indie Semiconductor (NASDAQ:INDI) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of indie Semiconductor (NASDAQ:INDI) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other research firms also recently issued reports on INDI. Roth Capital reiterated a “buy” rating and issued a $8.00 target price on shares of indie Semiconductor in a research report on Wednesday, October 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, indie Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

indie Semiconductor Trading Up 0.4%

INDI stock traded up $0.02 on Friday, hitting $4.68. 6,340,616 shares of the company were exchanged, compared to its average volume of 5,977,637. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -6.24 and a beta of 2.38. The business’s fifty day moving average is $4.59 and its two-hundred day moving average is $3.82. indie Semiconductor has a twelve month low of $1.53 and a twelve month high of $6.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 3.72.

indie Semiconductor (NASDAQ:INDI) last issued its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). indie Semiconductor had a negative net margin of 66.84% and a negative return on equity of 28.21%. The firm had revenue of $53.68 million during the quarter, compared to analyst estimates of $53.98 million. During the same quarter in the previous year, the business posted ($0.09) EPS. indie Semiconductor’s revenue was down .6% compared to the same quarter last year. indie Semiconductor has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that indie Semiconductor will post -0.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Michael Wittmann sold 20,908 shares of indie Semiconductor stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $3.95, for a total transaction of $82,586.60. Following the sale, the chief operating officer directly owned 94,005 shares of the company’s stock, valued at approximately $371,319.75. The trade was a 18.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Donald Mcclymont sold 200,000 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $6.01, for a total transaction of $1,202,000.00. Following the transaction, the chief executive officer directly owned 135,602 shares of the company’s stock, valued at $814,968.02. The trade was a 59.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 697,936 shares of company stock worth $3,207,331 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On indie Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of INDI. Elemental Capital Partners LLC bought a new position in indie Semiconductor in the 3rd quarter worth approximately $30,979,000. Bamco Inc. NY boosted its holdings in shares of indie Semiconductor by 23.5% in the 2nd quarter. Bamco Inc. NY now owns 25,294,776 shares of the company’s stock worth $90,049,000 after purchasing an additional 4,813,397 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in shares of indie Semiconductor by 29.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 17,960,663 shares of the company’s stock valued at $63,940,000 after purchasing an additional 4,139,349 shares during the last quarter. Millennium Management LLC lifted its position in indie Semiconductor by 456.6% in the 1st quarter. Millennium Management LLC now owns 3,702,671 shares of the company’s stock worth $7,535,000 after buying an additional 3,037,435 shares during the last quarter. Finally, Primecap Management Co. CA grew its position in indie Semiconductor by 8.9% during the first quarter. Primecap Management Co. CA now owns 28,623,386 shares of the company’s stock valued at $58,249,000 after acquiring an additional 2,335,620 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

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.