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indie Semiconductor Inc (INDI)



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Upturn Advisory Summary
09/18/2025: INDI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $6.17
1 Year Target Price $6.17
4 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.6% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 746.56M USD | Price to earnings Ratio - | 1Y Target Price 6.17 |
Price to earnings Ratio - | 1Y Target Price 6.17 | ||
Volume (30-day avg) 6 | Beta 2.31 | 52 Weeks Range 1.53 - 5.57 | Updated Date 09/18/2025 |
52 Weeks Range 1.53 - 5.57 | Updated Date 09/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.84 |
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 -71.59% | Operating Margin (TTM) -69.5% |
Management Effectiveness
Return on Assets (TTM) -11.49% | Return on Equity (TTM) -36.56% |
Valuation
Trailing PE - | Forward PE 128.21 | Enterprise Value 923035775 | Price to Sales(TTM) 3.43 |
Enterprise Value 923035775 | Price to Sales(TTM) 3.43 | ||
Enterprise Value to Revenue 4.24 | Enterprise Value to EBITDA -10.53 | Shares Outstanding 198552068 | Shares Floating 195714759 |
Shares Outstanding 198552068 | Shares Floating 195714759 | ||
Percent Insiders 2.5 | Percent Institutions 99.72 |
Upturn AI SWOT
indie Semiconductor Inc

Company Overview
History and Background
indie Semiconductor was founded in 2007 and went public via SPAC in 2021. It focuses on providing automotive semiconductor solutions, initially concentrating on lighting and later expanding into other automotive applications.
Core Business Areas
- Automotive Lighting: Provides solutions for automotive lighting, including LED drivers and controllers.
- User Interface: Offers solutions for in-cabin monitoring systems (ICMS), touch control and display interfaces.
- Electrification: Provides solutions for EV and hybrid vehicles, including power management and motor control.
- Advanced Driver-Assistance Systems (ADAS): Offers solutions for ADAS, including radar and LiDAR systems.
Leadership and Structure
Donald McClymont serves as Co-founder and CEO. The company has a typical corporate structure with various departments focusing on engineering, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- LED Lighting Controllers: Chips controlling headlights, taillights, and ambient lighting. Competition includes NXP Semiconductors (NXPI), Texas Instruments (TXN), and Renesas Electronics (6723.T). Indie Semiconductor reports it captures 25% of the Automotive lighting market share.
- User Interface Chips: Interface solutions in cars for touch control, displays and in-cabin monitoring system (ICMS). Competition includes Omnivision(OVTI) and Texas Instruments (TXN). No market share data available
- 4D millimeter wave Radar: Radar sensors for ADAS systems. indie Semiconductor reports it captures 35% of the Automotive Radar market share. Competition includes NXP Semiconductors (NXPI), Texas Instruments (TXN).
Market Dynamics
Industry Overview
The automotive semiconductor industry is experiencing growth driven by the increasing adoption of electric vehicles, advanced driver-assistance systems (ADAS), and connected car technologies.
Positioning
indie Semiconductor is positioned as a key player in the automotive semiconductor market, focusing on innovative solutions for ADAS, electrification, and user experience. Its competitive advantages include its expertise in mixed-signal processing and its focus on high-growth automotive applications.
Total Addressable Market (TAM)
The automotive semiconductor TAM is expected to reach hundreds of billions of dollars by 2030. Indie Semiconductor is positioned to capture a significant share of this market by targeting specific high-growth applications.
Upturn SWOT Analysis
Strengths
- Strong focus on automotive applications
- Expertise in mixed-signal processing
- Innovative product portfolio
- Established relationships with automotive OEMs
Weaknesses
- Relatively small company compared to larger competitors
- Dependence on a limited number of key customers
- Potential supply chain vulnerabilities
Opportunities
- Growing demand for automotive semiconductors
- Expansion into new automotive applications
- Strategic partnerships and acquisitions
- Increasing adoption of electric vehicles and ADAS
Threats
- Intense competition from larger semiconductor companies
- Fluctuations in automotive industry demand
- Technological obsolescence
- Economic downturns
Competitors and Market Share
Key Competitors
- NXPI
- TXN
- ON
Competitive Landscape
indie Semiconductor competes with larger, more established semiconductor companies. It differentiates itself through its focus on specific automotive applications and its expertise in mixed-signal processing.
Major Acquisitions
Symeo GmbH
- Year: 2021
- Acquisition Price (USD millions): 180
- Strategic Rationale: Expanded radar capabilities for automotive and industrial applications.
Growth Trajectory and Initiatives
Historical Growth: indie Semiconductor has experienced significant revenue growth in recent years, driven by its focus on high-growth automotive applications.
Future Projections: Analysts project continued revenue growth for indie Semiconductor, driven by the increasing adoption of EVs, ADAS, and connected car technologies.
Recent Initiatives: Recent strategic initiatives include acquisitions to expand product portfolio and partnerships to strengthen relationships with automotive OEMs.
Summary
indie Semiconductor is a high-growth company focused on automotive semiconductors. It has strong revenue growth, but is currently unprofitable. Its key strengths are innovation and strategic partnerships, while weaknesses include dependence on a limited number of customers. Economic downturns could present a threat.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance may change.
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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