Anirudh Devgan - Cadence Design SVP
| CDNS Stock | USD 285.28 2.71 0.96% |
SVP
Mr. Anirudh Devgan is President of the Company. From May 2012 to November 2017, Dr. Devgan held several positions at Cadence, most recently as Executive Vice President, Research and Development from March 2017 to November 2017 and Senior Vice President, Research and Development from November 2013 to March 2017. Prior to joining Cadence, from May 2005 to March 2012, Dr. Devgan served as Corporationrationrate Vice President and General Manager of the Custom Design Business Unit at Magma Design Automation, Inc., an electronic design automation company since 2017.
| Age | 54 |
| Tenure | 7 years |
| Address | Building 5, San Jose, CA, United States, 95134 |
| Phone | 408 943 1234 |
| Web | https://www.cadence.com |
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Devgan has a B.Tech. in electrical engineering from the Indian Institute of Technology, Delhi, and an M.S. and Ph.D. in electrical and computer engineering from Carnegie Mellon University.Cadence Design Management Efficiency
The company has return on total asset (ROA) of 0.1386 % which means that it generated a profit of $0.1386 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3217 %, meaning that it created $0.3217 on every $100 dollars invested by stockholders. Cadence Design's management efficiency ratios could be used to measure how well Cadence Design manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.29 in 2024. Return On Capital Employed is likely to gain to 0.33 in 2024. At this time, Cadence Design's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 3.9 B in 2024, whereas Intangible Assets are likely to drop slightly above 324.2 M in 2024.Management Performance
| Return On Equity | 0.32 | ||||
| Return On Asset | 0.14 |
Cadence Design Systems Leadership Team
Elected by the shareholders, the Cadence Design's board of directors comprises two types of representatives: Cadence Design inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cadence. The board's role is to monitor Cadence Design's management team and ensure that shareholders' interests are well served. Cadence Design's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cadence Design's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas Beckley, Sr. VP and General Manager of Custom IC and PCB Group | ||
| LipBu Tan, President CEO, Director | ||
| Paul Cunningham, Senior Group | ||
| Nimish Modi, Senior Ventures | ||
| Ariel Sella, CoFounder | ||
| Aneel Zaman, Senior Officer | ||
| Christina Jones, Senior Resources | ||
| John Wall, CFO, Senior Vice President | ||
| James Haddad, Corporate Treasurer | ||
| Anirudh Devgan, Sr. VP, General Manager of Digital and Signoff Group and General Manager of System and Verification Group | ||
| CHINCHI TENG, Senior Vice President - Research and Development | ||
| Karna Nisewaner, General VP | ||
| Richard Gu, Vice Relations |
Cadence Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cadence Design a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.32 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.26 % | ||||
| Operating Margin | 0.26 % | ||||
| Current Valuation | 77.13 B | ||||
| Shares Outstanding | 272.13 M | ||||
| Shares Owned By Insiders | 0.81 % | ||||
| Shares Owned By Institutions | 91.57 % | ||||
| Number Of Shares Shorted | 2.46 M | ||||
| Price To Earning | 58.71 X |
Pair Trading with Cadence Design
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cadence Design position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cadence Design will appreciate offsetting losses from the drop in the long position's value.Moving against Cadence Stock
| 0.83 | DTRK | DATATRAK International | PairCorr |
The ability to find closely correlated positions to Cadence Design could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cadence Design when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cadence Design - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cadence Design Systems to buy it.
The correlation of Cadence Design is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cadence Design moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cadence Design Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cadence Design can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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When running Cadence Design's price analysis, check to measure Cadence Design's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cadence Design is operating at the current time. Most of Cadence Design's value examination focuses on studying past and present price action to predict the probability of Cadence Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadence Design's price. Additionally, you may evaluate how the addition of Cadence Design to your portfolios can decrease your overall portfolio volatility.
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Is Cadence Design's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cadence Design. If investors know Cadence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cadence Design listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.022 | Earnings Share 3.85 | Revenue Per Share 15.135 | Quarterly Revenue Growth (0.01) | Return On Assets 0.1386 |
The market value of Cadence Design Systems is measured differently than its book value, which is the value of Cadence that is recorded on the company's balance sheet. Investors also form their own opinion of Cadence Design's value that differs from its market value or its book value, called intrinsic value, which is Cadence Design's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cadence Design's market value can be influenced by many factors that don't directly affect Cadence Design's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cadence Design's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cadence Design is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cadence Design's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.