Equities Analysts Offer Predictions for INDI FY2024 Earnings

indie Semiconductor, Inc. (NASDAQ:INDI) – Equities research analysts at B. Riley decreased their FY2024 earnings per share estimates for indie Semiconductor in a note issued to investors on Thursday, December 5th. B. Riley analyst C. Ellis now forecasts that the company will earn ($0.73) per share for the year, down from their previous estimate 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 research analysts also recently commented on INDI. Benchmark decreased their price objective on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Roth Mkm cut their target price 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $8.92.

indie Semiconductor Price Performance

NASDAQ:INDI opened at $4.29 on Monday. 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 fifty day simple moving average of $4.07 and a 200 day simple moving average of $4.96. indie Semiconductor has a 1-year low of $3.16 and a 1-year high of $8.69. The stock has a market capitalization of $866.24 million, a PE ratio of -6.40 and a beta of 1.37.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in INDI. Price T Rowe Associates Inc. MD boosted its position in shares of indie Semiconductor by 14.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,108 shares of the company’s stock valued at $306,000 after acquiring an additional 5,394 shares during the period. GAMMA Investing LLC raised its stake in indie Semiconductor by 1,743.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock worth $25,000 after purchasing an additional 3,906 shares in the last quarter. SG Americas Securities LLC bought a new stake in indie Semiconductor in the 2nd quarter valued at about $156,000. Tempus Wealth Planning LLC grew its position in shares of indie Semiconductor by 30.6% during the 2nd quarter. Tempus Wealth Planning LLC now owns 22,353 shares of the company’s stock worth $138,000 after purchasing an additional 5,238 shares in the last quarter. Finally, Calamos Advisors LLC bought a new position in shares of indie Semiconductor during the second quarter worth approximately $478,000. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at indie Semiconductor

In related news, CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 directly owns 18,351 shares of the company’s stock, valued at approximately $86,433.21. This trade represents a 91.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.20% of the stock is currently owned by corporate insiders.

About indie Semiconductor

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.