indie Semiconductor (NASDAQ:INDI) Trading Down 6.7% - Should You Sell?

Key Points

• indie Semiconductor's shares fell by 6.7%, closing at $4.23 on Tuesday, with trading volume dropping significantly to 621,345 shares compared to an average of nearly 4 million.
• Analysts have adjusted their target prices for indie Semiconductor, with KeyCorp lowering it from $7.00 to $6.00, while Benchmark raised their target from $6.00 to $8.00, maintaining a "buy" rating.
• The company reported a revenue of $51.63 million for the last quarter, matching analysts' expectations, with a negative net margin of 71.98% and an average EPS forecast of -0.54 for the current fiscal year.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report)'s share price dropped 6.7% on Tuesday . The stock traded as low as $4.23 and last traded at $4.23. Approximately 621,345 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 3,992,240 shares. The stock had previously closed at $4.53.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INDI shares. Craig Hallum lowered their price objective on indie Semiconductor from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. KeyCorp cut their price objective on indie Semiconductor from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, Benchmark restated 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. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.90.

indie Semiconductor Trading Up 0.5%

The company has a quick ratio of 3.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.81. The firm has a market cap of $929.53 million, a P/E ratio of -5.12 and a beta of 2.31. The company's 50 day simple moving average is $4.17 and its 200-day simple moving average is $3.11.

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 analysts' consensus estimates of ($0.08). The firm had revenue of $51.63 million during the quarter, compared to analyst estimates of $51.40 million. indie Semiconductor had a negative return on equity of 28.43% and a negative net margin of 71.98%.indie Semiconductor's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) earnings per share. indie Semiconductor has set its Q3 2025 guidance at EPS. As a group, research analysts predict that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sonalee Elizabeth Parekh sold 11,841 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $3.42, for a total transaction of $40,496.22. Following the completion of the sale, the director owned 119,857 shares in the company, valued at approximately $409,910.94. This represents a 8.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael Wittmann sold 59,375 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $4.29, for a total value of $254,718.75. Following the sale, the chief operating officer owned 94,005 shares of the company's stock, valued at approximately $403,281.45. This represents a 38.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,518 shares of company stock worth $331,984. Insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On indie Semiconductor

Several hedge funds have recently made changes to their positions in INDI. Envestnet Asset Management Inc. boosted its holdings in indie Semiconductor by 28.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 35,791 shares of the company's stock valued at $145,000 after purchasing an additional 7,870 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in indie Semiconductor in the fourth quarter valued at $421,000. First Trust Advisors LP boosted its holdings in indie Semiconductor by 39.4% in the fourth quarter. First Trust Advisors LP now owns 39,582 shares of the company's stock valued at $160,000 after purchasing an additional 11,181 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in indie Semiconductor by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,549,781 shares of the company's stock valued at $10,327,000 after purchasing an additional 423,108 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $255,000 after purchasing an additional 8,955 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

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.