indie Semiconductor (INDI) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for indie Semiconductor in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INDI shares.
View INDI analyst ratings or view top-rated stocks.

3 brokerages have issued twelve-month price objectives for indie Semiconductor's shares. Their INDI share price forecasts range from $12.00 to $17.00. On average, they predict the company's stock price to reach $14.40 in the next year. This suggests a possible upside of 42.6% from the stock's current price.
View analysts price targets for INDI or view top-rated stocks among Wall Street analysts.

indie Semiconductor's stock was trading at $5.83 at the beginning of the year. Since then, INDI shares have increased by 73.2% and is now trading at $10.10.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our INDI earnings forecast.

indie Semiconductor, Inc. (NASDAQ:INDI) posted its quarterly earnings results on Thursday, May, 11th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The business earned $40.45 million during the quarter, compared to analyst estimates of $40.02 million. indie Semiconductor had a negative net margin of 102.77% and a negative trailing twelve-month return on equity of 18.69%.

ETFs with the largest weight of indie Semiconductor (NASDAQ:INDI) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), Direxion Moonshot Innovators ETF (MOON), Changebridge Select Equity ETF (CBSE), Changebridge Long/Short Equity ETF (CBLS), SPDR S&P Kensho Smart Mobility ETF (HAIL), Columbia Seligman Semiconductor and Technology ETF (SEMI), Global X Autonomous & Electric Vehicles ETF (DRIV) and Invesco DWA Technology Momentum ETF (PTF).

indie Semiconductor updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $51.78 million-$51.78 million, compared to the consensus revenue estimate of $51.83 million.

indie Semiconductor trades on the NASDAQ under the ticker symbol "INDI."

indie Semiconductor's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Granahan Investment Management LLC (4.36%), BlackRock Inc. (4.04%), State Street Corp (2.64%), Hood River Capital Management LLC (1.77%), AIGH Capital Management LLC (1.51%) and Ameriprise Financial Inc. (1.34%). Insiders that own company stock include Donald Mcclymont, Ichiro Aoki, Kanwardev Raja Singh Bal, Scott David Kee, Sonalee Elizabeth Parekh, Steven Machuga and Thomas Schiller.
View institutional ownership trends.

Shares of INDI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of INDI stock can currently be purchased for approximately $10.10.

indie Semiconductor (NASDAQ:INDI) has a market capitalization of $1.62 billion and generates $110.80 million in revenue each year. The company earns $-43,400,000.00 in net income (profit) each year or ($1.05) on an earnings per share basis.

The company employs 400 workers across the globe.

indie Semiconductor's mailing address is 9912 GEORGETOWN PIKE SUITE D203, GREAT FALLS VA, 22066. The official website for the company is www.indiesemi.com. The company can be reached via phone at 949-608-0854 or via email at ir@indiesemi.com.