On September 17, 2024, Vincentelli Sangiovanni, Director at Cadence Design Systems Inc (CDNS, Financial), executed a sale of 1,500 shares of the company. The transaction was conducted at a price of $275.98 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 43,551 shares of Cadence Design Systems Inc.
Cadence Design Systems Inc specializes in electronic design automation (EDA) software and engineering services. The company's software is used to design and test integrated circuits, also known as chips, and printed circuit boards.
Over the past year, Vincentelli Sangiovanni has sold a total of 34,000 shares and has not made any purchases. This recent sale is part of a broader trend within the company, where there have been 56 insider sells and no insider buys over the past year.
Shares of Cadence Design Systems Inc were trading at $275.98 on the day of the sale, giving the company a market cap of approximately $76.77 billion. The price-earnings ratio stands at 72.44, which is significantly higher than both the industry median of 25.83 and the company's historical median.
The stock's valuation, according to the GF Value, is set at $260.58, indicating that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.06. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the company's current stock valuation metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow.
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.
