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Cadence Design Systems Inc. (CDNS) CEO Lip Bu Tan buys 10,000 Shares

March 09, 2011 | About: CDNS +0%
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President and CEO of Cadence Design Systems Inc. (CDNS) Lip Bu Tan buys 10,000 shares of CDNS on 03/08/2011 at an average price of $9.74 a share.

Cadence Design Systems Inc. has a market cap of $2.65 billion; its shares were traded at around $9.88 with a P/E ratio of 22 and P/S ratio of 2.8.

This is the annual revenues and earnings per share of CDNS over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CDNS.


CEO Recent Trades:


  • Buy: President and CEO Lip Bu Tan bought 10,000 shares of CDNS stock on 03/07/2011 at the average price of 9.47. Lip Bu Tan owns at least 748,118 shares after this. The price of the stock has increased by 4.33% since.
  • Buy: President and CEO Lip Bu Tan bought 25,000 shares of CDNS stock on 02/08/2011 at the average price of 9.77. Lip Bu Tan owns at least 738,118 shares after this. The price of the stock has increased by 1.13% since.

CFO Recent Trades:


  • Buy: Senior Vice President, CFO Geoffrey G Ribar bought 10,000 shares of CDNS stock on 02/07/2011 at the average price of 9.48. Geoffrey G Ribar owns at least 50,000 shares after this. The price of the stock has increased by 4.22% since.


For the complete insider trading history of CDNS, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 2.0/5 (3 votes)

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