In a report released today, Anthony Stoss from Craig-Hallum maintained a Buy rating on indie Semiconductor (INDI – Research Report). The company’s shares closed last Friday at $7.08.
Stoss covers the Technology sector, focusing on stocks such as Digital Turbine, Digi International, and Silicon Motion. According to TipRanks, Stoss has an average return of 9.8% and a 56.45% success rate on recommended stocks.
indie Semiconductor has an analyst consensus of Strong Buy, with a price target consensus of $13.90, implying a 96.33% upside from current levels. In a report released on January 2, Benchmark Co. also maintained a Buy rating on the stock with a $17.00 price target.
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INDI market cap is currently $1.28B and has a P/E ratio of -7.81.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INDI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
indie Semiconductor (INDI) Company Description:
Serving the automotive sector, indie Semiconductor develops cutting-edge semiconductors and software platforms.
Read More on INDI:
- Indie Semiconductor initiated with an Outperform at CJS Securities
- STMicroelectronics collaborates with indie Semiconductor
- Indie Semiconductor price target lowered to $10 from $15 at Roth MKM
- Indie Semiconductor sees Q4 revenue $70M-$75M, consensus $73.67M
- Indie Semiconductor reports Q3 EPS (12c), consensus (8c)
