indie Semiconductor (NASDAQ:INDI) Rating Increased to Hold at Wall Street Zen

Key Points

• indie Semiconductor has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, signaling a more optimistic outlook from analysts.
• Benchmark has reaffirmed a "buy" rating on indie Semiconductor with a target price increase to $8.00, reflecting a bullish sentiment among analysts.
• Insider transactions showed significant sales, with CEO Donald Mcclymont selling 41,986 shares, representing a 12.82% decrease in his ownership stake in the company.

Wall Street Zen upgraded shares of indie Semiconductor (NASDAQ:INDI - Free Report) from a sell rating to a hold rating in a research note released on Saturday.

Separately, Benchmark restated a "buy" rating and issued a $8.00 target price (up previously from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $5.90.

indie Semiconductor Trading Up 0.8%

Shares of INDI stock traded up $0.03 during trading hours on Friday, reaching $3.79. The company's stock had a trading volume of 3,897,768 shares, compared to its average volume of 3,221,251. The stock has a market capitalization of $819.28 million, a P/E ratio of -4.51 and a beta of 2.31. indie Semiconductor has a one year low of $1.53 and a one year high of $5.57. The firm's fifty day simple moving average is $4.21 and its 200 day simple moving average is $3.15. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81.

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

Insider Buying and Selling

In related news, COO Michael Wittmann sold 20,908 shares of indie Semiconductor stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $3.95, for a total value of $82,586.60. Following the completion of the sale, the chief operating officer owned 94,005 shares of the company's stock, valued at $371,319.75. The trade was a 18.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald Mcclymont sold 11,300 shares of indie Semiconductor stock in a transaction on Monday, September 15th. The stock was sold at an average price of $4.00, for a total value of $45,200.00. Following the completion of the sale, the chief executive officer directly owned 135,602 shares of the company's stock, valued at $542,408. The trade was a 7.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,768 shares of company stock valued at $1,265,141 over the last 90 days. Company insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On indie Semiconductor

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of indie Semiconductor by 16.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,859 shares of the company's stock worth $255,000 after buying an additional 8,955 shares in the last quarter. Northern Trust Corp lifted its position in shares of indie Semiconductor by 8.4% in the fourth quarter. Northern Trust Corp now owns 1,535,552 shares of the company's stock worth $6,219,000 after buying an additional 118,642 shares in the last quarter. Jane Street Group LLC lifted its position in shares of indie Semiconductor by 48.1% in the fourth quarter. Jane Street Group LLC now owns 253,806 shares of the company's stock worth $1,028,000 after buying an additional 82,449 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of indie Semiconductor in the fourth quarter worth about $91,000. Finally, Deutsche Bank AG lifted its position in shares of indie Semiconductor by 169.0% in the fourth quarter. Deutsche Bank AG now owns 246,028 shares of the company's stock worth $996,000 after buying an additional 154,573 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

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.