indie Semiconductor (NASDAQ:INDI) Issues Earnings Results

indie Semiconductor (NASDAQ:INDI - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.08) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.08), Briefing.com reports. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The firm had revenue of $54.08 million for the quarter, compared to analyst estimates of $54.94 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The business's revenue was up 3.2% on a year-over-year basis. indie Semiconductor updated its Q2 2025 guidance to EPS.

indie Semiconductor Stock Performance

Shares of INDI stock traded down $0.08 on Thursday, hitting $2.67. The company's stock had a trading volume of 1,163,202 shares, compared to its average volume of 3,694,448. indie Semiconductor has a fifty-two week low of $1.53 and a fifty-two week high of $7.82. The stock's 50 day moving average is $2.12 and its 200-day moving average is $3.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. The company has a market capitalization of $555.64 million, a PE ratio of -3.51 and a beta of 2.01.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. KeyCorp lowered their price objective on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Tuesday. Benchmark lowered their price objective on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Tuesday. UBS Group assumed coverage on shares of indie Semiconductor in a report on Friday, January 24th. They issued a "neutral" rating and a $4.50 price objective on the stock. Craig Hallum lowered their price objective on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, B. Riley reiterated a "buy" rating on shares of indie Semiconductor in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.75.

Insider Buying and Selling

In other news, CEO Donald Mcclymont sold 65,754 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $2.90, for a total value of $190,686.60. Following the completion of the transaction, the chief executive officer now owns 246,535 shares of the company's stock, valued at approximately $714,951.50. This represents a 21.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Wittmann sold 10,875 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $2.81, for a total transaction of $30,558.75. Following the completion of the transaction, the chief operating officer now directly owns 77,887 shares of the company's stock, valued at $218,862.47. This trade represents a 12.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,277 shares of company stock valued at $434,192 over the last quarter. 8.20% of the stock is owned by company insiders.

About indie Semiconductor

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.