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indie Semiconductor, Inc. (INDI) Report Analysis

Corporate Events

Neutral

indie Semiconductor, Inc. Provides Earnings Gui...

2022-05-12 21:00:00

indie Semiconductor, Inc. provided earnings guidance for the second quarter of 2022. For the second quarter of 2022, company anticipate revenu...

Neutral

indie Semiconductor, Inc. - Shareholder/Analyst Call

2022-05-02 20:10:00

AGM

Neutral

indie Semiconductor, Inc., Annual General Meeti...

2022-05-02 20:10:00

indie Semiconductor, Inc., Annual General Meeting, Jun 22, 2022, at 09:00 Pacific Standard Time. Agenda: To consider election of directors; to...

Neutral

indie Semiconductor, Inc. Presents at B. Riley ...

2022-04-19 09:30:00

indie Semiconductor, Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-25-2022 . Venue: The Beverly Hilton Hotel, B...

Negative

Indie Semiconductor, Inc. Appoints Chet Babla a...

2022-04-07 13:00:00

indie Semiconductor, Inc. announced that Chet Babla has joined the company as Senior Vice President of Strategic Marketing, responsible for ex...

Neutral

indie Semiconductor, Inc. to Report Q1, 2022 Re...

2022-03-31 20:38:00

indie Semiconductor, Inc. announced that they will report Q1, 2022 results on May 12, 2022

Neutral

indie Semiconductor, Inc., Q1 2022 Earnings Cal...

2022-03-31 20:38:00

indie Semiconductor, Inc., Q1 2022 Earnings Call, May 12, 2022

Negative

indie Semiconductor, Inc. announced delayed ann...

2022-03-31 00:00:00

On 03/31/2022, indie Semiconductor, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Neutral

indie Semiconductor, Inc. Presents at AutoSens ...

2022-03-30 07:04:00

indie Semiconductor, Inc. Presents at AutoSens in Detroit Conference 2022, May-11-2022 10:40 AM. Venue: Michigan Science Center, Detroit, Mich...

Negative

indie Semiconductor, Inc. Announces Board Changes

2022-03-29 21:42:00

Effective March 28, 2022, William Woodward resigned as a member of the Board of Directors and the Nominating and Corporate Governance Committe...

Neutral

Sense Media Group Ltd, AutoSens in Detroit Conf...

2022-03-19 17:18:00

Sense Media Group Ltd, AutoSens in Detroit Conference 2022, May 10, 2022 through May 12, 2022. Venue: Michigan Science Center, Detroit, Michig...

Neutral

B. Riley Financial, Inc., B. Riley 22nd Annual ...

2022-01-12 16:21:00

B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022. Venue: The Beverly Hilton...

Neutral

indie Semiconductor, Inc. has filed a Shelf Reg...

2021-12-22 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $247.321056 million. Security Name: Class A common stock Securit...

Positive

indie Semiconductor, Inc.(NasdaqCM:INDI) added ...

2021-12-20 00:00:00

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P Semiconductors Select Industry Index

Positive

indie Semiconductor, Inc.(NasdaqCM:INDI) added ...

2021-12-19 00:00:00

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P Global BMI Index

Positive

indie Semiconductor, Inc. Launches Highly Integ...

2021-12-08 14:00:00

indie Semiconductor, Inc. launched the Company’s breakthrough Surya™ LiDAR system-on-a-chip (SOC) which enables advanced driver assistance sys...

Neutral

indie Semiconductor, Inc. has filed a Shelf Reg...

2021-12-08 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $40.961734 million. Security Name: Class A Common Stock Securiti...

Neutral

indie Semiconductor, Inc. has filed a Shelf Reg...

2021-12-03 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $24.378931 million. Security Name: Class A common stock Securiti...

Neutral

indie Semiconductor, Inc. has filed a Shelf Reg...

2021-11-22 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $89.225063 million. Security Name: Class A Common Stock Securiti...

Positive

indie Semiconductor, Inc. (NasdaqCM:INDI) acqui...

2021-11-22 00:00:00

indie Semiconductor, Inc. (NasdaqCM:INDI) acquired ON Design Israel Ltd for $20 million on on October 1, 2021. indie Semiconductor acquired ON...

Neutral

indie Semiconductor, Inc. has withdrawn its She...

2021-11-22 00:00:00

indie Semiconductor, Inc. has withdrawn its Shelf Registration dated November 12, 2021 in the amount of $79.00801 million. Security Name: C...

Neutral

indie Semiconductor, Inc. has filed a Shelf Reg...

2021-11-12 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $21.004749 million. Security Name: Class A Common Stock Securiti...

Neutral

indie Semiconductor, Inc. has filed a Shelf Reg...

2021-11-12 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $79.00801 million. Security Name: Class A Common Stock Securitie...

Neutral

Indie Semiconductor, Inc. Provides Earnings Gui...

2021-11-10 21:30:00

indie Semiconductor, Inc. provides earnings guidance for the Fourth Quarter 2021. For the quarter, the company expects 50% sequential and more...

Positive

indie Semiconductor, Inc. (NasdaqCM:INDI) enter...

2021-10-25 00:00:00

indie Semiconductor, Inc. (NasdaqCM:INDI) entered into a Share Purchase Agreement to acquire Symeo GmbH from Analog Devices, Inc. (NasdaqGS:AD...

Neutral

indie Semiconductor, Inc. to Report Q3, 2021 Re...

2021-10-13 13:00:00

indie Semiconductor, Inc. announced that they will report Q3, 2021 results After-Market on Nov 10, 2021

Neutral

indie Semiconductor, Inc., Q3 2021 Earnings Cal...

2021-10-13 13:00:00

indie Semiconductor, Inc., Q3 2021 Earnings Call, Nov 10, 2021

Positive

indie Semiconductor, Inc. (Nasdaq: INDI) comple...

2021-10-12 00:00:00

indie Semiconductor, Inc. (Nasdaq: INDI) agreed to acquire TeraXion Inc., from existing stockholders of TeraXion for approximately $160 millio...

Positive

indie Semiconductor Expands Edge Compute, Perce...

2021-10-05 20:30:00

indie Semiconductor, Inc. has created a dedicated business unit focused exclusively on high quality perception-enabled, vision processing solu...

Positive

indie Semiconductor, Inc.(NasdaqCM:INDI) added ...

2021-09-20 00:00:00

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P TMI Index

Neutral

indie Semiconductor, Inc. Presents at Deutsche ...

2021-09-09 20:30:00

indie Semiconductor, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 03:25 PM. Speakers: Donald McClymont, Co-Founder, ...

Positive

indie Semiconductor, Inc. (Nasdaq: INDI) agreed...

2021-08-31 00:00:00

indie Semiconductor, Inc. (Nasdaq: INDI) agreed to acquire TeraXion Inc., from existing stockholders of TeraXion for approximately $160 millio...

Neutral

indie Semiconductor, Inc. has filed a Shelf Reg...

2021-08-18 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $92.48925 million. Security Name: Class A Common Stock Securitie...

Negative

indie Semiconductor, Inc. Announces Auditor Changes

2021-07-21 17:50:00

On July 16, 2021, the Audit Committee of indie Semiconductor, Inc.'s Board of Directors appointed KPMG LLP, indie's principal accountant, to s...

Neutral

indie Semiconductor, Inc. has closed its Shelf ...

2021-07-13 00:00:00

indie Semiconductor, Inc. has closed its Shelf Registration dated July 02, 2021 in the amount of $965.762564 million. Security Name: Class ...

Neutral

indie Semiconductor, Inc. to Report Q2, 2021 Re...

2021-07-09 13:00:00

indie Semiconductor, Inc. announced that they will report Q2, 2021 results After-Market on Aug 10, 2021

Neutral

indie Semiconductor, Inc., Q2 2021 Earnings Cal...

2021-07-09 13:00:00

indie Semiconductor, Inc., Q2 2021 Earnings Call, Aug 10, 2021

Neutral

indie Semiconductor, Inc. has filed a Shelf Reg...

2021-07-02 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $965.762564 million. Security Name: Class A Common Stock Securit...

Neutral

indie Semiconductor, Inc. Provides Earnings Guidance for the Second Quarter of 2022

2022-05-12 21:00:00

indie Semiconductor, Inc. provided earnings guidance for the second quarter of 2022. For the second quarter of 2022, company anticipate revenue growth on the order of 172% to 183% year-over-year and in the range of $25 million to $26 million, putting indie on pace for another record quarter. At the midpoint of this range, company on a greater than $100 million annualized revenue run rate. The company expects a net loss of $0.12 per share.

Neutral

indie Semiconductor, Inc. - Shareholder/Analyst Call

2022-05-02 20:10:00

AGM

Neutral

indie Semiconductor, Inc., Annual General Meeting, Jun 22, 2022

2022-05-02 20:10:00

indie Semiconductor, Inc., Annual General Meeting, Jun 22, 2022, at 09:00 Pacific Standard Time. Agenda: To consider election of directors; to consider approval of amendment to 2021 omnibus equity incentive plan; to consider approval of the indie semiconductor, inc. employee stock purchase plan; ratification of selection of independent registered public accounting firm; and to consider other matters.

Neutral

indie Semiconductor, Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-25-2022

2022-04-19 09:30:00

indie Semiconductor, Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-25-2022 . Venue: The Beverly Hilton Hotel, Beverly Hills, California, United States.

Negative

Indie Semiconductor, Inc. Appoints Chet Babla as Senior Vice President of Strategic Marketing

2022-04-07 13:00:00

indie Semiconductor, Inc. announced that Chet Babla has joined the company as Senior Vice President of Strategic Marketing, responsible for expanding the Company’s Tier 1 and automotive OEM customer base as well as supporting product roadmap development. Mr. Babla has worked in the technology industry for over 25 years in a variety of technical and commercial roles, starting his career as a chip designer. He most recently served as Vice President of Arm’s Automotive Line of Business where he led a team focused on delivering the processing technology required for automotive applications including powertrain, digital cockpit, ADAS and autonomous driving. Prior to Arm, Mr. Babla has held multiple senior roles in the semiconductor industry and has also advised the UK government on its ICT trade and investment strategy. Mr. Babla holds a first-class degree in Electrical & Electronic Engineering from The University of Huddersfield, UK, and has completed multiple executive leadership programs, including at the Haas School of Business, University of California Berkeley.

Neutral

indie Semiconductor, Inc. to Report Q1, 2022 Results on May 12, 2022

2022-03-31 20:38:00

indie Semiconductor, Inc. announced that they will report Q1, 2022 results on May 12, 2022

Neutral

indie Semiconductor, Inc., Q1 2022 Earnings Call, May 12, 2022

2022-03-31 20:38:00

indie Semiconductor, Inc., Q1 2022 Earnings Call, May 12, 2022

Negative

indie Semiconductor, Inc. announced delayed annual 10-K filing

2022-03-31 00:00:00

On 03/31/2022, indie Semiconductor, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Neutral

indie Semiconductor, Inc. Presents at AutoSens in Detroit Conference 2022, May-11-2022 10:40 AM

2022-03-30 07:04:00

indie Semiconductor, Inc. Presents at AutoSens in Detroit Conference 2022, May-11-2022 10:40 AM. Venue: Michigan Science Center, Detroit, Michigan, United States. Speakers: Abhay Rai, Senior Vice President.

Negative

indie Semiconductor, Inc. Announces Board Changes

2022-03-29 21:42:00

Effective March 28, 2022, William Woodward resigned as a member of the Board of Directors and the Nominating and Corporate Governance Committee (the Nominating Committee") of indie Semiconductor, Inc. Mr. Woodward's decision to step down from the Board did not involve any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Diane Biagianti has been appointed by the Board as a Class II director, upon the recommendation of itsNominating Committee, to fill the vacancy created by Mr. Woodward's resignation. Ms. Biagianti will serve until the Company's 2023 Annual Meeting of Stockholders and until her respective successor is duly elected and qualified, or until her earlier death, resignation or removal, with such appointment to be effective as of April 1, 2022. The Board has appointed Ms. Biagianti to serve on the Nominating and Corporate Governance Committee. The Board has also affirmatively determined that Ms. Biagianti is an independent director under applicable listing standards of the Nasdaq Stock Market LLC.

Neutral

Sense Media Group Ltd, AutoSens in Detroit Conference 2022, May 10, 2022 through May 12, 2022

2022-03-19 17:18:00

Sense Media Group Ltd, AutoSens in Detroit Conference 2022, May 10, 2022 through May 12, 2022. Venue: Michigan Science Center, Detroit, Michigan, United States.

Neutral

B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022

2022-01-12 16:21:00

B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022. Venue: The Beverly Hilton Hotel, Beverly Hills, California, United States.

Neutral

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $247.321056 million.

2021-12-22 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $247.321056 million. Security Name: Class A common stock Securities Offered: 24,035,088

Positive

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P Semiconductors Select Industry Index

2021-12-20 00:00:00

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P Semiconductors Select Industry Index

Positive

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P Global BMI Index

2021-12-19 00:00:00

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P Global BMI Index

Positive

indie Semiconductor, Inc. Launches Highly Integrated Surya™ LiDAR SoC

2021-12-08 14:00:00

indie Semiconductor, Inc. launched the Company’s breakthrough Surya™ LiDAR system-on-a-chip (SOC) which enables advanced driver assistance systems (ADAS) and autonomous driving functionality. LiDAR, or light detection and ranging, is a critical sensing technology for achieving maximum levels of safety for assisted and self-driving cars. indie’s device is designed for high performance LiDAR and integrates both high speed analog to digitalconverters and digital signal processing to facilitate the reliable detection of long-range targets. Surya™ consumes significantly lower power when compared to current architectures and is substantially more cost-effective than current FPGA-based designs.

Neutral

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $40.961734 million.

2021-12-08 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $40.961734 million. Security Name: Class A Common Stock Securities Offered: 3,016,328

Neutral

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $24.378931 million.

2021-12-03 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $24.378931 million. Security Name: Class A common stock Securities Offered: 1,751,360 Transaction Features: ESOP Related Offering

Neutral

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $89.225063 million.

2021-11-22 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $89.225063 million. Security Name: Class A Common Stock Securities Offered: 5,805,144

Positive

indie Semiconductor, Inc. (NasdaqCM:INDI) acquired ON Design Israel Ltd. for $20 million.

2021-11-22 00:00:00

indie Semiconductor, Inc. (NasdaqCM:INDI) acquired ON Design Israel Ltd for $20 million on on October 1, 2021. indie Semiconductor acquired ON Design for $4.974 million in cash at closing, $7.5 million of cash to be paid in 2022 and up to $7.5 million of cash based on design win performance. Upon completion of the acquisition, ON Design Israel was renamed to indie Semiconductor Design Israel Ltd. indie Semiconductor, Inc. (NasdaqCM:INDI) completed the acquisition of ON Design Israel Ltd on October 1, 2021. O'Melveny & Myers LLP acted as legal advisor to indie Semiconductor, Inc.

Neutral

indie Semiconductor, Inc. has withdrawn its Shelf Registration dated November 12, 2021 in the amount of $79.00801 million.

2021-11-22 00:00:00

indie Semiconductor, Inc. has withdrawn its Shelf Registration dated November 12, 2021 in the amount of $79.00801 million. Security Name: Class A Common Stock Securities Offered: 5,805,144

Neutral

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $21.004749 million.

2021-11-12 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $21.004749 million. Security Name: Class A Common Stock Securities Offered: 1,543,332 Transaction Features: ESOP Related Offering

Neutral

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $79.00801 million.

2021-11-12 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $79.00801 million. Security Name: Class A Common Stock Securities Offered: 5,805,144

Neutral

Indie Semiconductor, Inc. Provides Earnings Guidance for the Fourth Quarter 2021

2021-11-10 21:30:00

indie Semiconductor, Inc. provides earnings guidance for the Fourth Quarter 2021. For the quarter, the company expects 50% sequential and more than 170% year-over-year revenue growth. With this guidance, which includes a partial quarter of recently completed TeraXion acquisition, the company is approaching a $75 million annualized revenue run rate and is on pace to more than double total revenue in 2021.

Positive

indie Semiconductor, Inc. (NasdaqCM:INDI) entered into a Share Purchase Agreement to acquire Symeo GmbH from Analog Devices, Inc. (NasdaqGS:ADI) for $30.4 million.

2021-10-25 00:00:00

indie Semiconductor, Inc. (NasdaqCM:INDI) entered into a Share Purchase Agreement to acquire Symeo GmbH from Analog Devices, Inc. (NasdaqGS:ADI) for $30.4 million on October 21, 2021. The consideration is payable as follows, $10 million in cash at closing, $10 million payable in promissory notes in 2023, and up to an additional $5 million is payable in indie Class A common stock upon the completion of each of the first and second four quarter periods following the closing based on revenues earned in such periods in excess of specified milestones. Assuming no adjustment, the maximum number of earnout shares that may be earned for each four quarter period shall not exceed 429,184 shares. The transaction is subject to customary representations and warranties, and is subject to customary closing conditions and regulatory approval, including the submission of a notice pursuant to Sec. 55a Par. 4 AWV to the German Federal Ministry of Economics.

Neutral

indie Semiconductor, Inc. to Report Q3, 2021 Results on Nov 10, 2021

2021-10-13 13:00:00

indie Semiconductor, Inc. announced that they will report Q3, 2021 results After-Market on Nov 10, 2021

Neutral

indie Semiconductor, Inc., Q3 2021 Earnings Call, Nov 10, 2021

2021-10-13 13:00:00

indie Semiconductor, Inc., Q3 2021 Earnings Call, Nov 10, 2021

Positive

indie Semiconductor, Inc. (Nasdaq: INDI) completed the acquisition of TeraXion Inc., from existing stockholders of TeraXion for approximately $140 million.

2021-10-12 00:00:00

indie Semiconductor, Inc. (Nasdaq: INDI) agreed to acquire TeraXion Inc., from existing stockholders of TeraXion for approximately $160 million on August 27, 2021. Based on indie’s closing stock price as of August 30, 2021, indie will pay approximately US$158.5 million for TeraXion, comprised of US$79.3 million in cash plus 7.9 million indie Class A common shares. The Purchase Price is subject to working capital and other adjustments. The Purchase Price also includes the option consideration payable to the holders of the then outstanding options to purchase TeraXion common stock. Ghislain Lafrance, TeraXion’s president and Chief Executive Officer plans to join indie’s senior management team and continue to lead TeraXion’s operations in Quebec. The transaction has been approved by the boards of Directors of both indie and TeraXion. The transaction is subject to regulatory approval and customary closing conditions. Excluding any non-recurring acquisition-related charges and amortization of intangibles, indie expects the acquisition to be immediately accretive and will provide more financial details during its next earnings conference call. The transaction is expected to close in the fourth quarter of 2021. Pierre Déry of Norton Rose Fulbright Canada LLP and Mark Peterson of O’Melveny & Myers LLP acted as legal advisor for indie Semiconductor, Inc. in the transaction. indie Semiconductor, Inc. (Nasdaq: INDI) completed the acquisition of TeraXion Inc., from existing stockholders of TeraXion for approximately $140 million on October 12, 2021. Total consideration paid for the acquisition consisted of approximately $75.3 million in cash (including debt paid at closing and net of cash acquired) and issuance of 5,805,144 shares of indie Class A common stock. indie Semiconductor acquired $5.6 million of cash.

Positive

indie Semiconductor Expands Edge Compute, Perception-Enabled Vision Processing Capabilities

2021-10-05 20:30:00

indie Semiconductor, Inc. has created a dedicated business unit focused exclusively on high quality perception-enabled, vision processing solutions to address the majority of usage cases for advanced driver-assistance systems (ADAS)-enabled vehicles. Ramesh Singh, an industry veteran, is leading indie’s new VisionQ business unit, which is supported by an exceptional team that together has already successfully brought millions of silicon, software and system solutions to the vision processing market over the last two decades. The group’s combined development capabilities, expertise in building large scale vision businesses and vast relationships worldwide position indie to deliver best-in-class sensing platforms for ADAS applications. Enabling complex camera solutions with artificial intelligence (AI) functions are rapidly being adopted by major Tier 1s and OEMs as a way of bringing intelligence to solve difficult sensing problems. As the requirements for these compute functions increase, the integration within the power profile and the form-factor becomes even more challenging. Integrating the AI algorithms and sensing functions into the numerous automotive cameras requires intelligent edge-compute vision processing in practically every product to solve the varying levels of computational processing. indie believes ADAS solutions that integrate the perception stack (by fusing advanced sensing algorithms across vision, radar and LiDAR) will drive adoption of safety features being mandated globally.

Positive

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P TMI Index

2021-09-20 00:00:00

indie Semiconductor, Inc.(NasdaqCM:INDI) added to S&P TMI Index

Neutral

indie Semiconductor, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 03:25 PM

2021-09-09 20:30:00

indie Semiconductor, Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-10-2021 03:25 PM. Speakers: Donald McClymont, Co-Founder, CEO & Director.

Positive

indie Semiconductor, Inc. (Nasdaq: INDI) agreed to acquire TeraXion Inc., from existing stockholders of TeraXionfor approximately $160 million.

2021-08-31 00:00:00

indie Semiconductor, Inc. (Nasdaq: INDI) agreed to acquire TeraXion Inc., from existing stockholders of TeraXion for approximately $160 million on August 27, 2021. Based on indie’s closing stock price as of August 30, 2021, indie will pay approximately US$158.5 million for TeraXion, comprised of US$79.3 million in cash plus 7.9 million indie Class A common shares. The Purchase Price is subject to working capital and other adjustments. The Purchase Price also includes the option consideration payable to the holders of the then outstanding options to purchase TeraXion common stock. Ghislain Lafrance, TeraXion’s president and Chief Executive Officer plans to join indie’s senior management team and continue to lead TeraXion’s operations in Quebec. The transaction has been approved by the boards of Directors of both indie and TeraXion. The transaction is subject to regulatory approval and customary closing conditions. Excluding any non-recurring acquisition-related charges and amortization of intangibles, indie expects the acquisition to be immediately accretive and will provide more financial details during its next earnings conference call. The transaction is expected to close in the fourth quarter of 2021. Pierre Déry of Norton Rose Fulbright Canada LLP and Mark Peterson of O’Melveny & Myers LLP acted as legal advisor for indie Semiconductor, Inc. in the transaction.

Neutral

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $92.48925 million.

2021-08-18 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $92.48925 million. Security Name: Class A Common Stock Securities Offered: 10,368,750 Transaction Features: ESOP Related Offering

Negative

indie Semiconductor, Inc. Announces Auditor Changes

2021-07-21 17:50:00

On July 16, 2021, the Audit Committee of indie Semiconductor, Inc.'s Board of Directors appointed KPMG LLP, indie's principal accountant, to serve as the principal accountant to audit the company's financial statements and determined that Grant Thornton LLP, Thunder Bridge II's principal accountant, will not continue as the company's principal accountant.

Neutral

indie Semiconductor, Inc. has closed its Shelf Registration dated July 02, 2021 in the amount of $965.762564 million.

2021-07-13 00:00:00

indie Semiconductor, Inc. has closed its Shelf Registration dated July 02, 2021 in the amount of $965.762564 million. Security Name: Class A Common Stock Securities Offered: 98,246,446

Neutral

indie Semiconductor, Inc. to Report Q2, 2021 Results on Aug 10, 2021

2021-07-09 13:00:00

indie Semiconductor, Inc. announced that they will report Q2, 2021 results After-Market on Aug 10, 2021

Neutral

indie Semiconductor, Inc., Q2 2021 Earnings Call, Aug 10, 2021

2021-07-09 13:00:00

indie Semiconductor, Inc., Q2 2021 Earnings Call, Aug 10, 2021

Neutral

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $965.762564 million.

2021-07-02 00:00:00

indie Semiconductor, Inc. has filed a Shelf Registration in the amount of $965.762564 million. Security Name: Class A Common Stock Securities Offered: 98,246,446

Fundamental Summary

indie Semiconductor published concerning discouraging results on 2022-05-13. The company's value and growth factors performance indicate that company management is missing key targets and not executing well in areas that matter most. These results indicate a weak growth potential for indie Semiconductor's stock's price moving forward. As such, indie Semiconductor received an overall score of 49 and a UNDERPERFORM recommendation.

indie Semiconductor reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 22 million compared to USD 8.11 million a year ago. Net income was USD 10.83 million compared to USD 10.82 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.35 a year ago.

Business Description

indie Semiconductor provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications. It offers devices for a multitude of automotive applications spanning ultrasound for parking assistance, in cabin wireless charging, infotainment and LED lighting for enhancing the user experience, and telematics and cloud access for connectivity; and 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 for the laser systems, optical sensing, and optical communication markets. The company was incorporated in 2007 and is headquartered in Aliso Viejo, California.

Sector Overview

indie Semiconductor is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. indie Semiconductor's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 487.2 3.5% 54
Liabilities 170.0 -5.1% 48
Price to Book 2.3 -44.0% 55
Cash & Equivalents 193.0 -11.9% 56
Equity 333.8 6.6% 72
EBITDA -85.3 -27.6% 46
Total Revenues 62.3 28.7% 37
Parameter Value Change Score
Return on Equity -102.0 18.2% 71
Net Cashflow 184.5 -8.1% 69
Capital Expenditure -3.1 -15.8% 52
Asset Turnover 0.2 26.6% 98
Free Cashflow -0.7 12.8% 80

* All values are TTM

The below chart reflects indie Semiconductor's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While indie Semiconductor's peer average final assessment score stands on 61.0, indie Semiconductor's score is 49.

  •  INDI
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 0 1
Rigetti Computing, Inc. 413.5M 98 72 58
Buy
84
84 1 1
Meta Materials Inc. 396.9M 42 43 84
Underperform
47
47 2 1
Transphorm, Inc. 255.8M 45 68 88
Hold
69
69 3 1
NVIDIA Corporation 400.2B 71 63 82
Hold
76
76 4 1
Intel Corporation 154.5B 77 76 58
Hold
75
75 5 1
QUALCOMM Incorporated 147.4B 82 66 77
Buy
82
82 6 1
Texas Instruments Incorporated 142.2B 76 74 70
Buy
80
80 7 1
Advanced Micro Devices, Inc. 130.9B 88 59 57
Hold
68
68 8 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 9 1
Applied Materials, Inc. 82.7B 60 72 69
Hold
69
69 10 1
Analog Devices, Inc. 77.2B 69 65 84
Hold
78
78 11 1
Micron Technology, Inc. 64.6B 81 74 80
Strong Buy
89
89 12 1
Lam Research Corporation 60.8B 60 74 69
Hold
70
70 13 1
KLA Corporation 49.3B 66 67 74
Hold
72
72 14 1
NXP Semiconductors N.V. 40.5B 64 71 73
Hold
73
73 15 1
Marvell Technology, Inc. 38.5B 60 64 65
Hold
62
62 16 1
Microchip Technology Incorporated 33.0B 79 71 79
Buy
85
85 17 1
Enphase Energy, Inc. 25.7B 58 57 60
Underperform
52
52 18 1
GLOBALFOUNDRIES Inc. 23.9B 78 70 63
Hold
75
75 19 1
ON Semiconductor Corporation 22.9B 81 73 70
Buy
82
82 20 1
Monolithic Power Systems, Inc. 18.5B 84 66 77
Buy
83
83 21 1
Skyworks Solutions, Inc. 15.5B 62 70 71
Hold
70
70 22 1
SolarEdge Technologies, Inc. 15.5B 81 53 43
Underperform
53
53 23 1
Teradyne, Inc. 15.3B 52 75 68
Hold
66
66 24 1
Entegris, Inc. 14.1B 70 69 65
Hold
70
70 25 1
Qorvo, Inc. 10.2B 67 72 73
Hold
75
75 26 1
Wolfspeed, Inc. 8.2B 74 69 55
Hold
66
66 27 1
First Solar, Inc. 7.2B 59 73 53
Underperform
60
60 28 1
Lattice Semiconductor Corporation 6.8B 68 71 77
Hold
78
78 29 1
MKS Instruments, Inc. 5.8B 70 74 59
Hold
70
70 30 1
Silicon Laboratories Inc. 5.3B 72 70 86
Buy
84
84 31 1
Universal Display Corporation 5.2B 75 68 71
Hold
76
76 32 1
CMC Materials, Inc. 5.1B 81 76 74
Strong Buy
87
87 33 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 34 1
Daqo New Energy Corp. 5.0B 93 65 89
Strong Buy
95
95 35 1
Synaptics Incorporated 4.9B 81 68 66
Hold
76
76 36 1
Power Integrations, Inc. 4.4B 61 80 82
Buy
82
82 37 1
Amkor Technology, Inc. 4.2B 75 70 60
Hold
71
71 38 1
Cirrus Logic, Inc. 4.1B 86 67 90
Strong Buy
92
92 39 1
Allegro MicroSystems, Inc. 4.0B 74 61 56
Hold
62
62 40 1
SiTime Corporation 3.6B 59 64 62
Underperform
59
59 41 1
Onto Innovation Inc. 3.6B 78 67 85
Buy
85
85 42 1
Semtech Corporation 3.5B 67 75 77
Buy
80
80 43 1
MACOM Technology Solutions Holdings, Inc. 3.3B 70 76 68
Hold
77
77 44 1
JinkoSolar Holding Co., Ltd. 3.2B 89 62 74
Buy
81
81 45 1
FormFactor, Inc. 3.1B 84 80 67
Strong Buy
87
87 46 1
Diodes Incorporated 3.0B 62 76 72
Hold
75
75 47 1
SunPower Corporation 3.0B 61 49 74
Underperform
56
56 48 1
Silicon Motion Technology Corporation 2.8B 54 72 61
Hold
65
65 49 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 50 1
Nova Ltd. 2.7B 61 69 54
Hold
64
64 51 1
Ambarella, Inc. 2.6B 64 72 79
Hold
77
77 52 1
Kulicke and Soffa Industries, Inc. 2.6B 58 79 82
Buy
80
80 53 1
Rambus Inc. 2.4B 48 64 89
Hold
69
69 54 1
Canadian Solar Inc. 2.0B 59 72 71
Hold
71
71 55 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 56 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 57 1
Himax Technologies, Inc. 1.6B 77 70 66
Buy
79
79 58 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 59 1
Ultra Clean Holdings, Inc. 1.4B 63 63 61
Hold
60
60 60 1
Cohu, Inc. 1.3B 58 75 59
Hold
64
64 61 1
Photronics, Inc. 1.2B 69 71 82
Buy
81
81 62 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 63 1
SMART Global Holdings, Inc. 1.0B 86 65 62
Hold
75
75 64 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 65 1
Alpha and Omega Semiconductor Limited 929.5M 77 69 54
Hold
68
68 66 1
ACM Research, Inc. 917.6M 52 67 50
Underperform
50
50 67 1
NeoPhotonics Corporation 838.5M 66 69 71
Hold
72
72 68 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 69 1
PDF Solutions, Inc. 808.6M 63 71 89
Buy
82
82 70 1
CEVA, Inc. 778.5M 73 71 71
Hold
77
77 71 1
Ichor Holdings, Ltd. 754.1M 60 67 58
Underperform
59
59 72 1
Magnachip Semiconductor Corporation 667.1M 74 90 57
Buy
82
82 73 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 74 1
Maxeon Solar Technologies, Ltd. 575.9M 53 49 84
Hold
60
60 75 1
Navitas Semiconductor Corporation 533.1M 67 53 90
Hold
72
72 76 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 77 1
Valens Semiconductor Ltd. 357.2M 75 65 66
Hold
75
75 78 1
Rockley Photonics Holdings Limited 305.7M 42 79 60
Underperform
59
59 79 1
CyberOptics Corporation 272.8M 75 71 72
Hold
78
78 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. indie Semiconductor's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), indie Semiconductor's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 6.18
52W Low 5.33
52W High 15.85
5D MA 6.4
50D MA 6.86
200D MA 9.46
MACD -0.2
RSI 13.9
STOCH 0.6

Balance Sheet Analysis

A couple metrics from indie Semiconductor's current balance sheet were especially concerning: Liabilities and Assets. indie Semiconductor's liabilities stood at 170.0 in the current filing, which represents a -5.1% change from the previous report. indie Semiconductor's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Its liabilities movement component, therefore, received a grade of 48. Also, indie Semiconductor assets metrics were reported as 487.2, representing a 3.5% change from the last filing. The lack of good news about assets momentum should be a cause for concern and is often met with downward pressure on the company's stock price. Consequently, their asset movement received a grade of 54. However, we can draw some encouragement from indie Semiconductor's momentum in Equity generation. indie Semiconductor did a great job related to equity this period, which stood at 333.8, representing a 6.6% change. This parameter often affects companies in the same industry and market capitalization by up to 4.5%. These metrics are all the more impressive relative to their peers and should support an upswing in their stock price. The company's equity movement component, therefore, received a grade of 72. Therefore, it received a cautionary score of 44.

Parameter Value Change Score
Assets 487.2 3.5% 54
Liabilities 170.0 -5.1% 48
Price to Book 2.3 -44.0% 55
Cash & Equivalents 193.0 -11.9% 56
Equity 333.8 6.6% 72
* All values are TTM

The below chart describes indie Semiconductor's performance as reflected on its balance sheet with respect to its peers. While indie Semiconductor received a balance sheet score of 44, the average of its peers stands on 64.0.

  •  INDI
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 0 1
Rigetti Computing, Inc. 413.5M 93 62 85 99 98 98 1 1
Meta Materials Inc. 396.9M 51 78 42 41 51 42 2 1
Transphorm, Inc. 255.8M 41 86 39 47 54 45 3 1
NVIDIA Corporation 400.2B 78 70 65 97 54 71 4 1
Intel Corporation 154.5B 65 69 76 90 81 77 5 1
QUALCOMM Incorporated 147.4B 57 71 96 80 80 82 6 1
Texas Instruments Incorporated 142.2B 63 69 87 46 84 76 7 1
Advanced Micro Devices, Inc. 130.9B 93 61 78 96 80 88 8 1
Broadcom Inc. 102.5B 67 79 58 56 55 62 9 1
Applied Materials, Inc. 82.7B 71 72 63 41 55 60 10 1
Analog Devices, Inc. 77.2B 62 80 66 66 66 69 11 1
Micron Technology, Inc. 64.6B 73 69 85 76 74 81 12 1
Lam Research Corporation 60.8B 72 77 58 51 45 60 13 1
KLA Corporation 49.3B 75 62 73 53 66 66 14 1
NXP Semiconductors N.V. 40.5B 71 68 56 62 76 64 15 1
Marvell Technology, Inc. 38.5B 71 84 50 46 51 60 16 1
Microchip Technology Incorporated 33.0B 65 84 76 72 66 79 17 1
Enphase Energy, Inc. 25.7B 89 60 39 97 56 58 18 1
GLOBALFOUNDRIES Inc. 23.9B 81 65 74 82 74 78 19 1
ON Semiconductor Corporation 22.9B 74 68 77 89 82 81 20 1
Monolithic Power Systems, Inc. 18.5B 85 64 76 92 80 84 21 1
Skyworks Solutions, Inc. 15.5B 69 77 63 46 52 62 22 1
SolarEdge Technologies, Inc. 15.5B 77 62 78 96 85 81 23 1
Teradyne, Inc. 15.3B 49 81 62 45 47 52 24 1
Entegris, Inc. 14.1B 62 70 75 55 78 70 25 1
Qorvo, Inc. 10.2B 64 83 64 67 55 67 26 1
Wolfspeed, Inc. 8.2B 96 63 59 97 55 74 27 1
First Solar, Inc. 7.2B 76 70 50 58 58 59 28 1
Lattice Semiconductor Corporation 6.8B 53 79 78 60 64 68 29 1
MKS Instruments, Inc. 5.8B 60 73 73 76 72 70 30 1
Silicon Laboratories Inc. 5.3B 89 81 59 45 48 72 31 1
Universal Display Corporation 5.2B 57 76 83 85 69 75 32 1
CMC Materials, Inc. 5.1B 65 78 73 87 82 81 33 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 58 65 34 1
Daqo New Energy Corp. 5.0B 91 62 81 95 93 93 35 1
Synaptics Incorporated 4.9B 71 71 79 92 76 81 36 1
Power Integrations, Inc. 4.4B 56 82 58 79 53 61 37 1
Amkor Technology, Inc. 4.2B 70 68 75 74 77 75 38 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 73 86 39 1
Allegro MicroSystems, Inc. 4.0B 68 69 74 81 76 74 40 1
SiTime Corporation 3.6B 57 67 66 73 64 59 41 1
Onto Innovation Inc. 3.6B 83 70 67 72 73 78 42 1
Semtech Corporation 3.5B 58 79 68 67 64 67 43 1
MACOM Technology Solutions Holdings, Inc. 3.3B 65 75 74 38 74 70 44 1
JinkoSolar Holding Co., Ltd. 3.2B 86 62 77 94 94 89 45 1
FormFactor, Inc. 3.1B 72 70 84 82 80 84 46 1
Diodes Incorporated 3.0B 47 78 71 51 71 62 47 1
SunPower Corporation 3.0B 72 81 42 83 54 61 48 1
Silicon Motion Technology Corporation 2.8B 40 85 60 40 48 54 49 1
MaxLinear, Inc. 2.7B 68 71 75 85 74 76 50 1
Nova Ltd. 2.7B 86 45 75 48 82 61 51 1
Ambarella, Inc. 2.6B 46 75 74 86 65 64 52 1
Kulicke and Soffa Industries, Inc. 2.6B 46 83 60 76 56 58 53 1
Rambus Inc. 2.4B 43 83 41 95 54 48 54 1
Canadian Solar Inc. 2.0B 91 54 59 62 62 59 55 1
Axcelis Technologies, Inc. 1.9B 76 68 84 71 73 81 56 1
Credo Technology Group Holding Ltd 1.7B 94 61 78 79 86 88 57 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 58 1
Impinj, Inc. 1.4B 63 68 79 39 92 72 59 1
Ultra Clean Holdings, Inc. 1.4B 56 78 69 48 67 63 60 1
Cohu, Inc. 1.3B 53 82 57 59 58 58 61 1
Photronics, Inc. 1.2B 53 85 66 76 66 69 62 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 63 1
SMART Global Holdings, Inc. 1.0B 89 63 75 95 82 86 64 1
Veeco Instruments Inc. 1.0B 84 71 41 78 47 58 65 1
Alpha and Omega Semiconductor Limited 929.5M 89 63 68 87 67 77 66 1
ACM Research, Inc. 917.6M 87 57 51 43 50 52 67 1
NeoPhotonics Corporation 838.5M 89 66 49 72 64 66 68 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 69 1
PDF Solutions, Inc. 808.6M 54 81 63 90 51 63 70 1
CEVA, Inc. 778.5M 81 74 60 87 60 73 71 1
Ichor Holdings, Ltd. 754.1M 59 76 66 38 63 60 72 1
Magnachip Semiconductor Corporation 667.1M 56 78 79 72 72 74 73 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 74 1
Maxeon Solar Technologies, Ltd. 575.9M 87 68 40 78 38 53 75 1
Navitas Semiconductor Corporation 533.1M 37 80 80 62 79 67 76 1
Helix Technology Corporation 364.9M 65 78 79 85 52 65 77 1
Valens Semiconductor Ltd. 357.2M 92 70 66 45 72 75 78 1
Rockley Photonics Holdings Limited 305.7M 49 82 40 37 52 42 79 1
CyberOptics Corporation 272.8M 71 66 72 64 86 75 80 1

Income Statement Analysis

A deep look into indie Semiconductor's income statement metrics showed some disappointing metrics. The most troubling factors we're looking at are the Revenue Efficiency and EBITDA . indie Semiconductor reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 62.3 and represented 28.7% change from the previous period. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 37. Also, indie Semiconductor reported concerning EBITDA this period. At filing, EBITDA was reported as -85.3, representing -27.6% change from the previous period. This parameter coud affect companies in the same industry and market capitalization by up to 13.2%. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Its EBITDA movement, therefore, received a grade of 46. However, one encouraging metric, Return Factors, stood out. indie Semiconductor's reported return on equity (ROE) ratio was -102.0, representing a change of 18.2%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 71. The companie's income statement, therefore, earned a score of 43.

Parameter Value Change Score
EBITDA -85.3 -27.6% 46
Total Revenues 62.3 28.7% 37
Return on Equity -102.0 18.2% 71
* All values are TTM

The below chart describes indie Semiconductor's performance as reflected on its income statement with respect to its peers. While indie Semiconductor received a income statement score of 43 , the average of its peers stands on 48.0.

  •  INDI
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 0 1
Rigetti Computing, Inc. 413.5M 92 43 69 72 1 1
Meta Materials Inc. 396.9M 37 45 72 43 2 1
Transphorm, Inc. 255.8M 37 81 97 68 3 1
NVIDIA Corporation 400.2B 46 83 67 63 4 1
Intel Corporation 154.5B 90 55 74 76 5 1
QUALCOMM Incorporated 147.4B 48 87 78 66 6 1
Texas Instruments Incorporated 142.2B 69 78 70 74 7 1
Advanced Micro Devices, Inc. 130.9B 40 89 38 59 8 1
Broadcom Inc. 102.5B 59 80 90 71 9 1
Applied Materials, Inc. 82.7B 72 68 73 72 10 1
Analog Devices, Inc. 77.2B 40 91 92 65 11 1
Micron Technology, Inc. 64.6B 59 87 90 74 12 1
Lam Research Corporation 60.8B 80 64 75 74 13 1
KLA Corporation 49.3B 56 77 76 67 14 1
NXP Semiconductors N.V. 40.5B 59 79 90 71 15 1
Marvell Technology, Inc. 38.5B 41 89 87 64 16 1
Microchip Technology Incorporated 33.0B 57 83 92 71 17 1
Enphase Energy, Inc. 25.7B 45 74 55 57 18 1
GLOBALFOUNDRIES Inc. 23.9B 50 92 86 70 19 1
ON Semiconductor Corporation 22.9B 53 92 94 73 20 1
Monolithic Power Systems, Inc. 18.5B 45 90 83 66 21 1
Skyworks Solutions, Inc. 15.5B 69 71 63 70 22 1
SolarEdge Technologies, Inc. 15.5B 41 70 48 53 23 1
Teradyne, Inc. 15.3B 88 57 62 75 24 1
Entegris, Inc. 14.1B 56 80 80 69 25 1
Qorvo, Inc. 10.2B 76 65 63 72 26 1
Wolfspeed, Inc. 8.2B 49 90 86 69 27 1
First Solar, Inc. 7.2B 98 43 40 73 28 1
Lattice Semiconductor Corporation 6.8B 54 88 89 71 29 1
MKS Instruments, Inc. 5.8B 78 67 65 74 30 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 31 1
Universal Display Corporation 5.2B 71 64 61 68 32 1
CMC Materials, Inc. 5.1B 72 75 93 76 33 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 34 1
Daqo New Energy Corp. 5.0B 37 95 94 65 35 1
Synaptics Incorporated 4.9B 45 91 90 68 36 1
Power Integrations, Inc. 4.4B 80 76 82 80 37 1
Amkor Technology, Inc. 4.2B 63 76 77 70 38 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 39 1
Allegro MicroSystems, Inc. 4.0B 68 48 69 61 40 1
SiTime Corporation 3.6B 40 93 78 64 41 1
Onto Innovation Inc. 3.6B 47 87 89 67 42 1
Semtech Corporation 3.5B 64 84 87 75 43 1
MACOM Technology Solutions Holdings, Inc. 3.3B 74 77 72 76 44 1
JinkoSolar Holding Co., Ltd. 3.2B 38 89 82 62 45 1
FormFactor, Inc. 3.1B 79 76 83 80 46 1
Diodes Incorporated 3.0B 66 83 86 76 47 1
SunPower Corporation 3.0B 49 43 74 49 48 1
Silicon Motion Technology Corporation 2.8B 54 83 78 72 49 1
MaxLinear, Inc. 2.7B 56 92 96 75 50 1
Nova Ltd. 2.7B 41 89 78 69 51 1
Ambarella, Inc. 2.6B 56 89 79 72 52 1
Kulicke and Soffa Industries, Inc. 2.6B 73 82 85 79 53 1
Rambus Inc. 2.4B 48 86 60 64 54 1
Canadian Solar Inc. 2.0B 73 76 53 72 55 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 56 1
Credo Technology Group Holding Ltd 1.7B 38 88 61 60 57 1
Himax Technologies, Inc. 1.6B 53 84 66 70 58 1
Impinj, Inc. 1.4B 64 53 51 59 59 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 60 1
Cohu, Inc. 1.3B 92 53 49 75 61 1
Photronics, Inc. 1.2B 55 86 92 71 62 1
Camtek Ltd. 1.1B 50 81 71 68 63 1
SMART Global Holdings, Inc. 1.0B 48 87 66 65 64 1
Veeco Instruments Inc. 1.0B 66 84 91 76 65 1
Alpha and Omega Semiconductor Limited 929.5M 62 75 76 69 66 1
ACM Research, Inc. 917.6M 88 43 42 67 67 1
NeoPhotonics Corporation 838.5M 45 95 90 69 68 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 69 1
PDF Solutions, Inc. 808.6M 49 95 88 71 70 1
CEVA, Inc. 778.5M 51 90 97 71 71 1
Ichor Holdings, Ltd. 754.1M 72 60 54 67 72 1
Magnachip Semiconductor Corporation 667.1M 94 80 88 90 73 1
Mykrolis Corp. 657.1M 68 68 58 67 74 1
Maxeon Solar Technologies, Ltd. 575.9M 50 49 60 49 75 1
Navitas Semiconductor Corporation 533.1M 56 44 74 53 76 1
Helix Technology Corporation 364.9M 89 47 50 74 77 1
Valens Semiconductor Ltd. 357.2M 41 86 65 65 78 1
Rockley Photonics Holdings Limited 305.7M 97 50 85 79 79 1
CyberOptics Corporation 272.8M 54 86 87 71 80 1

Cash Flow Analysis

Two metrics jump up as the most significant positive drivers of the cash flow's strength in indie Semiconductor's recent report: Asset Turnover and Free Cash flow. indie Semiconductor is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.2, representing a 26.6% change from the previous period. This metric might have a 10.7 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Therefore, its asset turnover movement earned a score of 98. Also, Free cash flow numbers published by indie Semiconductor were -0.7, which was a 12.8% change from the previous filing. This parameter coud affect companies in the same industry and market capitalization by up to 7.4%. Their free cash flow situation is all the more impressive relative to their peers and competitors. The company's free cash flow movement, therefore, received a grade of 80. On the other hand, Capital Expenditure, jumped out as looking problematic. indie Semiconductor's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -3.1, which represents a -15.8% change from the last period. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their CapEx movement received a grade of 52. Its cash flow, therefore, earned a score of 85.

Parameter Value Change Score
Net Cashflow 184.5 -8.1% 69
Capital Expenditure -3.1 -15.8% 52
Asset Turnover 0.2 26.6% 98
Free Cashflow -0.7 12.8% 80
* All values are TTM

The below chart describes indie Semiconductor's performance as reflected on its cash flow with respect to its peers. While indie Semiconductor received a cash flow score of 85, the average of its peers stands on 73.0.

  •  INDI
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 0 1
Rigetti Computing, Inc. 413.5M 48 76 51 60 58 1 1
Meta Materials Inc. 396.9M 85 56 68 97 84 2 1
Transphorm, Inc. 255.8M 81 88 96 95 88 3 1
NVIDIA Corporation 400.2B 93 65 61 86 82 4 1
Intel Corporation 154.5B 58 72 68 53 58 5 1
QUALCOMM Incorporated 147.4B 65 65 70 87 77 6 1
Texas Instruments Incorporated 142.2B 74 74 63 69 70 7 1
Advanced Micro Devices, Inc. 130.9B 93 66 69 37 57 8 1
Broadcom Inc. 102.5B 75 76 87 89 85 9 1
Applied Materials, Inc. 82.7B 75 59 69 72 69 10 1
Analog Devices, Inc. 77.2B 78 76 51 94 84 11 1
Micron Technology, Inc. 64.6B 81 85 81 74 80 12 1
Lam Research Corporation 60.8B 72 60 56 75 69 13 1
KLA Corporation 49.3B 70 76 52 79 74 14 1
NXP Semiconductors N.V. 40.5B 59 72 51 85 73 15 1
Marvell Technology, Inc. 38.5B 94 84 58 46 65 16 1
Microchip Technology Incorporated 33.0B 80 79 48 84 79 17 1
Enphase Energy, Inc. 25.7B 89 77 64 41 60 18 1
GLOBALFOUNDRIES Inc. 23.9B 54 86 45 64 63 19 1
ON Semiconductor Corporation 22.9B 60 79 55 74 70 20 1
Monolithic Power Systems, Inc. 18.5B 84 78 59 74 77 21 1
Skyworks Solutions, Inc. 15.5B 78 57 79 73 71 22 1
SolarEdge Technologies, Inc. 15.5B 46 38 55 52 43 23 1
Teradyne, Inc. 15.3B 75 65 66 68 68 24 1
Entegris, Inc. 14.1B 61 57 50 76 65 25 1
Qorvo, Inc. 10.2B 78 65 87 71 73 26 1
Wolfspeed, Inc. 8.2B 57 74 76 46 55 27 1
First Solar, Inc. 7.2B 47 85 56 46 53 28 1
Lattice Semiconductor Corporation 6.8B 79 77 43 82 77 29 1
MKS Instruments, Inc. 5.8B 58 58 92 56 59 30 1
Silicon Laboratories Inc. 5.3B 71 89 81 87 86 31 1
Universal Display Corporation 5.2B 75 81 68 65 71 32 1
CMC Materials, Inc. 5.1B 72 66 68 80 74 33 1
Tower Semiconductor Ltd. 5.1B 76 57 55 59 68 34 1
Daqo New Energy Corp. 5.0B 78 86 63 96 89 35 1
Synaptics Incorporated 4.9B 85 62 98 55 66 36 1
Power Integrations, Inc. 4.4B 88 77 64 82 82 37 1
Amkor Technology, Inc. 4.2B 46 57 62 71 60 38 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 90 39 1
Allegro MicroSystems, Inc. 4.0B 56 56 77 56 56 40 1
SiTime Corporation 3.6B 83 87 56 44 62 41 1
Onto Innovation Inc. 3.6B 94 65 88 85 85 42 1
Semtech Corporation 3.5B 79 78 58 79 77 43 1
MACOM Technology Solutions Holdings, Inc. 3.3B 46 78 54 78 68 44 1
JinkoSolar Holding Co., Ltd. 3.2B 68 69 73 78 74 45 1
FormFactor, Inc. 3.1B 78 81 66 58 67 46 1
Diodes Incorporated 3.0B 77 61 52 80 72 47 1
SunPower Corporation 3.0B 84 41 39 93 74 48 1
Silicon Motion Technology Corporation 2.8B 63 53 46 85 61 49 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 50 1
Nova Ltd. 2.7B 58 53 39 58 54 51 1
Ambarella, Inc. 2.6B 84 95 45 75 79 52 1
Kulicke and Soffa Industries, Inc. 2.6B 93 81 83 74 82 53 1
Rambus Inc. 2.4B 96 73 89 88 89 54 1
Canadian Solar Inc. 2.0B 69 70 74 66 71 55 1
Axcelis Technologies, Inc. 1.9B 81 77 68 84 82 56 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 57 1
Himax Technologies, Inc. 1.6B 66 77 48 77 66 58 1
Impinj, Inc. 1.4B 70 38 85 73 65 59 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 61 60 1
Cohu, Inc. 1.3B 92 62 71 44 59 61 1
Photronics, Inc. 1.2B 65 92 96 79 82 62 1
Camtek Ltd. 1.1B 69 70 74 72 71 63 1
SMART Global Holdings, Inc. 1.0B 48 85 95 53 62 64 1
Veeco Instruments Inc. 1.0B 74 82 48 69 71 65 1
Alpha and Omega Semiconductor Limited 929.5M 49 64 45 60 54 66 1
ACM Research, Inc. 917.6M 61 43 50 54 50 67 1
NeoPhotonics Corporation 838.5M 50 63 67 87 71 68 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 69 1
PDF Solutions, Inc. 808.6M 81 98 45 92 89 70 1
CEVA, Inc. 778.5M 57 54 84 83 71 71 1
Ichor Holdings, Ltd. 754.1M 51 37 87 70 58 72 1
Magnachip Semiconductor Corporation 667.1M 65 56 76 54 57 73 1
Mykrolis Corp. 657.1M 65 69 68 82 75 74 1
Maxeon Solar Technologies, Ltd. 575.9M 87 90 59 88 84 75 1
Navitas Semiconductor Corporation 533.1M 70 87 94 93 90 76 1
Helix Technology Corporation 364.9M 75 62 63 56 61 77 1
Valens Semiconductor Ltd. 357.2M 53 89 90 47 66 78 1
Rockley Photonics Holdings Limited 305.7M 79 72 66 47 60 79 1
CyberOptics Corporation 272.8M 49 74 89 77 72 80 1

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