Latest news with #IndieSemiconductor
Yahoo
21-05-2025
- Business
- Yahoo
Indie Semi stake sale to focus company on ADAS opportunity, says Roth Capital
Roth Capital maintains a Buy rating and $4 price target on shares of Indie Semiconductor (INDI) after the company said in a filing that it has entered into a non-binding agreement to sell its stake in its China Wuxi subsidiary to a China-based electronics company for all-cash proceeds. The closing of the deal may take some time, but Roth believes Indie will emerge following the divestiture as a more focused global auto Advanced Driver-Assistance Systems provider with a diversified sensor offering and will have a 'cleaner' geopolitical structure going forward, the analyst tells investors in a research note. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on INDI: Disclaimer & DisclosureReport an Issue Indie Semiconductor enters pact to sell up to all of Wuxi indie stake Indie Semiconductor's Earnings Call: A Balanced Outlook Indie Semiconductor price target lowered to $6 from $7 at B. Riley Indie Semiconductor price target lowered to $6 from $8 at Craig-Hallum Indie Semiconductor price target lowered to $6 from $8 at Benchmark
Yahoo
21-05-2025
- Business
- Yahoo
Indie Semiconductor enters pact to sell up to all of Wuxi indie stake
Indie Semiconductor (INDI) holds 34.38% of the outstanding equity interest in Wuxi indie Microelectronics Technology. The company disclosed last night that it entered into a non-binding agreement with United Faith Auto-Engineering to sell up to all of its equity interest in Wuxi. 'The consummation of any transaction is subject to negotiation and execution of definitive agreements, completion of due diligence and receipt of applicable regulatory approvals,' it added. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on INDI: Disclaimer & DisclosureReport an Issue Indie Semiconductor's Earnings Call: A Balanced Outlook Indie Semiconductor price target lowered to $6 from $7 at B. Riley Indie Semiconductor price target lowered to $6 from $8 at Craig-Hallum Indie Semiconductor price target lowered to $6 from $8 at Benchmark Indie Semiconductor price target lowered to $6 from $7 at KeyBanc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Indie Semiconductor (INDI) Declined Due to Forward Guidance Miss
Baron Funds, an investment management company, released its 'Baron Discovery Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund was down 6.17% (Institutional Shares), outperforming the -11.12% return for the Russell 2000 Growth Index. The market began strong in February but faded due to Trump's serious tariff enactment, which the market perceives as inflationary and slowing economic growth. The decline accelerated after April 2nd, causing fears of a trade war and global recession. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Discovery Fund highlighted stocks such as Semiconductor, Inc. (NASDAQ:INDI). Indie Semiconductor, Inc. (NASDAQ:INDI) offers automotive semiconductors and software solutions. The one-month return of Indie Semiconductor, Inc. (NASDAQ:INDI) was 42.70%, and its shares lost 58.29% of their value over the last 52 weeks. On May 19, 2025, Indie Semiconductor, Inc. (NASDAQ:INDI) stock closed at $2.64 per share with a market capitalization of $514.515 million. Baron Discovery Fund stated the following regarding Indie Semiconductor, Inc. (NASDAQ:INDI) in its Q1 2025 investor letter: "Indie Semiconductor, Inc. (NASDAQ:INDI) designs automotive semiconductors for advanced driver assistance (ADAS), in-cabin features, and other applications. Shares fell during the quarter on a miss in forward revenue guidance due to an inventory correction in the broader automotive semiconductor industry that was exacerbated by continued automotive macroeconomic uncertainty. We retain conviction. Revenue growth continued to outperform peers, and the company is winning new sockets in future platforms. Indie remains well positioned over the medium and long term, supported by its $7.1 billion strategic backlog and its radar, vision, and other programs that will ramp through 2025 and more meaningfully into 2026. We believe indie will return to outsized growth by the end of 2025 and will significantly outpace the broader industry on its path to $1 billion in revenue by the end of this decade supported by contract visibility. As its product mix shifts to ADAS, its margins should meaningfully improve as well." A semiconductor chip with intricate circuitry, highlighting the company's tech capabilities. Indie Semiconductor, Inc. (NASDAQ:INDI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Indie Semiconductor, Inc. (NASDAQ:INDI) at the end of the fourth quarter, compared to 12 in the third quarter. In the first quarter, Indie Semiconductor, Inc. (NASDAQ:INDI) reported revenue of $54.1 million reflecting an increase of 3.3% from a year ago. While we acknowledge the potential of Indie Semiconductor, Inc. (NASDAQ:INDI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Indie Semiconductor, Inc. (NASDAQ:INDI) and shared the list of EV penny stocks from $10 to under $1. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Globe and Mail
13-05-2025
- Business
- Globe and Mail
Why Indie Semiconductor Stock Fell After Earnings
Indie Semiconductor (NASDAQ: INDI), which makes semiconductor chips for automobiles, reported a net loss and weaker-than-expected sales in its first-quarter 2025 earnings report last night, and weak sales guidance as well. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Indie stock fell nearly 10% initially on the news, but is already clawing back some of its losses. As of 10:15 a.m. ET, Indie shares are down only 1.5%. Indie Q1 earnings Analysts expected Indie to lose $0.08 per share in Q1 on sales of $54.7 million. The company ended up reporting the expected $0.08 loss, but only on an adjusted basis. Earnings as calculated according to generally accepted accounting principles (GAAP) showed an $0.18-per-share loss, and sales fell short at $54.1 million. That was still 3% more revenue than Indie produced in Q1 last year, so the news isn't all bad. But Indie then turned around and guided investors to expect only $50 million to $53 million in Q2 sales, or $51.5 million at the midpoint. Is Indie stock a sell? That's less than Indie got in last year's Q2. Worse, analysts had told investors to expect Q2 sales of $56 million. So what Indie really told investors last night is that after missing on sales in Q1, it's going to miss again in Q2. So what are we really looking at here? In Indie Semiconductor, we have a stock where sales are slow and actually starting to decline, with tariffs worsening the problem. Profits are nonexistent, and free cash flow has run negative for seven straight years. Folks, I think it's time to sell Indie Semiconductor stock. Should you invest $1,000 in Indie Semiconductor right now? Before you buy stock in Indie Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Indie Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,613!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $753,878!* Now, it's worth noting Stock Advisor 's total average return is922% — a market-crushing outperformance compared to169%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 12, 2025
Yahoo
13-05-2025
- Business
- Yahoo
Why Indie Semiconductor Stock Fell After Earnings
Indie Semiconductor met earnings expectations but missed on sales last night, and warned of another miss coming in Q2. Indie Semiconductor lost $0.08 per share, and its free cash flow was negative. Free cash flow has actually run negative for years. 10 stocks we like better than Indie Semiconductor › Indie Semiconductor (NASDAQ: INDI), which makes semiconductor chips for automobiles, reported a net loss and weaker-than-expected sales in its first-quarter 2025 earnings report last night, and weak sales guidance as well. Indie stock fell nearly 10% initially on the news, but is already clawing back some of its losses. As of 10:15 a.m. ET, Indie shares are down only 1.5%. Analysts expected Indie to lose $0.08 per share in Q1 on sales of $54.7 million. The company ended up reporting the expected $0.08 loss, but only on an adjusted basis. Earnings as calculated according to generally accepted accounting principles (GAAP) showed an $0.18-per-share loss, and sales fell short at $54.1 million. That was still 3% more revenue than Indie produced in Q1 last year, so the news isn't all bad. But Indie then turned around and guided investors to expect only $50 million to $53 million in Q2 sales, or $51.5 million at the midpoint. That's less than Indie got in last year's Q2. Worse, analysts had told investors to expect Q2 sales of $56 million. So what Indie really told investors last night is that after missing on sales in Q1, it's going to miss again in Q2. So what are we really looking at here? In Indie Semiconductor, we have a stock where sales are slow and actually starting to decline, with tariffs worsening the problem. Profits are nonexistent, and free cash flow has run negative for seven straight years. Folks, I think it's time to sell Indie Semiconductor stock. Before you buy stock in Indie Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Indie Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,613!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $753,878!* Now, it's worth noting Stock Advisor's total average return is 922% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Indie Semiconductor Stock Fell After Earnings was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
