B. Riley Research Analysts Cut Earnings Estimates for INDI

indie Semiconductor, Inc. (NASDAQ:INDI) – B. Riley reduced their FY2024 EPS estimates for shares of indie Semiconductor in a research note issued on Thursday, December 5th. B. Riley analyst C. Ellis now expects that the company will earn ($0.73) per share for the year, down from their prior estimate of ($0.69). The consensus estimate for indie Semiconductor’s current full-year earnings is ($0.74) 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.

Other equities research analysts have also issued reports about the company. Roth Mkm cut their target price on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Benchmark cut their price objective on indie Semiconductor from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $8.92.

indie Semiconductor Price Performance

NASDAQ INDI opened at $4.21 on Monday. indie Semiconductor has a 1 year low of $3.16 and a 1 year high of $8.69. The business’s fifty day moving average is $4.08 and its two-hundred day moving average is $4.95. The stock has a market capitalization of $850.08 million, a P/E ratio of -6.28 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39.

Insider Transactions at indie Semiconductor

In other news, CEO Donald Mcclymont sold 200,000 shares of the business’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 transaction, the chief executive officer now directly owns 18,351 shares in the company, valued at $86,433.21. The trade was a 91.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.20% of the stock is currently owned by insiders.

Institutional Trading of indie Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of indie Semiconductor by 1,743.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,130 shares of the company’s stock valued at $25,000 after buying an additional 3,906 shares during the last quarter. Virtu Financial LLC bought a new position in shares of indie Semiconductor during the 3rd quarter valued at $58,000. Xponance Inc. bought a new stake in indie Semiconductor in the second quarter worth $63,000. Creative Planning bought a new stake in indie Semiconductor in the third quarter worth $75,000. Finally, Legato Capital Management LLC acquired a new position in indie Semiconductor during the second quarter worth $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

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.