Equities Analysts Offer Predictions for INDI FY2024 Earnings

indie Semiconductor, Inc. (NASDAQ:INDI) – Research analysts at B. Riley reduced their FY2024 earnings per share estimates for indie Semiconductor in a report released on Thursday, December 5th. B. Riley analyst C. Ellis now expects that the company will post earnings of ($0.73) per share for the year, down from their previous forecast of ($0.69). The consensus estimate for indie Semiconductor’s current full-year earnings is ($0.72) per share. B. Riley also issued estimates for indie Semiconductor’s Q1 2025 earnings at ($0.14) EPS, Q2 2025 earnings at ($0.14) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.10) EPS and FY2025 earnings at ($0.49) EPS.

A number of other equities analysts have also recently issued reports on the company. Benchmark dropped their target price on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Roth Mkm dropped their price objective on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $8.92.

indie Semiconductor Trading Up 8.1 %

Shares of indie Semiconductor stock opened at $4.29 on Monday. indie Semiconductor has a 52-week low of $3.16 and a 52-week high of $8.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.39 and a quick ratio of 1.87. The firm has a market capitalization of $866.24 million, a PE ratio of -6.40 and a beta of 1.37. The company’s fifty day moving average price is $4.07 and its two-hundred day moving average price is $4.96.

Institutional Trading of indie Semiconductor

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of indie Semiconductor by 14.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock worth $306,000 after purchasing an additional 5,394 shares in the last quarter. GAMMA Investing LLC lifted its holdings in indie Semiconductor by 1,743.8% during the second quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after acquiring an additional 3,906 shares in the last quarter. SG Americas Securities LLC acquired a new position in indie Semiconductor in the second quarter valued at about $156,000. Tempus Wealth Planning LLC increased its holdings in shares of indie Semiconductor by 30.6% in the second quarter. Tempus Wealth Planning LLC now owns 22,353 shares of the company’s stock worth $138,000 after acquiring an additional 5,238 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of indie Semiconductor during the second quarter worth about $478,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at indie Semiconductor

In other indie Semiconductor news, CEO Donald Mcclymont sold 200,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $4.71, for a total transaction of $942,000.00. Following the completion of the sale, the chief executive officer now owns 18,351 shares in the company, valued at approximately $86,433.21. The trade was a 91.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.20% of the stock is currently owned by corporate 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.