indie Semiconductor (NASDAQ:INDI) Announces Quarterly Earnings Results

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

indie Semiconductor Price Performance

Shares of NASDAQ INDI traded down $0.08 during mid-day trading on Friday, reaching $2.70. The company had a trading volume of 2,149,249 shares, compared to its average volume of 3,713,717. The firm has a market cap of $562.93 million, a price-to-earnings ratio of -3.55 and a beta of 2.01. The business's 50-day simple moving average is $2.12 and its 200 day simple moving average is $3.41. indie Semiconductor has a one year low of $1.53 and a one year high of $7.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39.

Insider Buying and Selling

In other indie Semiconductor news, CEO Donald Mcclymont sold 65,754 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $2.90, for a total transaction of $190,686.60. Following the completion of the transaction, the chief executive officer now directly owns 246,535 shares in the company, valued at $714,951.50. The trade was a 21.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael Wittmann sold 10,875 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $2.81, for a total value of $30,558.75. Following the completion of the sale, the chief operating officer now directly owns 77,887 shares in the company, valued at approximately $218,862.47. This 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.

Institutional Trading of indie Semiconductor

Large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of indie Semiconductor by 309.7% in the first quarter. Royal Bank of Canada now owns 551,007 shares of the company's stock worth $1,122,000 after acquiring an additional 416,519 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in indie Semiconductor by 42.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,002,253 shares of the company's stock worth $2,040,000 after purchasing an additional 298,339 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in indie Semiconductor by 456.6% in the 1st 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 during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INDI shares. Craig Hallum lowered their target price on indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday. UBS Group initiated coverage on indie Semiconductor in a research report on Friday, January 24th. They set a "neutral" rating and a $4.50 price objective on the stock. B. Riley reissued a "buy" rating on shares of indie Semiconductor in a research report on Thursday, April 24th. Benchmark decreased their price target on shares of indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, KeyCorp dropped their price objective on shares of indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5.75.

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.