This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
The historical rank and industry rank for Cadence Design Systems's 3-Year Average Share Buyback Ratio or its related term are showing as below:
NAS:CDNS'
s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -67 Med: -2.2 Max: 7.3
Current: 0.4
-67
-
7.3
During the past years, Cadence Design Systems's highest 3-Year Average Share Buyback Ratio was 7.30. The lowest was -67.00. And the median was -2.20.
NAS:CDNS's 3-Year Average Share Buyback Ratio is ranked higher than
62% of the 418
Companies
in the Software industry.
( Industry Median: -4.95
vs. NAS:CDNS: 0.40
)
Cadence Design Systems 3-Year Average Share Buyback Ratio Historical Data
The historical data trend for Cadence Design Systems's 3-Year Average Share Buyback Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Cadence Design Systems Annual Data
Trend
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Dec20
3-Year Average Share Buyback Ratio
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Cadence Design Systems Quarterly Data
Sep16
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Mar19
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Mar20
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3-Year Average Share Buyback Ratio
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Competitive Comparison
For the Software - Application subindustry, Cadence Design Systems's 3-Year Average Share Buyback Ratio, along with its competitors' market caps and 3-Year Average Share Buyback Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cadence Design Systems 3-Year Average Share Buyback Ratio Distribution
For the Software industry and Technology sector, Cadence Design Systems's 3-Year Average Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Cadence Design Systems's 3-Year Average Share Buyback Ratio falls into.
Cadence Design Systems 3-Year Average Share Buyback Ratio Calculation
This is the average share buyback rate of the company over the past 3 years.
Cadence Design Systems (NAS:CDNS) 3-Year Average Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Cadence Design Systems 3-Year Average Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Cadence Design Systems's 3-Year Average Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cadence Design Systems was founded in 1988 after the merger of ECAD and SDA Systems. Cadence is known as an electronic design automation, or EDA, firm that specializes in developing software, hardware, and intellectual property that automates the design and verification of integrated circuits or larger chip systems. Historically, semiconductor firms have relied on the firm's tools, but there has been a shift toward other nontraditional "systems" users given the development of the Internet of Things, artificial intelligence, autonomous vehicles, and cloud computing. Cadence is headquartered in Silicon Valley, has approximately 8,100 employees worldwide, and was added to the S&P 500 in late 2017.
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