Sivers Semiconductors Executives Back the Stock With Six-Figure Purchases as Dual-Listing Process Accelerates

Executives buy €200K+ shares amid extreme volatility, as Sivers delays Q2 report for US dual-listing push. Stock down 38% in month, RSI neutral at 39.2.

The wild swings in Sivers Semiconductors' stock price have given investors whiplash in recent months. Shares that traded as low as €0.27 in early March surged to a 52-week high of €10.23 by early June, before tumbling back to €4.25 by the close of last week. Now, a cluster of insider purchases worth more than €200,000 is raising the question of whether the sell-off has gone too far.

Four senior executives bought shares on July 9, the same day the company revealed it had pushed back its second-quarter earnings report. Chief executive Vickram Vathulya acquired 24,000 American depositary shares at $4.11 each, an outlay equivalent to roughly €86,000. Board members Karin Raj, Helena Svancar and Joakim Nideborn each added positions worth about €41,800–€41,900, while fellow director Todd Thomson chipped in with a purchase of around €45,000. The purchases were made under an employee and management stock programme approved at the annual meeting in June, with a one-year lock-up applying to a portion of the shares — effectively forcing the insiders to hold the stock for at least 12 months.

The timing is notable. Sivers' stock has shed 18.27% over the past week and a staggering 38.54% over the past month, a rout that has dragged the price 58.46% below the June 3 high. The current level is nearly a third below the 50-day moving average of €6.23, while the 100-day average of €3.73 suggests the stock still holds ground on a longer view. Annualised 30-day volatility stands at 222%, a stark reminder of the turbulence traders have endured. The 14-day relative strength index of 39.2 sits in neutral territory, indicating the market has yet to take a clear directional bet after the recent slide.

Against this backdrop, Sivers is making a strategic push for a dual listing outside Sweden. The rescheduled Q2 report — now due on August 27 instead of earlier — is part of that effort, with the company citing the need to strengthen internal reporting processes and prepare for the Public Company Accounting Oversight Board (PCAOB) audit standards required for a US stock exchange listing. The third-quarter interim report is set for November 26, 2026, and the full-year and Q4 figures are scheduled for February 25, 2027.

CEO Vathulya framed the calendar shift as a necessary step toward establishing a US listing, though the company has not yet specified which exchange it is targeting. With a market capitalisation of around €1.11 billion, Sivers remains a relatively small player, but its ability to meet PCAOB requirements will be key to any transatlantic ambitions. For now, investors are left to weigh the insider vote of confidence against the stock's extreme volatility — and the lingering question of whether the June peak marked a short-term anomaly or a genuine turning point.