Bullish Nordic Semiconductor Insiders Loaded Up On US$24.9m Of Stock

In the last year, multiple insiders have substantially increased their holdings of Nordic Semiconductor ASA (OB:NOD) stock, indicating that insiders' optimism about the company's prospects has increased.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At Nordic Semiconductor

In the last twelve months, the biggest single purchase by an insider was when CEO & President Vegard Wollan bought kr8.3m worth of shares at a price of kr104 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of kr132. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

While Nordic Semiconductor insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Nordic Semiconductor

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Nordic Semiconductor Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Nordic Semiconductor. Overall, two insiders shelled out kr2.3m for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook.

Insider Ownership Of Nordic Semiconductor

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Nordic Semiconductor insiders own 10% of the company, currently worth about kr2.6b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Nordic Semiconductor Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Nordic Semiconductor. One for the watchlist, at least! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Nordic Semiconductor.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.