indie Semiconductor (NASDAQ:INDI) Releases Earnings Results, Misses Estimates By $0.08 EPS

indie Semiconductor (NASDAQ:INDI) announced its quarterly earnings data on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08), Zacks reports. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The firm had revenue of $58.01 million for the quarter, compared to analysts’ expectations of $58.20 million. indie Semiconductor updated its Q1 2025 guidance to EPS.

indie Semiconductor Trading Down 12.8 %

Shares of indie Semiconductor stock traded down $0.50 during trading hours on Friday, reaching $3.41. The stock had a trading volume of 15,890,079 shares, compared to its average volume of 3,074,651. The firm has a market capitalization of $688.55 million, a price-to-earnings ratio of -4.49 and a beta of 1.41. indie Semiconductor has a 1 year low of $3.16 and a 1 year high of $7.82. The company has a current ratio of 2.39, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $4.16 and a two-hundred day simple moving average of $4.09.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INDI shares. KeyCorp cut their price target on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Friday. Benchmark dropped their target price on indie Semiconductor from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday. UBS Group initiated coverage on indie Semiconductor in a research note on Friday, January 24th. They issued a “neutral” rating and a $4.50 price target on the stock. Finally, Roth Mkm dropped their price objective on shares of indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.86.

Insider Transactions at indie Semiconductor

In other news, COO Michael Wittmann sold 18,375 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $4.10, for a total value of $75,337.50. Following the completion of the sale, the chief operating officer now owns 28,860 shares of the company’s stock, valued at $118,326. This represents a 38.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald Mcclymont sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $4.31, for a total value of $215,500.00. Following the transaction, the chief executive officer now directly owns 18,351 shares in the company, valued at $79,092.81. This trade represents a 73.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,593 shares of company stock worth $330,291. 8.20% of the stock is currently owned by company insiders.

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.