On December 2, 2024, Paul Cunningham, Senior Vice President at Cadence Design Systems Inc (CDNS, Financial), sold 650 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 60,461 shares of the company.
Cadence Design Systems Inc is a leading provider of electronic design automation software and engineering services. The company offers products and services that are used to design integrated circuits, systems on chips, and printed circuit boards.
Over the past year, Paul Cunningham has sold a total of 9,550 shares and has not purchased any shares. The insider transaction history for Cadence Design Systems Inc indicates that there have been 0 insider buys and 55 insider sells over the past year.
On the day of the recent sale, shares of Cadence Design Systems Inc were trading at $306.19, giving the stock a market cap of $89,009.314 million. The company's price-earnings ratio stands at 85.18, which is higher than the industry median of 27.16 and also higher than the company’s historical median price-earnings ratio.
With a trading price of $306.19 and a GuruFocus Value of $278.04, Cadence Design Systems Inc has a price-to-GF-Value ratio of 1.1, indicating that the stock is modestly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.
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.
