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Cadence Design Systems Inc (CDNS) CEO Lip Bu Tan Sold $5.3 million of Shares

GuruFocus.com
·2 mins read

- By insider

CEO of Cadence Design Systems Inc (30-Year Financial, Insider Trades) Lip Bu Tan (insider trades) sold 50,000 shares of CDNS on 09/15/2020 at an average price of $105.18 a share. The total sale was $5.3 million.


Cadence Design Systems Inc develops system design enablement solutions that are used to design whole electronics systems, complex integrated circuits, and electronic devices. The firm provides maintenance services for its software, hardware, and others. Cadence Design Systems Inc has a market cap of $28.2 billion; its shares were traded at around $101.15 with a P/E ratio of 27.86 and P/S ratio of 11.62. Cadence Design Systems Inc had annual average EBITDA growth of 14.70% over the past five years. GuruFocus has detected 1 severe warning sign with Cadence Design Systems Inc. .

CEO Recent Trades:

  • CEO Lip Bu Tan sold 50,000 shares of CDNS stock on 09/15/2020 at the average price of $105.18. The price of the stock has decreased by 3.83% since.

Directors and Officers Recent Trades:

  • Sr. Vice President Chin-chi Teng sold 4,000 shares of CDNS stock on 08/31/2020 at the average price of $110.8. The price of the stock has decreased by 8.71% since.

  • Sr. Vice President Aneel Zaman sold 1,765 shares of CDNS stock on 08/25/2020 at the average price of $111.25. The price of the stock has decreased by 9.08% since.

  • President Anirudh Devgan sold 3,922 shares of CDNS stock on 08/25/2020 at the average price of $111.23. The price of the stock has decreased by 9.06% since.

For the complete insider trading history of CDNS, click here

.This article first appeared on GuruFocus.