indie Semiconductor (NASDAQ:INDI) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• indie Semiconductor (NASDAQ:INDI) received a "sell (D-)" rating from Weiss Ratings and is currently facing mixed ratings from other brokerages, including a reaffirmed "buy" from Benchmark with a target price increase to $8.00.
• The company reported earnings of ($0.08) per share, in line with estimates, while revenue of $51.63 million showed a slight decline of 1.5% compared to the previous year.
• Insider activity has seen significant sales, with CEO Donald Mcclymont selling 188,700 shares, reducing his position by 58.19%, highlighting potential concerns among executives about the company's performance.

indie Semiconductor (NASDAQ:INDI - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently commented on INDI. Benchmark reaffirmed a "buy" rating and set a $8.00 price objective (up previously from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. Wall Street Zen raised shares of indie Semiconductor from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $5.90.

indie Semiconductor Stock Performance

NASDAQ:INDI opened at $4.54 on Wednesday. The company has a market capitalization of $981.41 million, a PE ratio of -5.40 and a beta of 2.33. The company has a 50 day simple moving average of $4.17 and a two-hundred day simple moving average of $3.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.72 and a current ratio of 4.34. indie Semiconductor has a fifty-two week low of $1.53 and a fifty-two week high of $5.57.

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

Insider Activity at indie Semiconductor

In related news, CEO Donald Mcclymont sold 188,700 shares of indie Semiconductor stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $4.01, for a total value of $756,687.00. Following the completion of the sale, the chief executive officer owned 135,602 shares of the company's stock, valued at approximately $543,764.02. This trade represents a 58.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Ichiro Aoki sold 8,877 shares of indie Semiconductor stock in a transaction 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 of the company's stock, valued at approximately $348,715.48. The trade was a 9.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 497,936 shares of company stock valued at $2,005,331. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On indie Semiconductor

Hedge funds have recently bought and sold shares of the company. Fred Alger Management LLC purchased a new position in indie Semiconductor during the 1st quarter worth $2,527,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in indie Semiconductor by 56.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,736 shares of the company's stock worth $326,000 after acquiring an additional 55,872 shares during the last quarter. California State Teachers Retirement System boosted its holdings in indie Semiconductor by 10.2% during the 4th quarter. California State Teachers Retirement System now owns 166,731 shares of the company's stock worth $675,000 after acquiring an additional 15,378 shares during the last quarter. SG Americas Securities LLC purchased a new position in indie Semiconductor during the 1st quarter worth $793,000. Finally, Invesco Ltd. boosted its holdings in indie Semiconductor by 105.4% during the 1st quarter. Invesco Ltd. now owns 191,717 shares of the company's stock worth $390,000 after acquiring an additional 98,389 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other 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.

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