B. Riley Financial Has Lowered Expectations for indie Semiconductor (NASDAQ:INDI) Stock Price

indie Semiconductor (NASDAQ:INDI) had its price target dropped by analysts at B. Riley Financial from $5.00 to $4.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s price target would suggest a potential upside of 120.99% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Roth Capital set a $5.00 price objective on indie Semiconductor in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of indie Semiconductor in a research note on Thursday, October 15th. Finally, TD Cowen lowered their target price on indie Semiconductor from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Monday, October 19th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.94.

indie Semiconductor Stock Performance

Shares of INDI stock opened at $1.81 on Friday. indie Semiconductor has a 52 week low of $1.34 and a 52 week high of $5.49. The company has a market capitalization of $419.58 million, a price-to-earnings ratio of -2.51 and a beta of 3.10. The company has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $3.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.86 and a current ratio of 3.65.

indie Semiconductor (NASDAQ:INDI) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $70.24 million during the quarter, compared to the consensus estimate of $70.21 million. indie Semiconductor had a negative net margin of 61.02% and a negative return on equity of 34.00%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) earnings per share. On average, sell-side analysts predict that indie Semiconductor will post -0.54 earnings per share for the current year.

Insider Buying and Selling at indie Semiconductor

In related news, CEO Donald McClymont sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $3.11, for a total value of $155,500.00. Following the transaction, the chief executive officer directly owned 481,026 shares in the company, valued at approximately $1,495,990.86. This represents a 9.42% 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, COO Michael Wittmann sold 40,625 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $3.59, for a total transaction of $145,843.75. Following the transaction, the chief operating officer directly owned 115,922 shares in the company, valued at approximately $416,159.98. This represents a 25.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 353,861 shares of company stock worth $1,296,644. Insiders own 2.57% of the company’s stock.

Institutional Trading of indie Semiconductor

A number of institutional investors have recently bought and sold shares of INDI. Russell Investments Group Ltd. raised its position in shares of indie Semiconductor by 68.9% in the third quarter. Russell Investments Group Ltd. now owns 148,584 shares of the company’s stock valued at $435,000 after buying an additional 60,618 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of indie Semiconductor in the third quarter valued at approximately $153,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of indie Semiconductor in the third quarter valued at approximately $366,000. Inspire Investing LLC grew its position in indie Semiconductor by 38.3% during the third quarter. Inspire Investing LLC now owns 215,492 shares of the company’s stock worth $630,000 after buying an additional 59,711 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in indie Semiconductor during the third quarter worth approximately $33,000. Institutional investors own 67.73% of the company’s stock.

Key indie Semiconductor News

Here are the key news stories impacting indie Semiconductor this week:

• Positive Sentiment: Third-quarter revenue rose 31% year over year to $70.2 million, narrowly exceeding estimates. The company also said automotive radar chipsets entered high-volume production, a potential source of future growth. indie Reports Third Quarter 2026 Results
• Neutral Sentiment: Fourth-quarter revenue guidance is $73 million to $81 million, with the midpoint of $77 million nearly matching analysts’ $76.9 million consensus. B. Riley kept its Buy rating but lowered its price target from $5 to $4; the new target still implies substantial upside from the cited $1.81 share price.
• Negative Sentiment: INDI reported a loss of $0.05 per share, missing the $0.04 loss analysts expected, though the loss narrowed from $0.07 a year earlier. B. Riley’s price-target cut also signals reduced expectations, despite its continued Buy rating. indie Semiconductor Reports Q3 Loss, Beats Revenue Estimates

indie Semiconductor Company Profile

indie Semiconductor, Inc develops semiconductor and software solutions for the automotive industry. Its products are designed to support advanced driver-assistance systems (ADAS), vehicle electrification, connected-car applications and automotive user experiences.

The company’s technology portfolio includes solutions for automotive radar, computer vision, lidar, ultrasonic sensing, vehicle networking, battery management and power conversion. Its products are intended for use in systems such as automated parking, blind-spot detection, collision avoidance, in-cabin monitoring, lighting, infotainment and other intelligent vehicle functions.

Founded in 2007 and headquartered in Aliso Viejo, California, indie serves automotive manufacturers and suppliers internationally.