indie Semiconductor (INDI)
Builds automotive chips and software for sensing, connectivity, and in-cabin systems.
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Sells automotive semiconductors and software for ADAS, connected-car, user-experience, and electrification programs. Revenue is reported in one segment, with shipments weighted toward Greater China and broader Asia and a current Wuxi divestiture dependency.
Designs mixed-signal automotive SoCs, embedded software, power management, and interface products for ADAS, autonomous-vehicle, connected-car, user-experience, and electrification applications. Named product areas include vision and radar processors, LiDAR and photonics components, in-cabin wireless charging, USB power delivery, phone-projection interfaces, and high-speed video and data connectivity.
Runs mostly fabless, with limited photonics manufacturing, and sells through long automotive design cycles led by Tier 1 suppliers. Automotive-grade quality systems and acquired software, sensing, LiDAR, and connectivity teams shape the portfolio.
Shipments skew toward Greater China and broader Asia, while Europe and the United States remain meaningful markets. Results are reported in one segment, and Wuxi remains a consolidated contributor while a pending divestiture agreement moves through approval.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Roth Capital | Target | Target: $8 | Target: $5 |
| May 8, 2026 | UBS | Reiterate | Rating: —Target: $4.25 | Target: $4.75 |
| Feb 22, 2026 | UBS | Target | Target: — | Target: $4.25 |
| Oct 15, 2025 | Roth Capital | Target | Target: — | Target: $8 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $139.0M · Total debt $431.3M · Total assets $841.5M · Shareholders' equity $294.7M
- Revenue
- $64.0M
- Operating income
- −$35.1M
- Net income
- −$37.1M
No dividends on record.
| Institutions | ≈ 106.73% | 242.16M shares | |
|---|---|---|---|
| 241 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.54% | 10.31M shares | |
| 12 holders · as of Sep 17, 2026 | |||
| Strategic holders | 4.85% | 11.00M shares | |
| 1 holder · as of Jan 26, 2024 | |||
| Adds to | 116.12% | ||
226.90M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 116.12%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Primecap Management Co/CA/Institution | 13.94% | 31.62M A | as of Jun 30, 2026 |
Bamco Inc /NY/Institution | 10.14% | 23.01M A | as of Jun 30, 2026 |
Granahan Investment Management, LLCInstitution | 8.56% | 19.42M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.39% | 19.05M A | as of Jun 30, 2026 |
State Street CorpInstitution | 8.15% | 18.50M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Donald McClymont | director, officer: Chief Executive Officer | −50,000 | $3.11 |
| Sep 2, 2026 | Donald McClymont | director, officer: Chief Executive Officer | −13,384 | $3.53 |
| Sep 2, 2026 | Naixi Wu | officer: Chief Financial Officer | −21,171 | $3.54 |
| Sep 1, 2026 | Naixi Wu | officer: Chief Financial Officer | −6,000 | $3.56 |
| Sep 2, 2026 | Michael Wittmann | officer: Chief Operating Officer | −40,625 | $3.59 |
- NXP Semiconductors
Broad ADAS, radar, networking, and power-management peer
- STMicroelectronics (ADR)
ADAS vision, radar, sensing, and automotive power overlap
- Analog Devices
ADAS connectivity, sensing, and power-management challenger
- ON Semiconductor
Automotive image-sensing, LiDAR, ultrasonic, and power peer
- Monolithic Power Systems
Automotive power, USB charging, and wireless-charging rival
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| indie Semiconductor | $3.24 | +0.78% | $678.2M | — | — | 2.9 | +24.0% |
| NXP Semiconductors | $234.94 | +1.09% | $58.61B | 19.8 | 14.0 | 4.4 | +19.5% |
| STMicroelectronics (ADR) | $53.27 | +3.18% | $46.08B | 101.2 | 26.8 | 3.5 | +24.4% |
| Analog Devices | $387.58 | +1.20% | $186.55B | 45.4 | 24.1 | 13.4 | +39.6% |
| ON Semiconductor | $72.82 | +1.53% | $27.92B | 46.0 | 18.7 | 4.5 | +9.2% |
| Monolithic Power Systems | $1,364.13 | +6.77% | $62.77B | 78.3 | 42.3 | 19.2 | +47.6% |
| Median | 46.0 | 24.1 | 4.5 | +24.4% |