Fintel reports that on January 24, 2025, UBS initiated coverage of indie Semiconductor (NasdaqCM:INDI) with a Neutral recommendation.
Analyst Price Forecast Suggests 88.12% Upside
As of December 23, 2024, the average one-year price target for indie Semiconductor is $8.20/share. The forecasts range from a low of $6.06 to a high of $10.50. The average price target represents an increase of 88.12% from its latest reported closing price of $4.36 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for indie Semiconductor is 644MM, an increase of 181.58%. The projected annual non-GAAP EPS is 1.10.
What is the Fund Sentiment?
There are 354 funds or institutions reporting positions in indie Semiconductor. This is an decrease of 6 owner(s) or 1.67% in the last quarter. Average portfolio weight of all funds dedicated to INDI is 0.15%, an increase of 34.76%. Total shares owned by institutions increased in the last three months by 18.05% to 232,156K shares. 
The put/call ratio of INDI is 0.39, indicating a bullish outlook.
What are Other Shareholders Doing?
Primecap Management holds 25,468K shares representing 13.85% ownership of the company. In its prior filing, the firm reported owning 15,779K shares , representing an increase of 38.04%. The firm increased its portfolio allocation in INDI by 6.00% over the last quarter.
Granahan Investment Management holds 17,809K shares representing 9.69% ownership of the company. In its prior filing, the firm reported owning 18,392K shares , representing a decrease of 3.27%. The firm decreased its portfolio allocation in INDI by 38.44% over the last quarter.
POAGX - PRIMECAP Odyssey Aggressive Growth Fund holds 16,172K shares representing 8.80% ownership of the company. In its prior filing, the firm reported owning 11,080K shares , representing an increase of 31.49%. The firm decreased its portfolio allocation in INDI by 18.61% over the last quarter.
Bamco holds 15,241K shares representing 8.29% ownership of the company. In its prior filing, the firm reported owning 15,151K shares , representing an increase of 0.59%. The firm decreased its portfolio allocation in INDI by 39.75% over the last quarter.
Frontier Capital Management Co holds 10,856K shares representing 5.90% ownership of the company. In its prior filing, the firm reported owning 7,211K shares , representing an increase of 33.57%. The firm decreased its portfolio allocation in INDI by 7.45% 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.
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