Sivers Semiconductors: Retail Rotates Out as Institutional Placement and Nasdaq Ambitions Collide

The retail crowd is walking away from Sivers Semiconductors, and the company is turning to institutional investors to fill the gap — with a direct share placement that threatens to dilute existing holders further. The Swedish chip developer announced on Tuesday a 600 million Swedish kronor accelerated book-building process, managed by Pareto Securities, aimed at institutional buyers in Sweden and abroad. The final subscription price is expected before market open on July 1, leaving regular shareholders locked out of the offering.

Justifying the move, Sivers cited the volatile market environment, noting that a direct placement saves time and cost compared with a traditional rights issue. Simultaneously, the company is restructuring its share base: nearly 15 million C-shares are being converted into common stock to back ongoing compensation programs, pushing the total number of ordinary shares to almost 320 million. The market’s immediate reaction was a sell-off — the stock dropped 4.76% on the day of the announcement to €5.90 in European trading.

That decline stretches a far deeper slide. Over the past week, Sivers shares lost roughly 27%, widening the gap to the 52-week high of €10.23, reached in early June, to around 42%. The Relative Strength Index has settled at 42.6, signalling neutral-to-slightly-negative momentum.

Should investors sell immediately? Or is it worth buying Sivers Semiconductors?

Yet the secondary article tells a more nuanced story of the same Tuesday session: the stock actually gained 2.91% to €6.38. Context is everything. That modest daily rise follows a seven-day rout of about 22%, and the price remains nearly 38% below the same June peak. Technically, the shares are clinging just above the 50-day moving average of €6.04. The RSI reading of 45.6 is neutral, but the 30-day annualized volatility of over 223% underscores just how jittery the trading has been.

Underlying the price action is a steady four-month exodus of retail capital, visible on Swedish broker Avanza, where private investors have been trimming positions month after month. That rotation is happening precisely when interest in big-name tech and defence stocks — SpaceX (which became the most-bought security on Avanza and Nordnet after its June IPO), Micron, EQT, and Saab — is surging. Retail money is simply migrating to larger, more liquid names, leaving Sivers to rely on institutional appetite for support.

None of that means the company lacks ambition. The proceeds from the placement are earmarked for preparing a dual listing on the Nasdaq in New York, with spending on sales and financial controls already ramped up. The project pipeline is swelling too: in May, management pegged its total opportunity at nearly $800 million. Key operational milestones are approaching. Series production for an automotive LiDAR customer is slated for the fourth quarter of 2026, while a new production order from ALL.SPACE worth $8.2 million will see chip deliveries begin in 2027.

For now, the company needs to prove it can deliver operationally after a first-quarter revenue decline. Management is banking on a stronger second half and reaffirmed its growth plans for the full year 2026. But with retail investors heading for the exits and the capital raising adding new shares to the float, the near-term price path hinges on whether institutional buyers step in to replace the departing private holders — and whether fresh catalysts from the business side arrive soon enough.

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Sivers Semiconductors Stock: New Analysis - 30 June

Fresh Sivers Semiconductors information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.

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