Bullish Nordic Semiconductor Insiders Loaded Up On US$9.88m Of Stock

Over the last year, a good number of insiders have significantly increased their holdings in Nordic Semiconductor ASA (OB:NOD). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Nordic Semiconductor

Nordic Semiconductor Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Independent Chair of the Board of Directors, Birger Steen, for kr8.6m worth of shares, at about kr143 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is kr105. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Birger Steen. Notably Birger Steen was also the biggest buyer, having purchased kr9.9m worth of shares.

In the last twelve months insiders purchased 72.08k shares for kr9.9m. But they sold 60.00k shares for kr8.6m. Overall, Nordic Semiconductor insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Nordic Semiconductor is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Nordic Semiconductor Insiders Bought Stock Recently

Over the last quarter, Nordic Semiconductor insiders have spent a meaningful amount on shares. Specifically, Independent Chair of the Board of Directors Birger Steen bought kr1.1m worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future.

Insider Ownership Of Nordic Semiconductor

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.6% of Nordic Semiconductor shares, worth about kr320m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Nordic Semiconductor Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Nordic Semiconductor. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Nordic Semiconductor (of which 1 is significant!) you should know about.

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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