| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 4Small sample | 100.0% (4/4) | 50.0% (2/4) | +1.3% | +2.6% | -2.5% |
| 20D | 4Small sample | 100.0% (4/4) | 75.0% (3/4) | +2.5% | +2.5% | -12.2% |
| 60D | 4Small sample | 100.0% (4/4) | 100.0% (4/4) | +8.3% | +10.7% | +0.3% |
| 120D | 4Small sample | 100.0% (4/4) | 100.0% (4/4) | +25.9% | +28.2% | +8.3% |
COMPANY RESEARCH
Nordic Semiconductor ASA
NOD.OL · Norway · Technology · Semiconductors
INSIDER SIGNAL
Insider activity score：51.2 / 100
4 insiders · 6 purchase events · €16k net purchases
Europe #573 · Norway #25
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+21.0 / 35
How many distinct insiders bought in the cluster
Purchase size+15.7 / 25
Purchase value relative to company size and liquidity
Role+20.0 / 20
The seniority and relevance of participating insiders
Recency+9.3 / 10
How recently the purchases occurred
Conviction+5.2 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Buyer breadth is moderate · fewer than 4 distinct filers
- ⚠ Buying conviction is reduced by concurrent selling
- ✓ Strong insider role · ceo/chair involved
- ✓ Recent activity · latest purchase 2026-10-22
The role contribution uses the inverted role input of the current European model.
Buying concentration
41%
Largest buyer：Dieter May · 899k NOK
Gross qualified purchase transaction-line value：2.21m NOK
The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Dieter May | 170.7 NOK | Oct 22, 2026 |
| Øyvind Strøm | 160.8 NOK | Aug 25, 2026 |
| Vegard Wollan | 160.87 NOK | Aug 19, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 2 distinct reported filers
- Peak time window
- 2026-08-07 to 2026-08-19
- Current breadth input
- 0.600 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Dieter May · 307k NOK · Price 170.7 NOK · Oct 22, 2026 - 🟢 Eligible purchase
Øyvind Strøm · 322k NOK · Price 160.8 NOK · Aug 25, 2026 - 🟢 Large eligible purchase
Vegard Wollan · 804k NOK · Price 160.87 NOK · Aug 19, 2026 - 🟡 3 remaining qualified transaction line(s) across 3 disclosure(s)
- 🔴 1 other transaction line(s) are not counted as discretionary-buying evidence; 0 have zero price
Insider vs stock price
6 purchase day(s), 6 purchase line(s) in the 180-day window. 1 sale day(s), 1 sale line(s).
Daily close (NOK)Day with an insider purchaseDay with an insider sale
Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.
If you had followed the purchase
Each row starts on the first close on or after the day a purchase was made public, the earliest a reader could have acted, and ends on the last close shown above.
| Made public | Insiders | In this stock, now | In the median peer stock, now | Difference |
|---|---|---|---|---|
| 2026-05-12 | 1 | 870 −13.0% | too few peers | — |
| 2026-05-26 | 1 | 821 −17.9% | too few peers | — |
| 2026-08-07 | 1 | 1,023 +2.3% | too few peers | — |
| 2026-08-19 | 1 | 1,040 +4.0% | too few peers | — |
| 2026-08-25 | 1 | 1,021 +2.1% | too few peers | — |
Close to close, before costs, taxes, dividends and currency moves. The peer is the median of the other stocks on the same exchange for which this site holds prices (0 here), not an index. This is what happened, not a forecast: across all purchases on this site the typical gap is close to zero.
Insider timeline
2 insiders bought within 7 days, 19 Aug to 25 Aug: 1 CEO / chair, 1 Executive. 1 more bought afterwards. The share closed at 162.00 on the first of those days and at 168.50 most recently (+4.0%). That week 197 companies across Europe disclosed insider purchases, an ordinary week (9 of the last 26).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.
×A sale
A cross is one insider's sales on one day. People sell to pay tax, to cash in share awards or to hold less of one company, so a sale says less than a purchase does. When someone bought and sold on the same day, the cross sits beside the dot. The totals are under “Purchases against sales” below.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 19 Aug – 25 Aug, with 2 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, −7.6% over these six months
The closing price of each day, from 182.40 on 2026-04-27 to 168.50 on 2026-10-22. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, −6.6%
Taken from the 102 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share −7.6%, the typical one −6.6%, 1.1 points behind. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 197 companies, number 9 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
This company: insiders buying per month, last 12 months
1Nov
Dec
Jan
1Feb
1Mar
Apr
1May
Jun
Jul
3Aug
Sep
1Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Ole-Fredrik Morken | Executive | — | 1 | — | — | — | fewer than 5 completed |
| Dieter May | CEO / chair | 3 | — | 899.2k NOK | 2026-05-12 | −13.0% | fewer than 5 completed |
| Vegard Wollan | CEO / chair | 1 | — | 804.4k NOK | 2026-08-19 | +4.0% | fewer than 5 completed |
| Øyvind Strøm | Executive | 1 | — | 321.6k NOK | 2026-08-25 | +2.1% | fewer than 5 completed |
| Ola Boström | Role not classified | 1 | — | 180.1k NOK | 2026-08-07 | +2.3% | fewer than 5 completed |
Purchases against sales
Purchases52%2.2M NOK · 6 line(s) · 4 insider(s)
Sales48%2.0M NOK · 1 line(s) · 1 insider(s)
Shares of the reported value of insider transactions in the 180-day window. Sales include disposals for tax, at option exercise or under a pre-set plan, which say little about an insider's view. The split describes what was disclosed; it is not a signal.
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 0.600 | 21.0 |
| Qualified-buy size | 25% | 0.626 | 15.7 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 0.933 | 9.3 |
| Buy/sell conviction | 10% | 0.519 | 5.2 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (senior executive buying, bought in the last two weeks); share price and trading, short sellers, company results were checked and none crosses a bear threshold. No data is held for: company actions.
- The insider purchases themselvesBullsenior executive buying, bought in the last two weeks Bearinsiders also sold, small purchases4 checked, under the threshold · 4 missing
- Share price and trading3 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results1 checked, under the threshold · 1 missing
- Company actionsno data held
Bull case · the buying is informative
- The buyers include the CEO or chair, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,738 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.2%).
- The latest purchase is 1 day old (2026-10-22). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- Insiders also sold €195k in the same 180 days, 93% of the amount bought.
- Net purchases of €16k are <0.01% of the company's market value (€3.2bn): a visible sum, a small one against the business.
Evidence still missing
- The latest purchase (2026-10-22) falls within 30 days before the next scheduled results (2026-10-22), normally a closed period. Either the dealing was cleared as an exception or the results date is wrong; the filing and the financial calendar show which.
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- Only one reading of profitability is held (profit margin 4.2%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
- European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 6 purchase lines mentions a plan, but a bare “Kjøp” does not rule one out.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 9, 1 close to it
- BullAt most 2 insiders bought within any 15 days. Counted for the bull side from 3. close to the threshold
- Either4 insiders bought in the last 180 days and 3 in the 180 days before. Bull when the number at least doubles and rises by two; bear when at least two bought before and no more buy now.
- BearThe largest buyer accounts for 41% of the value bought. Counted for the bear side from 80%.
- Bear0 of 4 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- BearThe share price changed −10% over six months (three months +4.5%, one month −9.7%) and stands 20% below its 52-week high. Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed +4.5% and the median of 355 Technology companies changed −1.9%: ahead by 6 points. Counted for the bear side from 20 points behind.
- BearThe register of Finanstilsynet shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.
- BearProfit margin on the latest captured figures is 4.2%. Counted for the bear side when negative.
- BearAbout €13.2M of the stock changes hands on an average day. Counted for the bear side below €500k.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
51.2 / 100
Latest recorded score
↑ +9.2 ptsversus the comparable snapshot on 2026-09-14 (39 calendar days apart)
- Recorded snapshots
- 14
- First snapshot
- 2026-08-28
Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.
- Purchase size+2.2 pts
- Recency+6.8 pts
- Conviction+0.1 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 47.6
- 45.2
- 43.6
- 42.6
- 51.2
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-28 | 47.6 |
| 2026-08-31 | 46.1 |
| 2026-09-01 | 45.7 |
| 2026-09-02 | 45.2 |
| 2026-09-03 | 44.9 |
| 2026-09-04 | 44.5 |
| 2026-09-07 | 43.6 |
| 2026-09-08 | 43.3 |
| 2026-09-09 | 43.1 |
| 2026-09-10 | 42.8 |
| 2026-09-11 | 42.6 |
| 2026-09-14 | 42.0 |
| 2026-10-22 | 51.8 |
| 2026-10-23 | 51.2 |
Sector context
- Buying breadth
- 7.7% (57 / 739 issuers)
- Sector rank
- #9 / 12
- 7D breadth change
- +1.2 pp · vs 2026-10-16 (7d)
- 30D breadth change
- -3.0 pp · vs 2026-09-23 (30d)
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − Oslo Bors Benchmark return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 3Small sample | 100.0% (3/3) | 33.3% (1/3) | -0.8% | -0.7% | -3.8% |
| 20D | 3Small sample | 100.0% (3/3) | 33.3% (1/3) | -6.1% | -3.1% | -7.9% |
| 60D | 3Small sample | 100.0% (3/3) | 33.3% (1/3) | -16.0% | -3.6% | -22.2% |
| 120D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +6.7% | +6.7% | +6.7% |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +0.2% | +0.2% | +0.2% |
| 20D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -1.8% | -1.8% | -1.8% |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 43.8%
- Beta
- 0.92
- Avg daily volume
- NOK 145.8M
VALUATION
- Market cap
- NOK 33.3B
- P/E
- 106.6×
FUNDAMENTALS
- Profit margin
- 4.2%
- ROE
- 5.0%
- Industry
- Semiconductors
Prices to 23 Oct 2026: OpenBB/yfinance. From OpenBB/yfinance, captured 22 Oct 2026: Market cap, P/E, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.
Disclosed net short positions
The Finanstilsynet register, read 23 Oct 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders' buying price vs the latest close
Insiders paid 158.76 NOK a share on average (9 purchase lines, 6 buyers, 2025-11-07 – 2026-10-22). The close on 2026-10-22 was 6.1% above that price.
The latest purchase (2026-10-22) was at 170.70 NOK; the close was 1.3% below that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.
Buying size vs market trading
0.01% · of estimated traded value in the same period
2026-09-25 – 2026-10-22 · 20 recorded trading sessions
- Disclosed qualifying purchases
- 307,260 NOK
- Estimated market traded value
- 2,758,893,848 NOK
Market-data coverage: 501 verified sessions · Latest session: 2026-10-22 · Ratio status: Available
Recent and largest purchase events / preceding 60-session ADTV
- Oct 22 · Dieter May · Chair307,260 NOK · 0.21%148,496,845 NOK ADTV
- Aug 25 · Øyvind Strøm · EVP BU Short-Range321,600 NOK · 0.24%134,399,240 NOK ADTV
- Aug 19 · Vegard Wollan · CEO804,350 NOK · 0.61%132,769,631 NOK ADTV
- Aug 07 · Ola Boström · SVP Quality180,070 NOK · 0.14%126,332,974 NOK ADTV
- May 26 · Dieter May · Chair301,950 NOK · 0.19%159,255,849 NOK ADTV
- May 12 · Dieter May · Chair289,950 NOK · 0.18%162,113,176 NOK ADTV
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Latest news
No news has been captured for this company.
Regulatory filings
- Insider filing announcement · published 2026-10-22 · trade date 2026-10-22
- Insider filing announcement · published 2026-08-25 · trade date 2026-08-25
- Insider filing announcement · published 2026-08-19 · trade date 2026-08-19
Unfold all 11 filings
- Insider filing announcement · published 2026-10-22 · trade date 2026-10-22
- Insider filing announcement · published 2026-08-25 · trade date 2026-08-25
- Insider filing announcement · published 2026-08-19 · trade date 2026-08-19
- Insider filing announcement · published 2026-08-07 · trade date 2026-08-07
- Insider filing announcement · published 2026-05-26 · trade date 2026-05-26
- Insider filing announcement · published 2026-05-12 · trade date 2026-05-12
- Insider filing announcement · published 2026-04-29 · trade date 2026-04-29
- Insider filing announcement · published 2026-03-20 · trade date 2026-03-20
- Insider filing announcement · published 2026-02-18 · trade date 2026-02-18
- Insider filing announcement · published 2026-02-05 · trade date 2026-02-05
- Insider filing announcement · published 2025-11-07 · trade date 2025-11-07
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
9 qualifying purchase disclosure(s) · 9 transaction line(s)
Oct 22, 2026Kjøp
Dieter May · Chair
Aksje · 1800 shares × 170.7 NOK · —
Open filingAug 25, 2026Kjøp
Øyvind Strøm · EVP BU Short-Range
Aksje · 2000 shares × 160.8 NOK · —
Open filingAug 19, 2026Kjøp
Vegard Wollan · CEO
Aksje · 5000 shares × 160.87 NOK · —
Open filingUnfold all 6 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-08-07 | 2026-08-07 | Ola Boström | SVP Quality | Kjøp | Aksje | 163.7 NOK | NOK | 1100 | — | Open filing |
| 2026-05-26 | 2026-05-26 | Dieter May | Chair | Kjøp | Aksje | 201.3 NOK | NOK | 1500 | — | Open filing |
| 2026-05-12 | 2026-05-12 | Dieter May | Chair | Kjøp | Aksje | 193.3 NOK | NOK | 1500 | — | Open filing |
| 2026-03-20 | 2026-03-20 | Øyvind Birkenes | EVP BU Long-Range | Kjøp | Aksje | 150.6 NOK | NOK | 1250 | — | Open filing |
| 2026-02-18 | 2026-02-18 | Dieter May | Chair | Kjøp | Aksje | 140.24 NOK | NOK | 2500 | — | Open filing |
| 2025-11-07 | 2025-11-07 | Pål Elstad | CFO | Kjøp | Aksje | 133.6 NOK | NOK | 4000 | — | Open filing |
Showing 9 of 9 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
View 2 other transaction(s)
Apr 29, 2026Salg
Ole-Fredrik Morken · EVP Supply Chain
Aksje · 11000 shares × 185.7 NOK · —
Open filingFeb 5, 2026Salg
Pål Elstad · Chief Financial Officer
Aksje · 10000 shares × 149.05 NOK · —
Open filingShowing 2 of 2 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
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Snapshot & identity
- Snapshot date
- 2026-10-23
- Ticker
- NOD.OL
- ISIN
- —
- Sector
- Technology
- Industry
- Semiconductors