indie Semiconductor (NASDAQ:INDI) Stock Price Up 9.8% - Still a Buy?

Key Points

• indie Semiconductor's stock price increased by 9.8%, closing at $5.84 after trading as high as $6.00 during the session.
• Analysts maintain a consensus rating of "Moderate Buy" for indie Semiconductor, with Roth Capital and Benchmark setting price targets of $8.00.
• Insider selling activity was noted, with COO Michael Wittmann and CEO Donald Mcclymont reducing their holdings significantly in recent transactions.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report)'s share price traded up 9.8% during trading on Monday . The company traded as high as $6.00 and last traded at $5.84. 5,011,649 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 4,118,889 shares. The stock had previously closed at $5.32.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on INDI shares. Roth Capital reaffirmed a "buy" rating and issued a $8.00 price target on shares of indie Semiconductor in a report on Wednesday. Benchmark restated a "buy" rating and issued a $8.00 price objective (up previously from $6.00) on shares of indie Semiconductor in a research report on Wednesday, June 25th. Weiss Ratings reissued a "sell (d-)" rating on shares of indie Semiconductor in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of indie Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, indie Semiconductor has a consensus rating of "Moderate Buy" and an average target price of $6.25.

indie Semiconductor Stock Up 12.8%

The business's fifty day simple moving average is $4.35 and its 200 day simple moving average is $3.46. The company has a current ratio of 4.34, a quick ratio of 3.72 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -7.14 and a beta of 2.33.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, meeting analysts' consensus estimates 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 in the prior year, the company posted ($0.09) earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. indie Semiconductor has set its Q3 2025 guidance at EPS. Equities analysts forecast that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at indie Semiconductor

In related news, COO Michael Wittmann sold 20,908 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $3.95, for a total transaction of $82,586.60. Following the sale, the chief operating officer owned 94,005 shares of the company's stock, valued at approximately $371,319.75. This trade represents a 18.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $6.01, for a total value of $1,202,000.00. Following the transaction, the chief executive officer owned 135,602 shares in the company, valued at approximately $814,968.02. This represents a 59.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 697,936 shares of company stock valued at $3,207,331. Corporate insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On indie Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY raised its holdings in indie Semiconductor by 23.5% during the 2nd quarter. Bamco Inc. NY now owns 25,294,776 shares of the company's stock worth $90,049,000 after buying an additional 4,813,397 shares during the period. Frontier Capital Management Co. LLC raised its holdings in shares of indie Semiconductor by 29.9% during the second quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company's stock worth $63,940,000 after acquiring an additional 4,139,349 shares during the period. Millennium Management LLC lifted its position 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 acquiring an additional 3,037,435 shares in the last quarter. Primecap Management Co. CA boosted its stake in indie Semiconductor by 8.9% in the 1st quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company's stock worth $58,249,000 after purchasing an additional 2,335,620 shares during the period. Finally, Fred Alger Management LLC bought a new position in indie Semiconductor during the 1st quarter worth about $2,527,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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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