indie Semiconductor, Inc. (NASDAQ:INDI) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• indie Semiconductor, Inc. has received a consensus rating of "Moderate Buy" from analysts, with six out of eight analysts rating it a buy.
• The company's average twelve-month price target among brokerages is $6.25, with recent ratings suggesting targets as high as $8.00.
• Despite a 3.4% decline in share price, the company reported earnings of ($0.08) per share in its last quarterly results, meeting analyst expectations.

Shares of indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $6.25.

A number of brokerages recently issued reports on INDI. Roth Capital reissued a "buy" rating and set a $8.00 price objective on shares of indie Semiconductor in a research report on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Wall Street Zen raised indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Benchmark reaffirmed a "buy" rating and issued a $8.00 target price (up from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th.

indie Semiconductor Stock Down 3.4%

Shares of NASDAQ:INDI opened at $5.32 on Friday. The business has a 50-day moving average price of $4.35 and a 200 day moving average price of $3.45. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -6.33 and a beta of 2.33. indie Semiconductor has a 12-month low of $1.53 and a 12-month high of $6.05.

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

Insider Buying and Selling at indie Semiconductor

In related news, COO Michael Wittmann sold 59,375 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 $403,281.45. This trade represents a 38.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Ichiro Aoki sold 8,877 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $4.22, for a total transaction of $37,460.94. Following the completion of the sale, the president directly owned 82,634 shares in the company, valued at approximately $348,715.48. This trade represents a 9.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 697,936 shares of company stock valued at $3,207,331 in the last three months. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On indie Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INDI. Bamco Inc. NY boosted its holdings in indie Semiconductor by 23.5% in the second quarter. Bamco Inc. NY now owns 25,294,776 shares of the company's stock valued at $90,049,000 after purchasing an additional 4,813,397 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in indie Semiconductor by 29.9% in the second quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company's stock valued at $63,940,000 after purchasing an additional 4,139,349 shares in the last quarter. Millennium Management LLC boosted its holdings in indie Semiconductor by 456.6% in the first quarter. Millennium Management LLC now owns 3,702,671 shares of the company's stock valued at $7,535,000 after purchasing an additional 3,037,435 shares in the last quarter. Primecap Management Co. CA boosted its holdings in indie Semiconductor by 8.9% in the first quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company's stock valued at $58,249,000 after purchasing an additional 2,335,620 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new position in indie Semiconductor in the first quarter valued at approximately $2,527,000. 67.73% of the stock is owned by institutional investors and hedge funds.

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.

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