indie Semiconductor (INDI) Scheduled to Post Earnings on Thursday

indie Semiconductor (NASDAQ:INDI) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect indie Semiconductor to post earnings of ($0.08) per share for the quarter. indie Semiconductor has set its Q1 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

indie Semiconductor (NASDAQ:INDI) last released its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. indie Semiconductor had a negative return on equity of 15.84% and a negative net margin of 52.46%. The company had revenue of $70.13 million during the quarter, compared to analyst estimates of $72.69 million. On average, analysts expect indie Semiconductor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

indie Semiconductor Price Performance

indie Semiconductor stock opened at $6.01 on Wednesday. indie Semiconductor has a 12 month low of $4.67 and a 12 month high of $10.85. The company has a current ratio of 1.96, a quick ratio of 1.72 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $6.29 and its 200 day simple moving average is $6.68. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -7.22 and a beta of 1.21.

Wall Street Analyst Weigh In

Several research firms have issued reports on INDI. Craig Hallum dropped their target price on indie Semiconductor from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. KeyCorp reduced their target price on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $13.50.

Insider Transactions at indie Semiconductor

In other news, CFO Thomas Schiller sold 60,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total transaction of $340,800.00. Following the completion of the sale, the chief financial officer now directly owns 1,039,583 shares in the company, valued at $5,904,831.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, President Ichiro Aoki sold 50,000 shares of indie Semiconductor stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $6.77, for a total transaction of $338,500.00. Following the completion of the transaction, the president now directly owns 31,208 shares in the company, valued at $211,278.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas Schiller sold 60,000 shares of indie Semiconductor stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total transaction of $340,800.00. Following the transaction, the chief financial officer now owns 1,039,583 shares of the company’s stock, valued at $5,904,831.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 173,323 shares of company stock worth $1,081,244. Company insiders own 9.90% of the company’s stock.

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.