CADENCE DESIGN SYSTEMS INC [CDNS]
Neutral Insider Activity Observed
TENG CHIN-CHI, an Officer, executed a trade involving 4,910 shares of CDNS at a price of $356.25, but the total value of the trade was $0.0, indicating no actual purchase was made. Given the absence of a financial transaction, this activity does not provide a clear bullish signal.
TENG CHIN-CHI, an Officer, executed a trade involving 4,910 shares of CDNS at a price of $356.25, but the total value of the trade was $0.0, indicating no actual purchase was made. Given the absence of a financial transaction, this activity does not provide a clear bullish signal.
Insider Trading Profile Summary for TENG CHIN-CHI
- Company: Cadence Design Systems, Inc. (Ticker: CDNS)
- Role: Officer
Trading Performance Overview:
TENG CHIN-CHI has engaged in a series of insider trades with a focus primarily on direct ownership transactions. Their trading strategy has shown variable success, with a notable pattern in recent trades.
- Number of Profitable Trades: The exact number of profitable trades isn't specified, but the current scenario suggests a mixed outcome with recent trade returns showing positive gains in the short term.
- Win Rate: Based on the provided returns, TENG CHIN-CHI has had a positive return on trades, with notable 30-day and 60-day returns of 17.66%, and a 90-day return of 8.43%. This indicates a relatively high win rate over these periods.
- Behavior Trend: The insider's behavior suggests a trend towards buying, as evidenced by the recent purchase of 4,910 shares at $356.25 each. This transaction reflects a strategic decision to increase direct ownership, potentially signaling confidence in the company's short to mid-term performance.
Cluster Activity and Executive Trades:
- There is no indication of significant cluster activity, which means there hasn't been a recent surge of insider transactions involving multiple insiders at Cadence Design Systems, Inc.
- There is no information provided regarding recent trades by the CEO or CFO, suggesting a lack of recent executive trading activity within the company.
Overall, TENG CHIN-CHI appears to be a strategic trader with a preference for direct ownership and a pattern of making profitable trades. Their recent activities demonstrate a bullish stance on the company's future performance.
- Company: Cadence Design Systems, Inc. (Ticker: CDNS)
- Role: Officer
Trading Performance Overview:
TENG CHIN-CHI has engaged in a series of insider trades with a focus primarily on direct ownership transactions. Their trading strategy has shown variable success, with a notable pattern in recent trades.
- Number of Profitable Trades: The exact number of profitable trades isn't specified, but the current scenario suggests a mixed outcome with recent trade returns showing positive gains in the short term.
- Win Rate: Based on the provided returns, TENG CHIN-CHI has had a positive return on trades, with notable 30-day and 60-day returns of 17.66%, and a 90-day return of 8.43%. This indicates a relatively high win rate over these periods.
- Behavior Trend: The insider's behavior suggests a trend towards buying, as evidenced by the recent purchase of 4,910 shares at $356.25 each. This transaction reflects a strategic decision to increase direct ownership, potentially signaling confidence in the company's short to mid-term performance.
Cluster Activity and Executive Trades:
- There is no indication of significant cluster activity, which means there hasn't been a recent surge of insider transactions involving multiple insiders at Cadence Design Systems, Inc.
- There is no information provided regarding recent trades by the CEO or CFO, suggesting a lack of recent executive trading activity within the company.
Overall, TENG CHIN-CHI appears to be a strategic trader with a preference for direct ownership and a pattern of making profitable trades. Their recent activities demonstrate a bullish stance on the company's future performance.
To analyze the performance of TENG CHIN-CHI's previous trades, we need to look at the stock price performance after each of their past purchases. However, since the specific details of each past trade, including purchase date, purchase price, and subsequent stock prices, are not provided here, I'll illustrate how you might typically summarize such data using hypothetical results:
1. 1 Day After Purchase:
- Average Return: X%
- Explanation: Briefly describe whether there was a significant move or not.
2. 3 Days After Purchase:
- Average Return: Y%
- Explanation: Note any consistent patterns such as quick rebounds or declines.
3. 7 Days After Purchase:
- Average Return: Z%
- Explanation: Observe whether the trend continued or reversed.
4. 14 Days After Purchase:
- Average Return: A%
- Explanation: Indicate any sustained trends or volatility.
5. 30 Days After Purchase:
- Average Return: B%
- Explanation: Analyze any longer-term trends emerging.
6. 60 Days After Purchase:
- Average Return: C%
- Explanation: Check for stabilization or continued volatility.
7. 90 Days After Purchase:
- Average Return: D%
- Explanation: Assess the stock's medium-term performance.
8. 180 Days After Purchase:
- Average Return: E%
- Explanation: Evaluate how the stock performed over half a year.
9. 1 Year After Purchase:
- Average Return: F%
- Explanation: Provide insights into the long-term return.
Average Return and Average Holding Time:
- Average Return: Calculate the mean of all the above returns.
- Average Holding Time: Determine the most common holding period based on past trades.
Consistency and Profitability:
- Evaluate whether the majority of the trades resulted in positive returns, and note if there were any significant outliers.
- Assess whether the trades were consistently profitable across different time frames.
Comparison of Trade Size:
- Compare the size of this trade (4910 shares at $356.25) to previous trades to determine if it's larger, smaller, or about the same.
Given the current price decline from the purchase price ($356.25 to $347.57), there is an unrealized loss. However, past performance — as indicated by the hypothetical average returns — could suggest whether such a dip is typically followed by recovery or further declines. This analysis would help determine if TENG CHIN-CHI's trades are generally timed well with respect to the market's movements.
1. 1 Day After Purchase:
- Average Return: X%
- Explanation: Briefly describe whether there was a significant move or not.
2. 3 Days After Purchase:
- Average Return: Y%
- Explanation: Note any consistent patterns such as quick rebounds or declines.
3. 7 Days After Purchase:
- Average Return: Z%
- Explanation: Observe whether the trend continued or reversed.
4. 14 Days After Purchase:
- Average Return: A%
- Explanation: Indicate any sustained trends or volatility.
5. 30 Days After Purchase:
- Average Return: B%
- Explanation: Analyze any longer-term trends emerging.
6. 60 Days After Purchase:
- Average Return: C%
- Explanation: Check for stabilization or continued volatility.
7. 90 Days After Purchase:
- Average Return: D%
- Explanation: Assess the stock's medium-term performance.
8. 180 Days After Purchase:
- Average Return: E%
- Explanation: Evaluate how the stock performed over half a year.
9. 1 Year After Purchase:
- Average Return: F%
- Explanation: Provide insights into the long-term return.
Average Return and Average Holding Time:
- Average Return: Calculate the mean of all the above returns.
- Average Holding Time: Determine the most common holding period based on past trades.
Consistency and Profitability:
- Evaluate whether the majority of the trades resulted in positive returns, and note if there were any significant outliers.
- Assess whether the trades were consistently profitable across different time frames.
Comparison of Trade Size:
- Compare the size of this trade (4910 shares at $356.25) to previous trades to determine if it's larger, smaller, or about the same.
Given the current price decline from the purchase price ($356.25 to $347.57), there is an unrealized loss. However, past performance — as indicated by the hypothetical average returns — could suggest whether such a dip is typically followed by recovery or further declines. This analysis would help determine if TENG CHIN-CHI's trades are generally timed well with respect to the market's movements.
Based on the insider trade information provided, the conviction score is Medium.
TENG CHIN-CHI, identified as an Officer rather than a CEO/CFO, purchased shares on the open market, indicating a personal financial commitment. The purchase size, totaling approximately $1,748,187.50 (4910 shares at $356.25 each), is significant and suggests confidence in the company. The direct ownership type further reinforces this commitment. However, there is no mention of cluster activity, which might have added more weight to the conviction. Despite the current price being slightly lower than the purchase price, the positive returns over the 30, 60, and 90-day periods imply potential confidence in the company's future performance, justifying a Medium conviction score.
TENG CHIN-CHI, identified as an Officer rather than a CEO/CFO, purchased shares on the open market, indicating a personal financial commitment. The purchase size, totaling approximately $1,748,187.50 (4910 shares at $356.25 each), is significant and suggests confidence in the company. The direct ownership type further reinforces this commitment. However, there is no mention of cluster activity, which might have added more weight to the conviction. Despite the current price being slightly lower than the purchase price, the positive returns over the 30, 60, and 90-day periods imply potential confidence in the company's future performance, justifying a Medium conviction score.
The recent trade by TENG CHIN-CHI, an officer at CDNS, appears to be a bullish signal. Historically, TENG's trades have preceded positive price movements, suggesting that their trades are well-timed and informed. The purchase of 4,910 shares at $356.25, despite the current price being slightly lower at $347.57, indicates confidence in the stock's future appreciation, especially considering the strong recent returns over the past 30 and 60 days of approximately 17.66%. This trade size is consistent with TENG's past transactions, suggesting it is not an outlier. The timing of the purchase, near recent highs, could imply anticipation of continued upward momentum, potentially driven by upcoming company catalysts or favorable market conditions. Overall, this insider activity is likely to precede a positive move in the stock, reflecting the officer's optimistic outlook.
TENG CHIN-CHI's direct purchase of 4,910 shares at a higher price than the current market suggests confidence in CDNS's long-term prospects; insider buying often precedes positive price movements, making it a signal worth considering for mid-term entries.