indie Semiconductor (NASDAQ:INDI) Announces Earnings Results, Misses Estimates By $0.08 EPS

indie Semiconductor (NASDAQ:INDI - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08), Zacks reports. indie Semiconductor had a negative return on equity of 24.04% and a negative net margin of 49.88%. indie Semiconductor updated its Q1 2025 guidance to EPS.

indie Semiconductor Stock Down 3.5 %

NASDAQ INDI traded down $0.14 during trading on Thursday, reaching $3.91. The company's stock had a trading volume of 3,433,731 shares, compared to its average volume of 3,616,856. 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 stock has a market capitalization of $789.51 million, a PE ratio of -5.84 and a beta of 1.41. indie Semiconductor has a 1-year low of $3.16 and a 1-year high of $7.82. The business has a 50-day moving average price of $4.19 and a 200-day moving average price of $4.10.

Insider Transactions at indie Semiconductor

In other news, CEO Donald Mcclymont sold 50,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $4.31, for a total transaction of $215,500.00. Following the transaction, the chief executive officer now owns 18,351 shares of the company's stock, valued at approximately $79,092.81. This represents a 73.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Wittmann sold 18,375 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $4.10, for a total value of $75,337.50. Following the completion of the transaction, the chief operating officer now directly owns 28,860 shares in the company, valued at $118,326. The trade was a 38.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,593 shares of company stock worth $330,291 in the last 90 days. 8.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Benchmark cut their price target on shares of indie Semiconductor from $12.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Roth Mkm decreased their target price on indie Semiconductor from $7.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Finally, UBS Group began coverage on indie Semiconductor in a research report on Friday, January 24th. They set a "neutral" rating and a $4.50 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, indie Semiconductor currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.29.

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.

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