indie SemiconductorINDI
INDI
About: Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for advanced Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms. Geographically, the company generates majority of its revenue from Greater China and rest from United States, Europe, South Korea and other regions.
Employees: 900
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
16% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 55
2.66% more ownership
Funds ownership: 88.07% [Q2] → 90.73% (+2.66%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
5% less funds holding
Funds holding: 184 [Q2] → 174 (-10) [Q3]
29% less capital invested
Capital invested by funds: $914M [Q2] → $649M (-$264M) [Q3]
30% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 33
34% less call options, than puts
Call options by funds: $2.8M | Put options by funds: $4.24M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$5
22%
upside
Avg. target
$7
71%
upside
High target
$9
120%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Benchmark Cody Acree 57% 1-year accuracy 20 / 35 met price target | 120%upside $9 | Buy Reiterated | 8 Nov 2024 |
Roth MKM Suji Desilva 58% 1-year accuracy 26 / 45 met price target | 22%upside $5 | Buy Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 6 articles about INDI published over the past 30 days
Neutral
Business Wire
2 weeks ago
indie Semiconductor Announces Pricing of Private Offering
ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor, Inc. (“indie” or “we”) (NASDAQ: INDI), an automotive solutions innovator, today announced the pricing of its offering of $190 million aggregate principal amount of its 3.50% Convertible Senior Notes due 2029 (the “notes”) through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from.
Negative
The Motley Fool
2 weeks ago
Why Indie Semiconductor Stock Is Plummeting Today
Indie Semiconductor (INDI -22.73%) stock is falling fast in Tuesday's trading. The chip specialist's share price was down by 20.7% as of 2:45 p.m.
Neutral
Business Wire
2 weeks ago
indie Semiconductor Announces Proposed Convertible Senior Notes Offering
ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor, Inc. (“indie” or “we”) (NASDAQ: INDI), an automotive solutions innovator, today announced that it plans to offer, subject to market and other conditions, $175 million aggregate principal amount of its Convertible Senior Notes due 2029 (the “notes”) through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). in.
Neutral
Business Wire
3 weeks ago
indie Announces Automotive System Basis Safety IC Solution With Leading European Tier 1, Independently Certified To The Highest Functional Safety Rating
ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has launched a system basis safety integrated chip (IC) solution for vehicle powertrain applications. Developed in close partnership with a leading European Tier 1 automotive system integrator, the IC provides critical safety monitor and supervision functionality for mission-critical powertrain operation. The solution has been independently certified by SGS-TÜV Saar as ASIL-D (Automotive.
Negative
MarketBeat
3 weeks ago
Is indie Semi Taking the Driver's Seat in Autonomous Vehicles?
indie Semiconductor NASDAQ: INDI is a small-cap chip stock that has had a rough go of it in 2024. Shares are down 43% this year.
Positive
Seeking Alpha
3 weeks ago
indie Semiconductor: Back On Track
indie Semiconductor faced a tough 2024 but is poised for significant growth in 2025 and beyond, driven by EVs and AVs. The company has a strategic backlog of $7.1 billion, focusing on vision and radar for ADAS, in-cabin experience, and electrification. indie Semiconductor aims for 2025 revenues to surge over 40% to top $300 million, reaching breakeven and eliminating the need for additional capital.
Neutral
Business Wire
1 month ago
indie Semiconductor Extends Automotive Photonics Leadership With Advanced Optical Component Integration Capabilities
ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has extended its photonics offering with the addition of in-house photonics integration, packaging and system test capabilities. By combining a class-leading optical component portfolio through indie's prior acquisitions of TeraXion and EXALOS, with the latest in-house advanced automated assembly, packaging and optical test capabilities, indie can now offer customers complete photonics s.
Neutral
Seeking Alpha
1 month ago
indie Semiconductor, Inc. (INDI) Q3 2024 Earnings Call Transcript
indie Semiconductor, Inc. (INDI) Q3 2024 Earnings Call Transcript
Neutral
Zacks Investment Research
1 month ago
Indie Semiconductor, Inc. (INDI) Reports Q3 Loss, Tops Revenue Estimates
Indie Semiconductor, Inc. (INDI) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.08 per share a year ago.
Neutral
Business Wire
1 month ago
indie Semiconductor Exceeds Third Quarter 2024 Growth Expectations, Guides Accelerating Fourth Quarter
ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovator, today announced third quarter results for the period ended September 30, 2024. Third quarter 2024 revenue increased 3.1% sequentially to $54.0 million, above the mid-point of the outlook with Non-GAAP gross margin up sequentially to 50.4 percent. On a GAAP basis, third quarter 2024 operating loss was $49.9 million compared to $136.2 million a year ago. Non-GAAP operating loss for t.
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