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indie Semiconductor Inc (INDI)

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Upturn Advisory Summary
12/11/2025: INDI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $6.14
1 Year Target Price $6.14
| 4 | Strong Buy |
| 2 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -32.4% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 893.52M USD | Price to earnings Ratio - | 1Y Target Price 6.14 |
Price to earnings Ratio - | 1Y Target Price 6.14 | ||
Volume (30-day avg) 6 | Beta 2.59 | 52 Weeks Range 1.53 - 6.05 | Updated Date 12/11/2025 |
52 Weeks Range 1.53 - 6.05 | Updated Date 12/11/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.75 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -66.45% | Operating Margin (TTM) -69.15% |
Management Effectiveness
Return on Assets (TTM) -10.96% | Return on Equity (TTM) -34.9% |
Valuation
Trailing PE - | Forward PE 128.21 | Enterprise Value 1104108681 | Price to Sales(TTM) 4.11 |
Enterprise Value 1104108681 | Price to Sales(TTM) 4.11 | ||
Enterprise Value to Revenue 5.08 | Enterprise Value to EBITDA -10.53 | Shares Outstanding 202611253 | Shares Floating 199809139 |
Shares Outstanding 202611253 | Shares Floating 199809139 | ||
Percent Insiders 2.43 | Percent Institutions 101.08 |
Upturn AI SWOT
indie Semiconductor Inc

Company Overview
History and Background
indie Semiconductor Inc. was founded in 2017 by a team of experienced semiconductor industry veterans. The company focuses on the automotive semiconductor market, aiming to provide innovative solutions for connected, autonomous, and electrified vehicles. Key milestones include its IPO in 2021, significant product launches, and strategic partnerships within the automotive ecosystem. The company has evolved to address the increasing demand for advanced semiconductor solutions driven by the rapid transformation of the automotive industry.
Core Business Areas
- Analog and Mixed-Signal ICs: indie Semiconductor designs and manufactures analog and mixed-signal integrated circuits (ICs) that are critical for various automotive functions, including power management, sensor interfaces, and signal conditioning.
- High-Performance Mixed-Signal ICs: The company offers specialized ICs for applications requiring high performance, such as advanced driver-assistance systems (ADAS), infotainment, and vehicle-to-everything (V2X) communication.
- Solutions for Electrification and Connectivity: indie Semiconductor provides ICs that support vehicle electrification (e.g., battery management) and enhance in-vehicle connectivity and data processing.
Leadership and Structure
indie Semiconductor Inc. is led by a management team with extensive experience in the semiconductor and automotive industries. The organizational structure is designed to foster innovation and agility, with teams dedicated to R&D, product development, sales, and marketing. Specific leadership roles and the exact organizational chart are typically detailed in investor relations materials and SEC filings.
Top Products and Market Share
Key Offerings
- Automotive Power Management ICs: These ICs are essential for efficient and reliable power delivery in vehicles, crucial for battery management, voltage regulation, and overall system efficiency. Competitors include Texas Instruments, Analog Devices, and Infineon Technologies. Market share data for specific product lines is proprietary, but the automotive power management IC market is substantial and growing.
- Automotive Sensor Interface ICs: Designed to interface with various automotive sensors (e.g., radar, lidar, cameras, pressure sensors), these ICs condition and process sensor data for ADAS and other critical functions. Competitors include NXP Semiconductors, Renesas Electronics, and STMicroelectronics. Market share is highly fragmented across various sensor types.
- Connectivity and Gateway ICs: These products enable seamless communication within the vehicle and with external networks, supporting features like V2X and advanced infotainment. Competitors include Qualcomm and NXP Semiconductors.
Market Dynamics
Industry Overview
The automotive semiconductor industry is experiencing rapid growth driven by the trends of electrification, autonomous driving, and advanced connectivity. This necessitates increasingly sophisticated and specialized semiconductor solutions, creating a dynamic and competitive market. Supply chain resilience and the ability to innovate quickly are key factors for success.
Positioning
indie Semiconductor Inc. positions itself as a specialized provider of innovative analog and mixed-signal ICs for the automotive market. Its competitive advantages lie in its deep understanding of automotive requirements, its focus on high-performance solutions, and its agility in product development. The company aims to be a key enabler of next-generation automotive technologies.
Total Addressable Market (TAM)
The TAM for automotive semiconductors is vast and continues to expand, estimated to be in the hundreds of billions of dollars. indie Semiconductor Inc. is positioned to capture a significant share of the TAM segments related to advanced power management, sensor interfaces, and connectivity solutions for ADAS, electrification, and infotainment.
Upturn SWOT Analysis
Strengths
- Specialized focus on the high-growth automotive semiconductor market.
- Experienced leadership team with deep industry knowledge.
- Innovative product portfolio addressing key automotive trends (ADAS, electrification, connectivity).
- Agile product development and design capabilities.
Weaknesses
- As a relatively young company, it may have less brand recognition and established customer relationships compared to larger, incumbent players.
- Reliance on a few key product lines or customer segments could pose a risk.
- Manufacturing is typically outsourced, which can introduce supply chain dependencies and cost considerations.
- Cash burn rate might be higher due to R&D investments and market expansion efforts.
Opportunities
- Increasing adoption of ADAS and autonomous driving technologies globally.
- Growing demand for electric vehicles (EVs) and their associated power management needs.
- Expansion into emerging markets and new automotive applications.
- Strategic partnerships and collaborations within the automotive ecosystem.
- Development of next-generation semiconductor solutions for future mobility.
Threats
- Intense competition from established semiconductor giants and emerging players.
- Global semiconductor supply chain disruptions and geopolitical risks.
- Rapid technological obsolescence requiring continuous innovation.
- Economic downturns affecting automotive production and demand.
- Stringent regulatory requirements and safety standards in the automotive industry.
Competitors and Market Share
Key Competitors
- NXP Semiconductors N.V. (NXPI)
- Infineon Technologies AG (IFNNY)
- Renesas Electronics Corporation (RNECY)
- Texas Instruments Incorporated (TXN)
- Analog Devices, Inc. (ADI)
- STMicroelectronics N.V. (STM)
Competitive Landscape
indie Semiconductor Inc. operates in a highly competitive landscape dominated by larger, well-established semiconductor companies with broader product portfolios and longer customer histories. indie's advantage lies in its specific focus on automotive applications and its ability to develop specialized, high-performance solutions tailored to the evolving needs of connected, autonomous, and electrified vehicles. Its smaller size can also translate to greater agility and faster innovation cycles for niche applications.
Growth Trajectory and Initiatives
Historical Growth: indie Semiconductor Inc. has demonstrated significant historical revenue growth since its inception, reflecting the increasing demand for its specialized automotive semiconductor solutions. This growth has been driven by new product introductions and expanding customer adoption.
Future Projections: Analyst projections for indie Semiconductor Inc.'s future growth are generally positive, driven by the sustained trends in automotive electrification, ADAS, and connectivity. Projections often focus on continued revenue expansion and the company's pathway to profitability. These projections can be found in financial analyst reports.
Recent Initiatives: Recent initiatives likely include the expansion of its product portfolio to address emerging automotive technologies, strengthening strategic partnerships with Tier-1 suppliers and OEMs, and increasing its global sales and engineering presence. Investments in R&D for next-generation solutions are also a continuous initiative.
Summary
indie Semiconductor Inc. is a promising growth-stage company strategically positioned in the rapidly expanding automotive semiconductor market. Its strengths lie in its specialized product offerings for electrification, connectivity, and ADAS, supported by an experienced leadership team. However, the company faces intense competition and the challenges of scaling in a capital-intensive industry. Continued innovation, successful market penetration, and efficient execution will be crucial for its long-term success, while it needs to carefully manage its cash burn and supply chain risks.
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Sources and Disclaimers
Data Sources:
- Company's official investor relations website and SEC filings (10-K, 10-Q, 8-K)
- Industry analysis reports from reputable market research firms (e.g., Gartner, IDC, Yole Du00e9veloppement)
- Financial news and analysis platforms (e.g., Bloomberg, Reuters, Yahoo Finance)
Disclaimers:
This analysis is based on publicly available information and represents a snapshot in time. Market conditions, company performance, and competitive landscapes are subject to change. This information is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About indie Semiconductor Inc
Exchange NASDAQ | Headquaters Aliso Viejo, CA, United States | ||
IPO Launch date 2021-06-10 | Co-Founder, CEO & Director Mr. Donald McClymont | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 920 | Website https://www.indie.inc |
Full time employees 920 | Website https://www.indie.inc | ||
indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, driver automation, 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, manufactures, and integrates photonic components on various technology platforms, including fiber Bragg gratings, low-noise lasers, athermal and tunable packaging, and low-noise and high-speed electronics. It provides solutions in the United States, Greater China, Europe, South Korea, rest of North America, rest of the Asia Pacific, and South America. The company was founded in 2007 and is headquartered in Aliso Viejo, California.

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