Brokerages expect indie Semiconductor, Inc. (NASDAQ:INDI) to post sales of $18.24 million for the current quarter, according to Zacks. Four analysts have issued estimates for indie Semiconductor’s earnings. The lowest sales estimate is $18.10 million and the highest is $18.30 million. The company is scheduled to issue its next earnings report on Tuesday, February 22nd.
According to Zacks, analysts expect that indie Semiconductor will report full-year sales of $47.70 million for the current financial year, with estimates ranging from $47.60 million to $47.80 million. For the next fiscal year, analysts expect that the firm will post sales of $111.11 million, with estimates ranging from $105.20 million to $119.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover indie Semiconductor.
indie Semiconductor (NASDAQ:INDI) last announced its quarterly earnings results on Wednesday, November 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bamco Inc. NY grew its position in indie Semiconductor by 183.0% during the third quarter. Bamco Inc. NY now owns 4,920,761 shares of the company’s stock valued at $60,575,000 after acquiring an additional 3,181,687 shares during the last quarter. Luxor Capital Group LP bought a new position in indie Semiconductor during the second quarter valued at approximately $9,775,000. Primecap Management Co. CA bought a new position in indie Semiconductor during the third quarter valued at approximately $9,567,000. Millennium Management LLC bought a new position in indie Semiconductor during the second quarter valued at approximately $7,131,000. Finally, Hood River Capital Management LLC bought a new position in indie Semiconductor during the second quarter valued at approximately $7,204,000. Institutional investors and hedge funds own 21.55% of the company’s stock.
Shares of indie Semiconductor stock traded down $0.11 on Thursday, reaching $13.30. The stock had a trading volume of 778,239 shares, compared to its average volume of 1,044,879. indie Semiconductor has a 1 year low of $8.00 and a 1 year high of $16.33. The stock has a market capitalization of $1.73 billion, a P/E ratio of 3.72 and a beta of 0.01. The stock’s 50 day moving average price is $12.32.
About indie Semiconductor
indie Semiconductor, a fabless semiconductor company, designs and manufactures custom mixed-signal microcontrollers for automotive, medical, industrial, and consumer applications. The company offers custom solutions, standard products, and building blocks. It also integrates analog sub-systems, such as RF transceivers, power management circuitry, and sensor interfaces.
See Also: What is a front-end load?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for indie Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for indie Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.