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Cadence Design Systems Management

Management criteria checks 2/4

Cadence Design Systems' CEO is Anirudh Devgan, appointed in Nov 2017, has a tenure of 5.08 years. total yearly compensation is $21.74M, comprised of 2.8% salary and 97.2% bonuses, including company stock and options. directly owns 0.066% of the company’s shares, worth €27.21M. The average tenure of the management team and the board of directors is 5.1 years and 7.8 years respectively.

Key information

Anirudh Devgan

Chief executive officer

US$21.7m

Total compensation

CEO salary percentage	2.78%
CEO tenure	5.1yrs
CEO ownership	0.07%
Management average tenure	5.1yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Anirudh Devgan's remuneration changed compared to Cadence Design Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Oct 01 2022	n/a	n/a	US$785m
Jul 02 2022	n/a	n/a	US$775m
Apr 02 2022	n/a	n/a	US$744m
Jan 01 2022	US$22m	US$605k	US$696m
Oct 02 2021	n/a	n/a	US$693m
Jul 03 2021	n/a	n/a	US$678m
Apr 03 2021	n/a	n/a	US$654m
Jan 02 2021	US$6m	US$562k	US$591m
Sep 26 2020	n/a	n/a	US$1b
Jun 27 2020	n/a	n/a	US$1b
Mar 28 2020	n/a	n/a	US$992m
Dec 28 2019	US$9m	US$550k	US$989m
Sep 28 2019	n/a	n/a	US$428m
Jun 29 2019	n/a	n/a	US$426m
Mar 30 2019	n/a	n/a	US$393m
Dec 29 2018	US$4m	US$500k	US$346m
Sep 29 2018	n/a	n/a	US$233m
Jun 30 2018	n/a	n/a	US$215m
Mar 31 2018	n/a	n/a	US$209m
Dec 30 2017	US$5m	US$434k	US$204m
Sep 30 2017	n/a	n/a	US$257m
Jul 01 2017	n/a	n/a	US$241m
Apr 01 2017	n/a	n/a	US$221m
Dec 31 2016	US$4m	US$400k	US$203m
Oct 01 2016	n/a	n/a	US$245m
Jul 02 2016	n/a	n/a	US$258m
Apr 02 2016	n/a	n/a	US$267m
Jan 02 2016	US$2m	US$375k	US$252m

Compensation vs Market: Anirudh's total compensation ($USD21.74M) is above average for companies of similar size in the German market ($USD4.53M).

Compensation vs Earnings: Anirudh's compensation has increased by more than 20% in the past year.

CEO

Anirudh Devgan (52 yo)

5.1yrs

Tenure

US$21,735,794

Compensation

Dr. Anirudh Devgan, Ph D., has been President of Cadence Design Systems, Inc. since November 16, 2017 and has been its Director since August 01, 2021. He has been Chief Executive Officer at Cadence Design...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lip-Bu Tan	Executive Chair of the Board	18.8yrs	US$11.17m	0.59% € 242.6m
Anirudh Devgan	CEO, President & Director	5.1yrs	US$21.74m	0.066% € 27.2m
John Wall	Senior VP & CFO	15.2yrs	US$9.80m	0.047% € 19.2m
Thomas Beckley	Senior VP and GM of Custom IC & PCB Group	10.3yrs	US$3.32m	0.077% € 32.0m
Aneel Zaman	Senior VP & Chief Revenue Officer	2.2yrs	US$4.29m	0.033% € 13.7m
Chin-Chi Teng	Senior VP and GM of the Digital & Signoff Group	4.9yrs	US$3.34m	0.051% € 21.2m
Ariel Sella	Co-Founder	no data	no data	no data
James Haddad	Corporate VP of Corporate Finance & Treasurer	16.7yrs	no data	no data
Richard Gu	Vice President of Investor Relations	no data	no data	no data
Karna Nisewaner	Corporate VP	less than a year	no data	0.0061% € 2.5m
Christina Jones	Senior Vice President of Global Human Resources	no data	no data	no data
Ping Chao	Executive Vice President and Senior Advisor to the Executive Chairman & Executive Team	18.1yrs	no data	no data

5.1yrs

Average Tenure

54.5yo

Average Age

Experienced Management: CDS's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lip-Bu Tan	Executive Chair of the Board	18.8yrs	US$11.17m	0.59% € 242.6m
Anirudh Devgan	CEO, President & Director	1.3yrs	US$21.74m	0.066% € 27.2m
Young Sohn	Independent Director	9.8yrs	US$320.05k	0.013% € 5.5m
Mark Adams	Independent Director	7.8yrs	US$330.05k	0.0052% € 2.1m
James Plummer	Independent Director	11.2yrs	US$340.05k	0.012% € 4.8m
Alberto Sangiovanni-Vincentelli	Independent Director	30.9yrs	US$292.05k	0.037% € 15.1m
John Shoven	Lead Independent Director	30.9yrs	US$433.66k	0.074% € 30.3m
Lewis Chew	Independent Director	2.8yrs	US$332.05k	0.0021% € 858.3k
Ita Brennan	Independent Director	2.8yrs	US$296.05k	0.0021% € 850.1k
Mary Krakauer	Independent Director	less than a year	no data	0.00057% € 235.2k
Julia Liuson	Independent Director	1.9yrs	US$319.37k	0.0011% € 453.9k

7.8yrs

Average Tenure

63yo

Average Age

Experienced Board: CDS's board of directors are considered experienced (7.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/12/28 13:39
End of Day Share Price	2022/09/30 00:00
Earnings	2022/10/01
Annual Earnings	2022/01/01

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cadence Design Systems, Inc. is covered by 40 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Joseph Vruwink	Baird
Ishan Majumdar	Baptista Research
Gary Mobley	Benchmark Company

This company listing is no longer active

Cadence Design Systems Management

Management criteria checks 2/4

Key information

Recent management updates

Cadence Design Systems, Inc., Annual General Meeting, May 02, 2024

John B. Shoven to Retire from the Board of Cadence Design Systems, Inc

Independent Director recently sold €2.3m worth of stock

Independent Director recently sold €1.9m worth of stock

High number of new directors

High number of new directors

Recent updates

Cadence Design Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024

Cadence Design Systems, Inc. to Report Q2, 2024 Results on Jul 22, 2024

Cadence Design Systems, Inc. Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of BETA CAE Systems International AG.

Cadence Design Systems, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Cadence Design Systems, Inc., Annual General Meeting, May 02, 2024

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024

John B. Shoven to Retire from the Board of Cadence Design Systems, Inc

Cadence Design Systems, Inc. Announces the Cadence Millennium Enterprise Multiphysics Platform

Cadence Design Systems, Inc. Significantly Advances ECAD/MCAD Convergence for Electronic Systems with New Celsius Studio AI Thermal Platform

Cadence Design Systems, Inc. (NasdaqGS:CDNS) acquired INVECAS Inc.

Cadence Design Systems, Inc. Announces Voltus InsightAI, Industry’s First Generative AI Technology that Automatically Identifies and Addresses EM-IR Violations

Cadence Design Systems, Inc. Expands Tensilica Ip Portfolio with New Hifi and Vision Dsps for Pervasive Intelligence and Edge Ai Inference

Cadence Design Systems, Inc. Expands Support for 3Dblox 2.0 Standard with New System Prototyping Flows

Cadence Design Systems, Inc. Announces the Expansion of its Node-to-Node Design Migration Flow Based on the Cadence Virtuoso Studio

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreement to acquire Intrinsix Corp. from CEVA, Inc. (NasdaqGS:CEVA) for $31.3 million.

Cadence Design Systems, Inc. Accelerates On-Device and Edge AI Performance and Efficiency with New Neo NPU IP and NeuroWeave SDK for Silicon Design

Cadence Design Systems, Inc. Unveils Next-Generation Ai-Driven Orcad X Delivering Up to 5X Faster Pcb Design and Enabled with Cadence Oncloud

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Rambus SerDes and memory interface PHY IP business from Rambus Inc. (NasdaqGS:RMBS).

Cadence Design Systems, Inc. Advances Pervasive Intelligence at the Edge with Next-Generation Extensible Tensilica Processor Platform

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Half and Full Year of Fiscal Year Ending December 31, 2023

Cadence Design Systems, Inc. Unveils Joules RTL Design Studio, Delivering Breakthrough Gains in RTL Productivity and Quality of Results

Cadence Design Systems, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Cadence Design Systems, Inc. Announces AI-Based Virtuoso Studio Certified for Samsung Foundry PDKs for Mature and Advanced Nodes

Cadence Design Systems, Inc. (NasdaqGS:CDNS) announces an Equity Buyback for $200 million worth of its shares.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) acquired Pulsic Limited.

Cadence Design Systems, Inc. Delivers 13 New VIP and Expands System VIP Portfolio to Accelerate Automotive, Hyperscale Data Center and Mobile SoC Verification

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2023

Cadence Quantus FS Solution Achieves Certification for Samsung Foundry’s SF4, SF3E and SF3 Process Technologies

Tachyum Announces Amicable Settlement with Cadence Design Systems, Inc

Cadence Design Systems, Inc. Introduces Industry’s Leading-Performance, Silicon-Proven 22Gbps GDDR6 IP at TSMC N5

Cadence Design Systems, Inc. Accelerates RF Design with Delivery of New TSMC N16 mmWave Reference Flow

Cadence Design Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2022

Cadence Design Systems, Inc. Announces the New Cadence Certus Closure Solution

Cadence Design Systems, Inc. Announced the Cadence Verisium Artificial Intelligence (A-Driven Verification Platform

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of OpenEye Scientific Software, Inc.

Press Release: Cadence Accelerates Hyperscale Soc Design with Industry's First Verification IP and System VIP for Cxl 3.0

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreements to acquire OpenEye Scientific Software, Inc. for approximately $500 million.

Second quarter 2022 earnings released: EPS: US$0.69 (vs US$0.57 in 2Q 2021)

Cadence Design Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Future Facilities Limited.

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into an agreement to acquire Future Facilities Limited.

Cadence Design Systems, Inc. Introduces the Voltus-XFi Custom Power Integrity Solution, Delivering over 3X Productivity Gains

Now 20% undervalued after recent price drop

Cadence Design Systems, Inc. Expands Tensilica® ConnX Family of Radar, Lidar and Communications

Cadence Design Systems, Inc. Announces Xcelium Apps, a Portfolio of Domain-Specific Technologies

Cadence Achieves PCIe 5.0 Specification Compliance for PHY and Controller IP in TSMC Advanced Technologies

Cadence Design Systems, Inc.'s RFIC Solutions Support TSMC N6RF Design Reference Flow

Cadence Design Systems, Inc. Announces Wide Range of Leading Semiconductor and System Customers Successfully Adopted Comprehensive Line-up of Cadence Design IP in TSMC’s 5nm Process Technology

Cadence Design Systems, Inc. Extends Cloud Leadership with Transformational Cadence OnCloud SaaS and E-Commerce Platform

Independent Director recently sold €2.3m worth of stock

Cadence Design Systems, Inc. Announces the Availability of 15 New Verification IP Solutions

Cadence Digital Full Flow Achieves Certification for Global Foundries(R) 12LP/12LP+ Process Platforms

Independent Director recently sold €1.9m worth of stock

First quarter 2022 earnings released: EPS: US$0.86 (vs US$0.68 in 1Q 2021)

High number of new directors

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Quarter and Fiscal Year 2022

Cadence Design Systems, Inc. Ushers in New Era of Performance and Accuracy for Multiphysics System Simulation with Fidelity CFD

New Cadence High-Speed Ethernet Controller IP Family Enables Silicon-Proven Ethernet Subsystem Solutions up to 800Gbps

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2022

High number of new directors

Cadence Design Systems, Inc. Appoints Mary Louise Krakauer to Board of Directors

Cadence Design Systems, Inc. Announces Full Dram Verification Solution for Automotive, Data Center, and Mobile Applications

Third quarter 2021 earnings released: EPS US$0.65 (vs US$0.59 in 3Q 2020)

Cadence Design Systems, Inc. Accelerates Intelligent SoC Development with Comprehensive On-Device Tensilica AI Platform