Sivers, Semiconductors

Sivers Semiconductors Tightens Reporting Ahead of Nasdaq Push as Insiders Add to Holdings

Published on 07/17/2026 at 04:31 | Redaktion boerse-global.de

Swedish chipmaker revises financials for Nasdaq listing while board members execute mandatory share purchases under lock-up; stock down 70% from high.

Sivers Semiconductors Preps US Listing, Insiders Buy Stock Amid Sharp Decline
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Sivers Semiconductors is doing two things at once: cleaning up its accounts for a planned US listing and buying back stock through its own directors. The Swedish semiconductor group has also seen its share price retreat sharply, leaving the market to weigh insider commitment against dilution, revised figures and a volatile trading pattern.

On Thursday, the stock closed at 3.10 euro in one report and 3.11 euro in another, after falling 27.91 percent over seven days and 12.24 percent on the day. Over the past month, it has lost 65.75 percent. The share price now sits 69.70 percent below the 52-week high of 10.23 euro, reached on 3 June 2026. It is also almost half below the 50-day average of 6.13 euro.

That weakness has not stopped the board from acting. Five members of the board of directors — Bami Bastani, Karin Raj, Helena Svancar, Todd Thomson and Joakim Nideborn — completed purchases under a share-buying programme approved by the annual general meeting in June. CEO Vickram Vathulya also bought shares, investing the equivalent of about 950,000 Swedish kronor. The individual board members each bought stock worth roughly half a million kronor.

The purchases were not a discretionary move in response to the latest sell-off. They were part of a fixed arrangement in which each board member receives 1 million kronor, with about half of that amount directed into Sivers shares. Those shares then come with a 12-month lock-up. The result is a built-in commitment to the company for a full year.

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

At the same time, Sivers has been overhauling the financial reporting framework needed for a second listing on Nasdaq in the US. That process has required the company to align its accounts with stricter PCAOB audit standards. In early July, Sivers adjusted its financial calendar to reflect those requirements, and the interim report for the second quarter of 2026 is now due on 27 August 2026. The reports for the third and fourth quarters are scheduled for 26 November 2026 and 25 February 2027.

The accounting work has already changed the numbers investors are looking at. In May 2026, the company said its 2025 net loss had been revised to 222.6 million Swedish kronor, from an earlier 186.5 million kronor. Revenue for 2024 was also cut, to 219.2 million kronor from 243.7 million kronor. Management said the changes reflected a reallocation of revenue between reporting periods and revised inventory valuations.

Capital raising has added a further layer of pressure. On 30 June 2026, Sivers completed a directed share issue worth about 700 million kronor at 57 kronor per share, using an accelerated bookbuilding process. The company said the proceeds would fund expansion of manufacturing capacity for indium-phosphide lasers and optical amplifiers, technologies used in next-generation AI data centres and in automotive LiDAR systems. The company also had to clear a prior 180-day undertaking to Pareto Securities before the second issuance could go ahead, after that commitment was lifted in June.

The two financing rounds have increased the share count and diluted existing holders, even though both offerings were oversubscribed and attracted several Swedish and international institutional investors, including both new and existing shareholders. That dilution helps explain part of the stock’s weakness, alongside the reporting revision and broader uncertainty around the path to profitability.

Sivers Semiconductors at a turning point? This analysis reveals what investors need to know now.

The chart now reflects heavy selling pressure. A relative strength index of 33.2 points points to an oversold market, while annualised volatility above 150 percent underlines how wild trading has been. Sivers’ market capitalisation is around 1.14 billion euro.

The board’s buying, then, lands in the middle of a complicated stretch: a stricter US reporting regime, a larger share base after two capital increases, and a stock price that has moved sharply lower in recent weeks. The purchases are locked in for a year. The market’s response may take longer.

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