Zacks: Analysts Expect indie Semiconductor, Inc. (NASDAQ:INDI) to Announce -$0.12 EPS

Wall Street brokerages expect that indie Semiconductor, Inc. (NASDAQ:INDIGet Rating) will announce earnings of ($0.12) per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for indie Semiconductor’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.12). indie Semiconductor posted earnings of ($0.30) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 60%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, 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 year, analysts forecast that the business will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.28) to ($0.05). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover indie Semiconductor.

indie Semiconductor (NASDAQ:INDIGet Rating) last issued its earnings results on Tuesday, February 22nd. The company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $18.96 million during the quarter, compared to analysts’ expectations of $18.24 million. indie Semiconductor had a negative net margin of 140.59% and a negative return on equity of 26.48%.

Several analysts have commented on INDI shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of indie Semiconductor from $13.00 to $11.00 in a research report on Friday, May 13th. B. Riley lowered their price objective on shares of indie Semiconductor from $15.00 to $9.00 in a research report on Friday, May 13th. Benchmark initiated coverage on shares of indie Semiconductor in a research report on Friday, May 13th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of indie Semiconductor from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Wednesday, May 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $13.29.

In related news, COO Steven Machuga sold 17,562 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $6.81, for a total value of $119,597.22. Following the completion of the transaction, the chief operating officer now directly owns 155,938 shares of the company’s stock, valued at approximately $1,061,937.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Scott David Kee sold 188,912 shares of the company’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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,217 shares of company stock valued at $2,388,542. Company insiders own 20.23% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC boosted its stake in shares of indie Semiconductor by 11.4% during the 3rd quarter. Cetera Advisors LLC now owns 11,700 shares of the company’s stock worth $144,000 after buying an additional 1,200 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of indie Semiconductor by 41.1% during the 3rd 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. Wolverine Asset Management LLC acquired a new position in shares of indie Semiconductor during the 3rd quarter worth about $25,000. Samalin Investment Counsel LLC acquired a new position in shares of indie Semiconductor during the 4th quarter worth about $25,000. Finally, Harbour Investments Inc. boosted its stake in shares of indie Semiconductor by 579.0% during the 4th quarter. Harbour Investments Inc. now owns 2,974 shares of the company’s stock worth $36,000 after buying an additional 2,536 shares during the last quarter. Institutional investors own 25.04% of the company’s stock.

Shares of indie Semiconductor stock remained flat at $$6.74 on Thursday. 693,252 shares of the company’s stock traded hands, compared to its average volume of 1,270,096. The firm has a 50 day moving average price of $7.07 and a 200-day moving average price of $9.38. The company has a market cap of $952.71 million, a PE ratio of -7.02 and a beta of 0.36. indie Semiconductor has a 52 week low of $5.07 and a 52 week high of $16.33. The company has a quick ratio of 7.09, a current ratio of 3.98 and a debt-to-equity ratio of 0.02.

About indie Semiconductor (Get Rating)

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications. It offers devices for a multitude of automotive applications spanning ultrasound for parking assistance, in cabin wireless charging, infotainment and LED lighting for enhancing the user experience, and telematics and cloud access for connectivity; and photonic components on various technology platforms, including fiber bragg gratings, low noise lasers, athermal and tunable packaging, photonic integration, and low noise and high-speed electronics for the laser systems, optical sensing, and optical communication markets.

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