indie Semiconductor, Inc. (INDI) Closing in on Profitability amid Backlog Growth

indie Semiconductor, Inc. (NASDAQ:INDI) is a must-buy penny banal to bargain now. On November 10, UBS resumed sum of indie Semiconductor, Inc. (NASDAQ:INDI) with a Neutral standing and raised its terms people to $5 from $4.50, noting supply-driven net shortfalls and cautious December guidance, portion highlighting unchangeable ADAS trends but constricted upside until a imaginable net inflection successful precocious 2026. Benchmark Co reiterated a Buy standing connected the banal connected November 7 and acceptable an $8 terms target, pursuing better-than-expected third-quarter results.

Photo by Umberto connected Unsplash

On November 6, the institution delivered beardown third-quarter results characterized by a strategical backlog expanding to $7.4 billion. The better-than-expected results underscore the spot of design-win momentum crossed ADAS and maturation successful concern markets, including quantum and robotics.

The institution posted $53.7 cardinal successful gross with a non-GAAP gross borderline of 49.6%. On the different hand, the company’s operating nonaccomplishment narrowed to $11.3 cardinal compared to $16.8 cardinal successful the aforesaid 4th past year. With the backlog expanding to $7.4 billion, the institution remains connected way to go profitable.

During the quarter, Indie Semiconductor successfully designed a Robotaxi for a North American self-driving OEM. It besides launched DFB laser products with 10X little frequence sound for quantum computing applications.

indie Semiconductor, Inc. (NASDAQ:INDI) designs and sells automotive-grade semiconductors and bundle solutions for operator assistance systems, in-cabin idiosyncratic experience, and conveyance electrification. The institution focuses connected borderline sensors, including LiDAR, radar, ultrasound, and machine vision, and its products are utilized successful assorted automotive applications.

While we admit the imaginable of INDI arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 12 Best Consumer Goods Stocks Billionaires Are Quietly Buying and Goldman Sachs Penny Stocks: Top 12 Stock Picks.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.