Anirudh  Devgan net worth and biography

Anirudh Devgan Biography and Net Worth

Anirudh Devgan has served as President of Cadence since 2017, overseeing all business groups, research and development, sales, field engineering and customer support, strategy, marketing, IT, mergers and acquisitions, and business development. Prior to becoming President, he was Executive Vice President and General Manager of the Digital & Signoff and System & Verification groups.

Prior to joining Cadence in 2012, Devgan was General Manager and Corporate Vice President of the Custom Design Business Unit at Magma Design Automation. Previous roles include management and technical positions at IBM, where he received numerous awards including the IBM Outstanding Innovation Award. Devgan is an IEEE Fellow, has written numerous research papers, and holds several patents.

Devgan received a Bachelor of Technology degree in electrical engineering from the Indian Institute of Technology, Delhi, and MS and PhD degrees in electrical and computer engineering from Carnegie Mellon University.

What is Anirudh Devgan's net worth?

The estimated net worth of Anirudh Devgan is at least $19.58 million as of March 18th, 2024. Dr. Devgan owns 67,812 shares of Cadence Design Systems stock worth more than $19,584,784 as of May 18th. This net worth estimate does not reflect any other investments that Dr. Devgan may own. Additionally, Dr. Devgan receives a salary of $1,950,000.00 as President at Cadence Design Systems. Learn More about Anirudh Devgan's net worth.

How old is Anirudh Devgan?

Dr. Devgan is currently 54 years old. There are 5 older executives and no younger executives at Cadence Design Systems. Learn More on Anirudh Devgan's age.

What is Anirudh Devgan's salary?

As the President of Cadence Design Systems, Inc., Dr. Devgan earns $1,950,000.00 per year. Learn More on Anirudh Devgan's salary.

How do I contact Anirudh Devgan?

The corporate mailing address for Dr. Devgan and other Cadence Design Systems executives is 2655 SEELY AVENUE BLDG 5, SAN JOSE CA, 95134. Cadence Design Systems can also be reached via phone at (408) 943-1234 and via email at [email protected]. Learn More on Anirudh Devgan's contact information.

Has Anirudh Devgan been buying or selling shares of Cadence Design Systems?

Anirudh Devgan has not been actively trading shares of Cadence Design Systems within the last three months. Most recently, Anirudh Devgan sold 48,533 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $302.50, for a transaction totalling $14,681,232.50. Following the completion of the sale, the chief executive officer now directly owns 67,812 shares of the company's stock, valued at $20,513,130. Learn More on Anirudh Devgan's trading history.

Who are Cadence Design Systems' active insiders?

Cadence Design Systems' insider roster includes Mark Adams (Director), Thomas Beckley (VP), Susan Bostrom (Director), Paul Cunningham (VP), Anirudh Devgan (President), Surendra Mandava (VP), Karna Nisewaner (VP), James Plummer (Director), Albert Sangiovanni-Vincentelli (Director), John Shoven (Director), Roger Siboni (Director), Young Sohn (Director), Lip Tan (CEO), Chin-Chi Teng (VP), John Wall (CFO), and Aneel Zaman (VP). Learn More on Cadence Design Systems' active insiders.

Are insiders buying or selling shares of Cadence Design Systems?

During the last twelve months, insiders at the software maker sold shares 44 times. They sold a total of 418,665 shares worth more than $110,745,236.89. The most recent insider tranaction occured on May, 15th when Director Vincentelli Albert Sangiovanni sold 1,500 shares worth more than $430,710.00. Insiders at Cadence Design Systems own 2.0% of the company. Learn More about insider trades at Cadence Design Systems.

Information on this page was last updated on 5/15/2024.

Anirudh Devgan Insider Trading History at Cadence Design Systems

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/18/2024Sell48,533$302.50$14,681,232.5067,812View SEC Filing Icon  
2/27/2024Sell1,454$303.90$441,870.60136,455View SEC Filing Icon  
9/18/2023Sell2,822$234.42$661,533.24139,348View SEC Filing Icon  
8/28/2023Sell1,523$233.97$356,336.31144,944View SEC Filing Icon  
3/16/2023Sell5,645$201.65$1,138,314.25199,178View SEC Filing Icon  
2/28/2023Sell1,525$193.26$294,721.50172,414View SEC Filing Icon  
2/23/2023Sell3,147$197.46$621,406.62175,433View SEC Filing Icon  
8/29/2022Sell1,523$176.34$268,565.82180,859View SEC Filing Icon  
8/16/2022Sell2,817$191.71$540,047.07183,878View SEC Filing Icon  
6/9/2022Sell35,217$158.82$5,593,163.94189,387View SEC Filing Icon  
11/19/2021Sell25,000$189.00$4,725,000.00View SEC Filing Icon  
11/16/2021Sell25,000$184.00$4,600,000.00View SEC Filing Icon  
11/4/2021Sell25,000$179.00$4,475,000.00View SEC Filing Icon  
8/24/2021Sell3,922$158.71$622,460.62228,518View SEC Filing Icon  
8/17/2021Sell2,817$150.45$423,817.65View SEC Filing Icon  
4/13/2021Sell33,278$147.00$4,891,866.00237,935View SEC Filing Icon  
2/23/2021Sell3,922$131.15$514,370.30289,744View SEC Filing Icon  
2/17/2021Sell5,634$143.16$806,563.44299,234View SEC Filing Icon  
2/9/2021Sell4,666$137.44$641,295.04View SEC Filing Icon  
11/17/2020Sell3,782$114.04$431,299.28316,766View SEC Filing Icon  
8/25/2020Sell3,922$111.23$436,244.06324,406View SEC Filing Icon  
8/7/2020Sell4,204$110.33$463,827.32View SEC Filing Icon  
7/1/2020Sell150,000$97.00$14,550,000.00406,567View SEC Filing Icon  
6/19/2020Sell60,000$94.98$5,698,800.00366,567View SEC Filing Icon  
6/16/2020Sell3,782$92.38$349,381.16336,567View SEC Filing Icon  
4/13/2020Sell17,120$70.83$1,212,609.60378,353View SEC Filing Icon  
1/17/2020Sell15,971$72.99$1,165,723.29410,610View SEC Filing Icon  
4/5/2019Sell52,466$63.83$3,348,904.78494,480View SEC Filing Icon  
9/21/2018Sell20,476$45.73$936,367.48335,170View SEC Filing Icon  
5/1/2018Sell39,780$39.81$1,583,641.80348,544View SEC Filing Icon  
3/1/2018Sell40,063$38.54$1,544,028.02403,387View SEC Filing Icon  
1/16/2018Sell44,526$45.01$2,004,115.26377,019View SEC Filing Icon  
3/9/2017Sell20,000$31.19$623,800.00313,381View SEC Filing Icon  
8/11/2016Sell130,000$24.85$3,230,500.00424,707View SEC Filing Icon  
3/20/2015Sell20,000$18.71$374,200.00View SEC Filing Icon  
See Full Table

Anirudh Devgan Buying and Selling Activity at Cadence Design Systems

This chart shows Anirudh Devgan's buying and selling at Cadence Design Systems by year and by quarter.

Skip ChartChart Data in Insider Trading History Table

Cadence Design Systems Company Overview

Cadence Design Systems logo
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
Read More

Today's Range

Now: $288.81
Low: $288.39
High: $290.28

50 Day Range

MA: $297.52
Low: $274.55
High: $322.80

2 Week Range

Now: $288.81
Low: $203.13
High: $327.36

Volume

895,919 shs

Average Volume

1,746,309 shs

Market Capitalization

$78.60 billion

P/E Ratio

75.21

Dividend Yield

N/A

Beta

1.06