indie Semiconductor (NASDAQ:INDI) Shares Down 6.5% – Here’s What Happened

indie Semiconductor, Inc. (NASDAQ:INDI)’s share price dropped 6.5% during trading on Monday . The company traded as low as $4.43 and last traded at $4.3750. Approximately 2,801,887 shares changed hands during trading, a decline of 33% from the average daily volume of 4,176,717 shares. The stock had previously closed at $4.68.

Analysts Set New Price Targets

INDI has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of indie Semiconductor in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of indie Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday. Roth Capital reissued a “buy” rating and issued a $8.00 price target on shares of indie Semiconductor in a research report on Wednesday, October 15th. Finally, UBS Group upped their price objective on indie Semiconductor from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, indie Semiconductor has an average rating of “Moderate Buy” and an average price target of $6.60.

indie Semiconductor Trading Down 7.5%

The stock has a market cap of $936.02 million, a price-to-earnings ratio of -5.77 and a beta of 2.38. The business’s 50 day moving average is $4.59 and its 200 day moving average is $3.83. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.34 and a quick ratio of 3.72.

indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). indie Semiconductor had a negative return on equity of 28.21% and a negative net margin of 66.84%.The business had revenue of $53.68 million for the quarter, compared to analysts’ expectations of $53.98 million. During the same period last year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. indie Semiconductor has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that indie Semiconductor, Inc. will post -0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Michael Wittmann sold 20,908 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $3.95, for a total value of $82,586.60. Following the completion of the transaction, the chief operating officer owned 94,005 shares in the company, valued at approximately $371,319.75. This represents a 18.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Donald Mcclymont sold 200,000 shares of indie Semiconductor stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $6.01, for a total transaction of $1,202,000.00. Following the sale, the chief executive officer owned 135,602 shares in the company, valued at $814,968.02. This represents a 59.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 697,936 shares of company stock valued at $3,207,331. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of INDI. Nisa Investment Advisors LLC grew its position in indie Semiconductor by 356.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,651 shares of the company’s stock valued at $34,000 after buying an additional 7,536 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of indie Semiconductor by 32.7% in the 1st quarter. National Bank of Canada FI now owns 17,852 shares of the company’s stock worth $36,000 after acquiring an additional 4,400 shares during the period. Ethic Inc. purchased a new stake in shares of indie Semiconductor in the second quarter valued at about $36,000. Evergreen Capital Management LLC acquired a new position in shares of indie Semiconductor during the second quarter worth about $37,000. Finally, Hsbc Holdings PLC raised its holdings in indie Semiconductor by 36.5% during the first quarter. Hsbc Holdings PLC now owns 19,486 shares of the company’s stock worth $39,000 after purchasing an additional 5,213 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.