indie Semiconductor (NASDAQ:INDI) Shares Up 10.1% - What's Next?

Key Points

• Shares of indie Semiconductor jumped by 10.1% to reach $4.00, despite a significant decline in trading volume compared to its average session.
• Equities analysts have a consensus rating of "Moderate Buy" for indie Semiconductor, with a target price of $5.90 after upgrades from various firms.
• Insider transactions indicate a substantial sell-off, with both the COO and CEO reducing their stakes, leading to a total of 313,768 shares being sold by insiders in the last quarter.

indie Semiconductor, Inc. (NASDAQ:INDI - Get Free Report)'s stock price rose 10.1% during mid-day trading on Monday . The company traded as high as $3.88 and last traded at $4.00. Approximately 952,437 shares were traded during trading, a decline of 76% from the average daily volume of 3,978,381 shares. The stock had previously closed at $3.63.

Analysts Set New Price Targets

INDI has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and set a $8.00 price target (up from $6.00) on shares of indie Semiconductor in a research note on Wednesday, June 25th. Wall Street Zen raised 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 and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.90.

indie Semiconductor Price Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 3.72. The company has a 50 day moving average price of $4.21 and a 200 day moving average price of $3.17. The firm has a market cap of $875.92 million, a PE ratio of -4.83 and a beta of 2.31.

indie Semiconductor (NASDAQ:INDI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) EPS for the quarter, hitting 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 analysts' expectations of $51.40 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The company's quarterly revenue was down 1.5% compared to the same quarter last year. indie Semiconductor has set its Q3 2025 guidance at EPS. Sell-side analysts expect that indie Semiconductor, Inc. will post -0.54 EPS for the current fiscal year.

Insider Transactions at indie Semiconductor

In other news, COO Michael Wittmann sold 20,908 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 94,005 shares in the company, valued at $371,319.75. This represents a 18.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Donald Mcclymont sold 11,300 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 135,602 shares of the company's stock, valued at $542,408. This trade represents a 7.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,768 shares of company stock worth $1,265,141 over the last 90 days. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Kera Capital Partners Inc. purchased a new position in indie Semiconductor in the first quarter worth $31,000. Nisa Investment Advisors LLC raised its position in indie Semiconductor by 356.3% in the second quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company's stock worth $34,000 after acquiring an additional 7,536 shares in the last quarter. National Bank of Canada FI raised its position in indie Semiconductor by 32.7% in the first quarter. National Bank of Canada FI now owns 17,852 shares of the company's stock worth $36,000 after acquiring an additional 4,400 shares in the last quarter. Ethic Inc. purchased a new position in indie Semiconductor in the second quarter worth $36,000. Finally, Evergreen Capital Management LLC purchased a new position in indie Semiconductor in the second quarter worth $37,000. Hedge funds and other 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.