Fintel reports that on August 11, 2023, Deutsche Bank maintained coverage of Indie Semiconductor Inc - (NASDAQ:INDI) with a Buy recommendation.
Analyst Price Forecast Suggests 101.77% Upside
As of August 2, 2023, the average one-year price target for Indie Semiconductor Inc - is 15.98. The forecasts range from a low of 12.12 to a high of $21.00. The average price target represents an increase of 101.77% from its latest reported closing price of 7.92.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Indie Semiconductor Inc - is 227MM, an increase of 45.91%. The projected annual non-GAAP EPS is -0.12.
What is the Fund Sentiment?
There are 330 funds or institutions reporting positions in Indie Semiconductor Inc -. This is an increase of 38 owner(s) or 13.01% in the last quarter. Average portfolio weight of all funds dedicated to INDI is 0.31%, an increase of 2.74%. Total shares owned by institutions increased in the last three months by 8.69% to 108,251K shares. 
The put/call ratio of INDI is 0.44, indicating a bullish outlook.
What are Other Shareholders Doing?
Granahan Investment Management holds 6,982K shares representing 4.93% ownership of the company. In it's prior filing, the firm reported owning 7,290K shares, representing a decrease of 4.42%. The firm increased its portfolio allocation in INDI by 72.45% over the last quarter.
Lord, Abbett & Co. holds 6,147K shares representing 4.34% ownership of the company. In it's prior filing, the firm reported owning 5,655K shares, representing an increase of 8.02%. The firm increased its portfolio allocation in INDI by 98.34% over the last quarter.
Bamco holds 5,527K shares representing 3.90% ownership of the company. In it's prior filing, the firm reported owning 5,432K shares, representing an increase of 1.71%. The firm increased its portfolio allocation in INDI by 64.60% over the last quarter.
Summit Partners Public Asset Management holds 4,102K shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 4,029K shares, representing an increase of 1.77%. The firm increased its portfolio allocation in INDI by 19.93% over the last quarter.
LAGWX - LORD ABBETT DEVELOPING GROWTH FUND INC holds 3,861K shares representing 2.73% ownership of the company. In it's prior filing, the firm reported owning 3,266K shares, representing an increase of 15.39%. The firm increased its portfolio allocation in INDI by 17.51% over the last quarter.
Indie Semiconductor Background Information
(This description is provided by the company.)
indie is empowering the Autotech revolution with next generation automotive semiconductors and software platforms. The company 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 indie relies on every day. The company is an approved vendor to Tier 1 partners and its solutions can be found in marquee automotive OEMs around the world. Headquartered in Aliso Viejo, CA, indie has design centers and sales offices in Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose, CA; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and several locations throughout China.
Additional reading:
- indie Semiconductor Exceeds Q2 2023 Growth Expectations
- AMENDED AND RESTATED CERTIFICATE OF INCORPORATION INDIE SEMICONDUCTOR, INC.
- GEO Semiconductor Inc. Consolidated Balance Sheets As of December 31 2022 2021 ASSETS Current assets: Cash $ 611,385 $ 995,863 Trace accounts receivables, net 7,459,154 2,833,944 Inventory, net 7,679,095 898,413 Prepaid expenses and other current ass
- UNAUDITED PRO FORMA CONDENSED CONSOLIDATED COMBINED BALANCE SHEET AS OF DECEMBER 31, 2022 (in thousands) Historical Transaction Accounting Adjustments Pro Forma Balance Sheet indie Geo Assets Current assets: Cash and cash equivalents $ 321,629 $ 611
- indie Semiconductor Exceeds Q1 2023 Growth Expectations
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
