Cadence Design Systems Management

Management criteria checks 3/4

Cadence Design Systems' CEO is Anirudh Devgan, appointed in Nov 2017, has a tenure of 3.25 years. total yearly compensation is $17.34M, comprised of 4.3% salary and 95.7% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth €18.51M. The average tenure of the management team and the board of directors is 4.1 years and 4.7 years respectively.

Key information

Anirudh Devgan

Chief executive officer

US$17.3m

Total compensation

CEO salary percentage	4.3%
CEO tenure	7yrs
CEO ownership	0.02%
Management average tenure	4.1yrs
Board average tenure	4.7yrs

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
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$17m	US$750k	US$1b
Sep 30 2023	n/a	n/a	US$958m
Jun 30 2023	n/a	n/a	US$890m
Mar 31 2023	n/a	n/a	US$855m
Dec 31 2022	US$32m	US$725k	US$849m
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

Compensation vs Market: Anirudh's total compensation ($USD17.34M) is above average for companies of similar size in the German market ($USD4.77M).

Compensation vs Earnings: Anirudh's compensation has been consistent with company performance over the past year.

CEO

Anirudh Devgan (54 yo)

7yrs

Tenure

US$17,341,862

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
Anirudh Devgan	CEO, President & Director	7yrs	US$17.34m	0.023% € 18.5m
John Wall	Senior VP & CFO	7.1yrs	US$5.91m	0.013% € 10.7m
Aneel Zaman	Senior VP & Chief Revenue Officer	4.1yrs	US$5.41m	0.0089% € 7.3m
Chin-Chi Teng	Senior VP and GM of the Digital & Signoff Group	6.8yrs	US$4.92m	0.034% € 27.9m
Paul Cunningham	Senior VP & GM of the System and Verification Group	3.7yrs	US$4.93m	0.022% € 18.3m
Ariel Sella	Co-Founder	no data	no data	no data
James Haddad	Corporate VP of Corporate Finance & Treasurer	18.6yrs	no data	no data
Tarak Ray	Chief Information Officer & Corporate VP	less than a year	no data	no data
Richard Gu	Vice President of Investor Relations	no data	no data	no data
Karna Nisewaner	Senior VP	2.2yrs	no data	0.0058% € 4.8m
Christina Jones	Senior Vice President of Global Human Resources	no data	no data	no data
Nimish Modi	Senior VP & GM of Strategy and New Ventures	2.2yrs	US$1.43m	no data

4.1yrs

Average Tenure

54yo

Average Age

Experienced Management: CDS's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anirudh Devgan	CEO, President & Director	3.3yrs	US$17.34m	0.023% € 18.5m
Young Sohn	Independent Director	11.8yrs	US$358.00k	0.0051% € 4.2m
Mark Adams	Independent Director	9.8yrs	US$364.00k	0.0047% € 3.9m
James Plummer	Independent Director	13.1yrs	US$334.00k	0.0099% € 8.2m
Alberto Sangiovanni-Vincentelli	Independent Director	32.8yrs	US$351.31k	0.015% € 12.1m
Lewis Chew	Independent Director	4.7yrs	US$378.00k	0.0028% € 2.3m
Ita Brennan	Independent Director	4.7yrs	US$362.00k	0.0028% € 2.3m
Mary Krakauer	Independent Chairman	2.8yrs	US$382.74k	0.0013% € 1.1m
Julia Liuson	Independent Director	3.8yrs	US$322.00k	0.0018% € 1.5m

4.7yrs

Average Tenure

61yo

Average Age

Experienced Board: CDS's board of directors are considered experienced (4.7 years average tenure).

Cadence Design Systems Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

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 €1.9m worth of stock

Independent Director recently sold €1.8m worth of stock

Independent Director recently sold €1.3m worth of stock

Recent updates

Now 20% overvalued after recent price rise

Third quarter 2024 earnings released: EPS: US$0.88 (vs US$0.94 in 3Q 2023)

Cadence Design Systems, Inc. Provides Unaudited Financial Guidance for the Fourth Quarter and Full Year Ending December 31, 2024

Altair Engineering Reportedly Explores Sale After Acquisition Interest

Insufficient new directors

Now 21% undervalued after recent price drop

Now 27% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: US$0.85 (vs US$0.82 in 2Q 2023)

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.

First quarter 2024 earnings released: EPS: US$0.92 (vs US$0.90 in 1Q 2023)

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

Full year 2023 earnings released: EPS: US$3.87 (vs US$3.13 in FY 2022)

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

Now 22% overvalued after recent price rise

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

Third quarter 2023 earnings released: EPS: US$0.94 (vs US$0.69 in 3Q 2022)

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).

Independent Director recently sold €1.9m worth of stock

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

Second quarter 2023 earnings released: EPS: US$0.82 (vs US$0.69 in 2Q 2022)

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.

First quarter 2023 earnings released: EPS: US$0.90 (vs US$0.86 in 1Q 2022)

Independent Director recently sold €1.8m worth of stock

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

Full year 2022 earnings released: EPS: US$3.13 (vs US$2.55 in FY 2021)

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

Independent Director recently sold €1.3m worth of stock

High number of new directors

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

Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.65 in 3Q 2021)

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