indie Semiconductor (INDI) to Release Earnings on Thursday

indie Semiconductor (NASDAQ:INDIGet Rating) is scheduled to release its earnings data after the market closes on Thursday, May 12th. Analysts expect indie Semiconductor to post earnings of ($0.11) per share for the quarter. indie Semiconductor has set its Q1 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

indie Semiconductor (NASDAQ:INDIGet Rating) last released its earnings results on Tuesday, February 22nd. The company reported ($0.09) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.09). The business had revenue of $18.96 million for the quarter, compared to analysts’ expectations of $18.24 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 stock opened at $7.75 on Thursday. The stock has a market cap of $1.01 billion, a P/E ratio of 2.26 and a beta of 0.36. The company has a current ratio of 7.36, a quick ratio of 7.09 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $7.32 and a 200-day moving average of $9.75. indie Semiconductor has a 52 week low of $6.45 and a 52 week high of $16.33.

In other news, CTO Scott David Kee sold 188,912 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $7.89, for a total transaction of $1,490,515.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Steven Machuga sold 95,803 shares of the firm’s stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $7.28, for a total value of $697,445.84. The disclosure for this sale can be found here. Insiders sold 295,655 shares of company stock worth $2,268,945 over the last ninety days. 20.23% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Samalin Investment Counsel LLC acquired a new position in shares of indie Semiconductor during the fourth quarter valued at $25,000. Harbour Investments Inc. boosted its stake in indie Semiconductor by 579.0% during the fourth quarter. Harbour Investments Inc. now owns 2,974 shares of the company’s stock valued at $36,000 after buying an additional 2,536 shares in the last quarter. Wells Fargo & Company MN bought a new position in indie Semiconductor during the second quarter valued at about $148,000. JPMorgan Chase & Co. bought a new position in indie Semiconductor during the fourth quarter valued at about $158,000. Finally, LPL Financial LLC bought a new position in indie Semiconductor during the fourth quarter valued at about $188,000. 25.04% of the stock is currently owned by institutional investors.

INDI has been the topic of several research analyst reports. B. Riley reduced their price objective on indie Semiconductor from $22.00 to $15.00 in a research note on Thursday, February 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on indie Semiconductor from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 20th. Finally, Zacks Investment Research upgraded indie Semiconductor from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research note on Wednesday, April 27th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $14.35.

About indie Semiconductor (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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Earnings History for indie Semiconductor (NASDAQ:INDI)

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