indie Semiconductor, Inc. (NASDAQ:INDI) Receives $5.90 Average Target Price from Analysts

Key Points

• indie Semiconductor, Inc. has received a consensus rating of "Moderate Buy", with one hold and five buy recommendations from six brokerages covering the stock.
• The average one-year price target for indie Semiconductor is $5.90, while Benchmark has set a higher target of $8.00.
• The company's recent quarterly earnings met expectations with a reported ($0.08) EPS, and revenue was down 1.5% year-over-year at $51.63 million.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.90.

INDI has been the topic of several analyst reports. KeyCorp reduced their target price on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Craig Hallum reduced their target price on indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Benchmark reissued a "buy" rating and set a $8.00 target price (up from $6.00) on shares of indie Semiconductor in a report on Wednesday, June 25th.

indie Semiconductor Stock Performance

NASDAQ INDI traded down $0.03 on Friday, reaching $4.28. The stock had a trading volume of 1,725,907 shares, compared to its average volume of 3,766,756. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 3.72. The firm has a fifty day moving average of $4.16 and a two-hundred day moving average of $3.11. indie Semiconductor has a 1-year low of $1.53 and a 1-year high of $5.57. The company has a market cap of $925.21 million, a P/E ratio of -5.10 and a beta of 2.31.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $51.63 million for the quarter, compared to analyst estimates of $51.40 million. indie Semiconductor had a negative return on equity of 28.43% and a negative net margin of 71.98%.indie Semiconductor's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) EPS. indie Semiconductor has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that indie Semiconductor will post -0.54 EPS for the current year.

Insider Buying and Selling at indie Semiconductor

In related news, Director Sonalee Elizabeth Parekh sold 11,841 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $3.42, for a total transaction of $40,496.22. Following the completion of the sale, the director directly owned 119,857 shares in the company, valued at $409,910.94. This represents a 8.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Wittmann sold 59,375 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $4.29, for a total value of $254,718.75. Following the sale, the chief operating officer owned 94,005 shares of the company's stock, valued at approximately $403,281.45. This represents a 38.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,518 shares of company stock valued at $331,984. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of indie Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the business. Primecap Management Co. CA lifted its position in shares of indie Semiconductor by 1.9% during the 2nd quarter. Primecap Management Co. CA now owns 29,160,176 shares of the company's stock worth $103,810,000 after buying an additional 536,790 shares during the last quarter. Bamco Inc. NY lifted its position in shares of indie Semiconductor by 23.5% during the 2nd quarter. Bamco Inc. NY now owns 25,294,776 shares of the company's stock worth $90,049,000 after buying an additional 4,813,397 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of indie Semiconductor by 29.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company's stock worth $63,940,000 after buying an additional 4,139,349 shares during the last quarter. Vanguard Group Inc. raised its position in indie Semiconductor by 1.8% in the first quarter. Vanguard Group Inc. now owns 12,805,999 shares of the company's stock valued at $26,060,000 after purchasing an additional 220,737 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in indie Semiconductor by 9.5% in the second quarter. Geode Capital Management LLC now owns 4,573,560 shares of the company's stock valued at $16,285,000 after purchasing an additional 396,433 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

indie Semiconductor Company Profile

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.