5 Best Small-Cap Semiconductor Stocks to Buy Now

In this article, we discuss 5 best small-cap semiconductor stocks to buy now. To read the detailed analysis of the semiconductor market, go directly to 10 Best Small-Cap Semiconductor Stocks to Buy Now.

5. indie Semiconductor, Inc. (NASDAQ:INDI)

Market Cap as of September 22: $919.43 million

indie Semiconductor, Inc. (NASDAQ:INDI) is an American semiconductor and equipment manufacturer. indie Semiconductor, Inc. (NASDAQ:INDI) has been exceeding the market expectation and targets in the past few quarters due to its design line of Lidar, radar, ultrasound, and computer vision in addition to wireless charging, advanced lighting, and power management. The company’s Q4 2021, Q1 2022, and Q2 2022 revenues surged up by 185%, 165%, and 181%, respectively. Due to the market transitioning to EVs, the company saw massive growth in the first half of the year, despite US auto sales dropping by 17%. The silicon content in autos is expected to grow from $500 per vehicle to $7000 in the next decade, which bodes well for indie Semiconductor, Inc. (NASDAQ:INDI) in the long-term.

On July 20, Deutsche Bank analyst Ross Seymore maintained a Buy rating on indie Semiconductor, Inc. (NASDAQ:INDI) with a $10 price target.

Here is what Baron Funds has to say about indie Semiconductor, Inc. (NASDAQ:INDI) in its Q3 2021 investor letter:

“Indie Semiconductor, Inc. is a fabless designer, developer, and marketer of automotive semiconductors for automated driver assistance systems, user experience, and electrification applications. Indie leverages its cross-domain semiconductor expertise in analog, processing, and power chips to integrate multiple chips and capabilities into a single package and offer its customers lower cost products in a smaller form-factor. Indie has strong market share in applications such as Apple CarPlay and ultrasonic parking assist with multiple contracts ramping in the coming quarters in applications such as advanced lighting controls, telematics, and electrification. The stock rose on increasing investor recognition of the longer-term opportunity for the company, especially in light of the current automotive semiconductor supply shortage. Semiconductor content in cars is expected to grow substantially over the coming decade as automated safety features and electrification penetrate an increasing percentage of vehicles.”