Management of Swedish chipmaker Sivers Semiconductors has put real money behind their conviction in the company’s future, with five board members and the chief executive collectively spending close to SEK 6 million on stock in the past week — a vote of confidence that stands in stark contrast to the share’s recent 52% monthly rout. Each non-executive director acquired the equivalent of SEK 1 million in shares under a program approved at the June 2026 annual general meeting, while CEO Vickram Vathulya added an extra SEK 950,000 worth of equity on top of his own mandatory purchase. Nearly half of the board’s new holdings come with a one-year lock-up, and the company has stipulated that all shares bought under the program must be held for at least twelve months.
The timing is as bold as the sums involved. Sivers’ stock closed Friday at €4.25 before sliding to €4.02 on Monday’s trading, a single-day loss of 5.5% that extends a punishing month-long sell-off. The shares now trade 60.7% below the 52-week high of €10.23 reached on June 3, though they still sit more than fourteen times above the March 3 low of €0.27 — a testament to the extreme swings that have defined the past year. The 50-day moving average of €6.21 sits 35% above the current price, reinforcing a near-term downtrend, while the 100-day average at €3.76 offers support closer to hand. Annualized 30-day volatility stands at 155% and the RSI at 37.9 suggests no oversold bounce is imminent.
The boardroom buying spree coincides with a strategic push that could reshape the company’s investor base entirely. On July 9, Sivers announced a revamped reporting schedule designed to align its financial disclosures with U.S. standards, a prerequisite for the dual listing the company is now actively pursuing. The second-quarter report — originally due on an earlier date — has been pushed back to August 27, with third-quarter numbers set for November 26 and the full-year 2026 report scheduled for February 25, 2027. CEO Vathulya said the shift is needed to bring accounting in line with the PCAOB audit standards that every company listed on a U.S. exchange must satisfy, and that robust reporting processes are the foundation for growth in target markets such as AI data centers, satellite communications, defense and telecom.
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Alongside the insider purchases, Sivers is also overhauling how it rewards its broader workforce. At the June 15 AGM, the board withdrew items 14 through 16 from the agenda to give the newly constituted remuneration committee time to review the existing employee share participation scheme. A more comprehensive program is expected to be unveiled later, and the stock buys by the directors and CEO are taking place in parallel with this internal review — a rare show of leadership conviction at a moment when the share price is under maximum pressure.
For shareholders, the contrast could hardly be sharper. On one side, management is deploying personal capital at an SEK 6 million clip; on the other, the stock has surrendered more than half its value in a month and the 50-day trend remains firmly lower. With the market capitalization hovering at €1.24 billion, all eyes now turn to August 27, when the restated second-quarter numbers will offer the first concrete evidence of whether the operational trajectory supports the boardroom bullishness — and whether the push for a U.S. listing can reverse a narrative that, for now, belongs entirely to the bears.
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