The stock closed at $2.10, down $0.080 or 3.67%, and traded at $2.051 after hours, down $0.049 or 2.34%.