GuruFocus - Sr. Vice President Paul Cunningham sold 650 shares of Cadence Design (NASDAQ:CDNS) Systems Inc (NASDAQ:CDNS) on September 3, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 64,544 shares of the company.
Cadence Design Systems Inc, headquartered in San Jose, California, is a leading provider of system design tools, software, IP, and services. The company helps its customers harness the power of silicon chips and electronic systems. Cadence's products are used by semiconductor and electronics companies globally to develop advanced integrated circuits, including those found in mobile devices, data centers, and the Internet of Things (IoT) applications.
Over the past year, Paul Cunningham has sold a total of 10,600 shares and has not purchased any shares. The insider transaction history for Cadence Design Systems Inc shows a trend with 0 insider buys and 58 insider sells over the same timeframe.
Shares of Cadence Design Systems Inc were trading at $266.89 on the day of the transaction. The company has a market cap of approximately $68.72 billion. The price-earnings ratio stands at 64.82, which is above both the industry median of 25.89 and the company's historical median.
The stock's valuation according to GF Value is $258.52, leading to a price-to-GF-Value ratio of 1.03, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider could be part of normal portfolio adjustments or other personal financial planning. Investors often monitor insider transactions as part of their due diligence on investments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This content was originally published on Gurufocus.com
