indie Semiconductor (NASDAQ:INDI) Reaches New 52-Week High - Should You Buy?

Key Points

• indie Semiconductor reached a new 52-week high at $5.58, with significant trading volume of 8.75 million shares and a previous close at $4.69.
• Despite the rise in stock price, analysts have mixed ratings for indie Semiconductor, with a consensus rating of "Moderate Buy" and a higher price target of $8.00 from Benchmark.
• CEO Donald Mcclymont and COO Michael Wittmann sold significant amounts of stock recently, indicating insider activity with a 58.19% decrease in Mcclymont's ownership.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $5.57 and last traded at $5.58, with a volume of 8746708 shares changing hands. The stock had previously closed at $4.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Benchmark reissued a "buy" rating and issued a $8.00 price objective (up previously from $6.00) on shares of indie Semiconductor in a report on Wednesday, June 25th. Weiss Ratings reissued a "sell (d-)" rating on shares of indie Semiconductor in a report on Wednesday, October 8th. Finally, Wall Street Zen raised indie Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, indie Semiconductor presently has a consensus rating of "Moderate Buy" and an average target price of $5.90.

indie Semiconductor Stock Up 19.9%

The firm has a fifty day simple moving average of $4.20 and a 200-day simple moving average of $3.36. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -6.83 and a beta of 2.33. 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 (NASDAQ:INDI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). indie Semiconductor had a negative return on equity of 28.43% and a negative net margin of 71.98%.The business had revenue of $51.63 million during the quarter, compared to the consensus estimate of $51.40 million. During the same quarter last year, the firm posted ($0.09) EPS. The company's quarterly revenue was down 1.5% on a year-over-year basis. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current year.

Insider Transactions at indie Semiconductor

In other news, CEO Donald Mcclymont sold 188,700 shares of indie Semiconductor stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $4.01, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief operating officer directly owned 94,005 shares of the company's stock, valued at $371,319.75. This represents a 18.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 497,936 shares of company stock valued at $2,005,331. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Primecap Management Co. CA increased its position in shares of indie Semiconductor by 1.9% in the second quarter. Primecap Management Co. CA now owns 29,160,176 shares of the company's stock worth $103,810,000 after purchasing an additional 536,790 shares during the period. Bamco Inc. NY increased its position in shares of indie Semiconductor by 23.5% in the second quarter. Bamco Inc. NY now owns 25,294,776 shares of the company's stock worth $90,049,000 after purchasing an additional 4,813,397 shares during the period. Frontier Capital Management Co. LLC increased its position in shares of 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 worth $63,940,000 after purchasing an additional 4,139,349 shares during the period. Vanguard Group Inc. grew its position in indie Semiconductor by 1.8% in the first quarter. Vanguard Group Inc. now owns 12,805,999 shares of the company's stock valued at $26,060,000 after acquiring an additional 220,737 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in indie Semiconductor by 9.5% during the second quarter. Geode Capital Management LLC now owns 4,573,560 shares of the company's stock worth $16,285,000 after acquiring an additional 396,433 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

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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