-$0.11 EPS Expected for indie Semiconductor, Inc. (NASDAQ:INDI) This Quarter

Analysts expect indie Semiconductor, Inc. (NASDAQ:INDIGet Rating) to announce earnings of ($0.11) per share for the current quarter, Zacks reports. Four analysts have provided estimates for indie Semiconductor’s earnings. indie Semiconductor posted earnings of ($0.13) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The business is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that indie Semiconductor will report full year earnings of ($0.46) per share for the current financial year, with EPS estimates ranging from ($0.50) to ($0.40). For the next financial year, analysts forecast that the firm will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.28) to ($0.05). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for indie Semiconductor.

indie Semiconductor (NASDAQ:INDIGet Rating) last released its earnings results on Tuesday, February 22nd. The company reported ($0.09) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.09). The firm had revenue of $18.96 million for the quarter, compared to analyst estimates of $18.24 million.

INDI has been the subject of a number of research analyst reports. B. Riley cut their target price on shares of indie Semiconductor from $22.00 to $15.00 in a research report on Thursday, February 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of indie Semiconductor from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 20th. Finally, Zacks Investment Research upgraded shares of indie Semiconductor from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $14.35.

indie Semiconductor stock traded up $0.03 on Friday, reaching $7.13. 10,516 shares of the stock were exchanged, compared to its average volume of 1,155,307. The stock has a market cap of $927.39 million, a PE ratio of 2.08 and a beta of 0.26. The company has a current ratio of 7.36, a quick ratio of 7.09 and a debt-to-equity ratio of 0.02. indie Semiconductor has a twelve month low of $6.45 and a twelve month high of $16.33. The firm has a fifty day moving average price of $7.36 and a two-hundred day moving average price of $9.88.

In related news, CTO Scott David Kee sold 188,912 shares of the company’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $7.89, for a total value of $1,490,515.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sonalee Elizabeth Parekh sold 10,748 shares of the company’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $7.93, for a total transaction of $85,231.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 306,403 shares of company stock worth $2,354,177. Insiders own 20.23% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley bought a new stake in indie Semiconductor during the second quarter worth about $433,000. Wells Fargo & Company MN bought a new stake in indie Semiconductor during the second quarter worth about $148,000. Commonwealth Equity Services LLC grew its stake in indie Semiconductor by 22.4% during the third quarter. Commonwealth Equity Services LLC now owns 26,283 shares of the company’s stock worth $323,000 after buying an additional 4,810 shares during the last quarter. Raymond James & Associates bought a new stake in indie Semiconductor during the third quarter worth about $289,000. Finally, Advisor Group Holdings Inc. grew its stake in indie Semiconductor by 41.1% during the third quarter. Advisor Group Holdings Inc. now owns 6,532 shares of the company’s stock worth $80,000 after buying an additional 1,903 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

indie Semiconductor Company Profile (Get Rating)

indie Semiconductor, Inc provides automotive semiconductors and software solutions. It offers its solution for advanced driver assistance systems, including light detection and ranging, connected car, user experience, and electrification applications. The company was founded in 2007 and is headquartered in Aliso Viejo, California.

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