Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 15 Jul, 25 | INDI | Buy | USD 3.84 | USD 4.0 | USD 4.25 | Same day | Closed |
9.90%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications. It offers ultrasonic sensors for parking assist and systems; radar sensors for audio assistance and reverse information; front cameras for vehicle detection, collision avoidance, and sign reading; and side/inside cameras for blind spot and lane change assist, and driver behavior monitoring. The company also provides LiDAR for distance, speed, and obstacle detection, collision avoidance, and emergency brake system; and long range RADAR for audio assistance, obstacle detection, and ACC stop and go. In addition, it designs and manufactures photonic components on various technology platforms, including fiber Bragg gratings, low-noise lasers, athermal and tunable packaging, photonic integration, and low-noise and high-speed electronics. It provides solutions in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe. The company was founded in 2007 and is headquartered in Aliso Viejo, California.
Higher Current Ratio
(5.30x in Q1FY25 vs 1.74x in Q1FY24)
Higher Quick Ratio
(4.64x in Q1FY25 vs 1.49x in Q1FY24)
Negative Net Margin
(-68.7% in Q1FY25)
Negative EBITDA Margin
(-52.5% in Q1FY25)
Macroeconomic and Geopolitical Uncertainty, Operational and Supply Chain Dependence, Customer Concentration and Demand Fluctuations, Competitive Market Landscape, etc.
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 3.84 | 3.44 | 4.0 | 4.25 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
1. Steady Revenue Growth and Margin Stability- In the first quarter of fiscal 2025, indie Semiconductor reported a 3.3% year-over-year revenue increase, reaching $54.1 million. The company maintained a non-GAAP gross margin of 49.5%, showing resilience despite ongoing macroeconomic and industry-specific challenges. While GAAP operating loss narrowed to $38.9 million from $49.6 million in the prior year, the non-GAAP operating loss also improved to $15.1 million from $17.2 million, indicating disciplined cost management.
2. Design-Win Momentum and Product Progress- indie continued to expand its footprint across global automotive customers. It secured multiple design wins for its vision processor (iND880) and wireless charging solutions, including partnerships with Valeo, BYD, Bosch, and Mercedes China. These wins cover key areas like in-cabin monitoring, eMirror applications, and Qi-certified wireless charging, reflecting ongoing customer engagement across different geographies.
3. Operational Restructuring for Efficiency- The company announced a restructuring plan aimed at improving operational efficiency and accelerating progress toward profitability. This plan, expected to conclude by year-end, targets annualized expense reductions of up to $40 million, which may support margin improvement over the coming quarters.
4. Outlook and Forward Planning- Looking ahead to Q2 2025, indie expects revenue in the range of $50 to $53 million, with $51.5 million at the midpoint. While production ramp timing may be affected by broader market uncertainty, the company continues to focus on executing its product roadmap and enhancing its cost structure to support longer-term growth.
Considering potential for operational efficiency, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given on indie Semiconductor Inc (NASDAQ: INDI) at the closing market price of USD 3.84, as on July 14, 2025.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Semiconductor Equipment & Materials
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| INDI indie Semiconductor Inc |
-0.01 0.24% | 4.08 | - | 128.21 | 3.44 | 1.72 | 3.87 | -10.5295 |
| ASML ASML Holding NV ADR |
3.13 0.44% | 721.62 | 49.01 | 44.05 | 13.98 | 26.27 | 13.85 | 38.25 |
| ASMLF ASML Holding NV |
-1.6 0.22% | 722.00 | 35.84 | 34.36 | 10.90 | 22.09 | 10.98 | 30.93 |
| AMAT Applied Materials Inc |
1.83 0.97% | 190.25 | 22.32 | 20.00 | 5.84 | 8.22 | 5.64 | 17.45 |
| KLAC KLA-Tencor Corporation |
7.02 0.77% | 923.11 | 40.82 | 25.71 | 9.52 | 30.25 | 9.80 | 24.77 |
Data Powered by EOD Historical Data (“EODHD”).
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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