On October 15, 2024, Vincentelli Sangiovanni, a Director at Cadence Design Systems Inc (CDNS, Financial), executed a sale of 1,500 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now directly owns 42,051 shares of the company.
Cadence Design Systems Inc (CDNS, Financial) specializes in electronic design automation (EDA) software and engineering services. The company's products are used to design and test integrated circuits, printed circuit boards, and other electronic systems.
Over the past year, Vincentelli Sangiovanni has sold a total of 35,500 shares and has not made any purchases. This recent transaction continues a trend observed over the past year at Cadence Design Systems Inc, where there have been no insider buys but 56 insider sells.
Shares of Cadence Design Systems Inc were priced at $283.66 on the day of the sale. The company has a market cap of approximately $72.02 billion. The price-earnings ratio stands at 67.97, significantly above both the industry median of 26.58 and the company's historical median.
The stock's valuation, according to the GF Value, is $264.72, leading to a price-to-GF-Value ratio of 1.07, indicating that the stock is Fairly Valued. The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past performance, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics.
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.
