indie Semiconductor (NASDAQ:INDI) Releases Earnings Results

indie Semiconductor (NASDAQ:INDI) issued its quarterly earnings data on Monday. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08), Briefing.com reports. The firm had revenue of $54.08 million during the quarter, compared to the consensus estimate of $54.94 million. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) earnings per share. indie Semiconductor updated its Q2 2025 guidance to EPS.

indie Semiconductor Stock Performance

Shares of indie Semiconductor stock opened at $2.64 on Tuesday. indie Semiconductor has a 12 month low of $1.53 and a 12 month high of $7.82. The firm has a market capitalization of $550.42 million, a P/E ratio of -3.47 and a beta of 2.01. 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 business has a fifty day simple moving average of $2.13 and a two-hundred day simple moving average of $3.43.

Wall Street Analyst Weigh In

A number of research analysts have commented on INDI shares. Benchmark lowered their price target on indie Semiconductor from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday. KeyCorp dropped their price target on indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. B. Riley reissued a “buy” rating on shares of indie Semiconductor in a research report on Thursday, April 24th. Finally, UBS Group assumed coverage on shares of indie Semiconductor in a report on Friday, January 24th. They issued a “neutral” rating and a $4.50 price objective for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, indie Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $5.90.

Insider Buying and Selling

In other news, COO Michael Wittmann sold 10,875 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $2.81, for a total value of $30,558.75. Following the sale, the chief operating officer now directly owns 77,887 shares of the company’s stock, valued at approximately $218,862.47. This represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Donald Mcclymont sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $3.12, for a total value of $156,000.00. Following the transaction, the chief executive officer now owns 65,932 shares of the company’s stock, valued at $205,707.84. The trade was a 43.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,277 shares of company stock worth $434,192 in the last three months. 8.20% of the stock is 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.