Shares of indie Semiconductor, Inc. (NASDAQ:INDI – Get Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $7.50.
INDI has been the topic of a number of recent research reports. UBS Group assumed coverage on shares of indie Semiconductor in a research note on Friday, January 24th. They set a “neutral” rating and a $4.50 price target on the stock. Benchmark cut their target price on shares of indie Semiconductor from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, KeyCorp reduced their target price on shares of indie Semiconductor from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Friday, February 21st.
Read Our Latest Stock Analysis on indie Semiconductor
Insider Buying and Selling
Institutional Investors Weigh In On indie Semiconductor
Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Trust boosted its holdings in indie Semiconductor by 20.3% in the fourth quarter. American Trust now owns 34,845 shares of the company’s stock valued at $141,000 after purchasing an additional 5,869 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of indie Semiconductor by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,954 shares of the company’s stock worth $1,069,000 after buying an additional 32,979 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of indie Semiconductor in the 4th quarter valued at $386,000. ProShare Advisors LLC grew its position in shares of indie Semiconductor by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 46,197 shares of the company’s stock valued at $187,000 after buying an additional 15,202 shares during the last quarter. Finally, Meros Investment Management LP raised its stake in indie Semiconductor by 43.4% during the 4th quarter. Meros Investment Management LP now owns 1,240,949 shares of the company’s stock worth $5,026,000 after acquiring an additional 375,624 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
indie Semiconductor Stock Performance
NASDAQ:INDI opened at $2.57 on Friday. The stock has a market capitalization of $518.92 million, a P/E ratio of -3.38 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39. indie Semiconductor has a fifty-two week low of $2.43 and a fifty-two week high of $7.82. The company has a 50 day moving average price of $3.83 and a 200 day moving average price of $3.97.
indie Semiconductor (NASDAQ:INDI – Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $58.01 million during the quarter, compared to analyst estimates of $58.20 million. indie Semiconductor had a negative net margin of 61.59% and a negative return on equity of 28.08%. Equities research analysts forecast that indie Semiconductor will post -0.54 EPS for the current year.
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.
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