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Lip Tan Biography and Net Worth

CEO of Cadence Design Systems

Lip-Bu Tan has served as CEO of Cadence Design Systems, Inc. since January 2009 and has been a member of the Cadence Board of Directors since February 2004. He served as President of the company from 2009 to 2017. He also serves as chairman of Walden International, a venture capital firm he founded in 1987. Prior to joining Cadence, Tan was Vice President at Chappell & Co. and held management positions at EDS Nuclear and ECHO Energy.

He is a member of The Business Council and serves on the board of directors of SoftBank Group Corp., Schneider Electric, and Green Hills Software, as well as on the boards of the Electronic System Design Alliance (ESD Alliance) and the Global Semiconductor Association (GSA). He also serves on the Board of Trustees and the School of Engineering Dean’s Council at Carnegie Mellon University (CMU), and on the University of California Berkeley’s Engineering Advisory Board. Tan was the recipient of the 2016 GSA Morris Chang Exemplary Leadership Award.

Tan received a BS from Nanyang University in Singapore, an MS in nuclear engineering from the Massachusetts Institute of Technology, and an MBA from the University of San Francisco.

What is Lip Bu Tan's net worth?: The estimated net worth of Lip Bu Tan is at least $515.49 million as of December 5th, 2024. Mr. Tan owns 1,709,926 shares of Cadence Design Systems stock worth more than $515,491,391 as of December 21st. This net worth evaluation does not reflect any other investments that Mr. Tan may own. Learn More about Lip Bu Tan's net worth.
How do I contact Lip Bu Tan?: The corporate mailing address for Mr. Tan 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 Lip Bu Tan's contact information.
Has Lip Bu Tan been buying or selling shares of Cadence Design Systems?: Lip Bu Tan has not been actively trading shares of Cadence Design Systems during the last quarter. Most recently, Lip Bu Tan sold 42,500 shares of the business's stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $202.55, for a transaction totalling $8,608,375.00. Following the completion of the sale, the insider now directly owns 602,589 shares of the company's stock, valued at $122,054,401.95. Learn More on Lip Bu Tan'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), Paul Scannell (SVP of Worldwide Field Operations ), Paul Scannell (SVP of Worldwide Field Operations ), 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 42 times. They sold a total of 312,220 shares worth more than $92,016,731.52. The most recent insider tranaction occured on December, 18th when CFO John M Wall sold 4,224 shares worth more than $1,305,342.72. 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 12/18/2024.

Lip Bu Tan Insider Trading History at Cadence Design Systems

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
5/16/2023	Sell	42,500	$202.55	$8,608,375.00	602,589
4/28/2023	Sell	30,000	$209.82	$6,294,600.00	808,040
4/14/2023	Sell	42,500	$214.58	$9,119,650.00	602,589
3/31/2023	Sell	30,000	$209.04	$6,271,200.00	838,040
3/16/2023	Sell	42,500	$206.09	$8,758,825.00	602,589
2/28/2023	Sell	30,000	$194.07	$5,822,100.00	868,040
2/16/2023	Sell	42,500	$195.27	$8,298,975.00	602,589
1/31/2023	Sell	30,000	$182.53	$5,475,900.00	898,040
1/17/2023	Sell	42,500	$173.39	$7,369,075.00	602,589
12/21/2022	Sell	40,000	$164.55	$6,582,000.00	956,936
11/21/2022	Sell	40,000	$162.66	$6,506,400.00	996,936
10/21/2022	Sell	40,000	$156.11	$6,244,400.00	1,036,936
10/17/2022	Sell	50,000	$154.66	$7,733,000.00	602,589
9/21/2022	Sell	40,000	$168.76	$6,750,400.00	1,076,936
9/15/2022	Sell	50,000	$162.87	$8,143,500.00	602,589
8/19/2022	Sell	40,000	$187.99	$7,519,600.00	1,114,346
8/16/2022	Sell	50,000	$192.42	$9,621,000.00	608,023
7/21/2022	Sell	40,000	$166.74	$6,669,600.00	1,154,268
7/15/2022	Sell	50,000	$155.06	$7,753,000.00	612,176
6/24/2022	Sell	50,000	$153.88	$7,694,000.00	612,176
6/21/2022	Sell	40,000	$148.70	$5,948,000.00	1,197,268
5/27/2022	Sell	50,000	$153.58	$7,679,000.00	612,176
5/20/2022	Sell	40,000	$143.77	$5,750,800.00	612,176
5/3/2022	Sell	70,000	$152.30	$10,661,000.00	1,237,268
4/21/2022	Sell	40,000	$154.80	$6,192,000.00	652,176
4/19/2022	Sell	45,064	$153.22	$6,904,706.08	692,176
3/17/2022	Sell	50,000	$151.76	$7,588,000.00
2/25/2022	Sell	49,600	$150.92	$7,485,632.00
2/23/2022	Sell	400	$150.61	$60,244.00
1/18/2022	Sell	50,000	$154.99	$7,749,500.00
10/15/2021	Sell	50,000	$156.16	$7,808,000.00
9/15/2021	Sell	49,999	$166.65	$8,332,333.35
8/16/2021	Sell	50,000	$151.56	$7,578,000.00
7/15/2021	Sell	50,000	$137.43	$6,871,500.00
6/15/2021	Sell	50,000	$130.09	$6,504,500.00	793,894
5/17/2021	Sell	50,000	$121.47	$6,073,500.00	793,894
4/15/2021	Sell	50,000	$147.47	$7,373,500.00	793,894
2/16/2021	Sell	50,000	$147.09	$7,354,500.00
1/15/2021	Sell	50,000	$134.60	$6,730,000.00	781,709
11/16/2020	Sell	50,000	$114.84	$5,742,000.00	781,709
10/15/2020	Sell	50,000	$115.64	$5,782,000.00	781,709
8/17/2020	Sell	50,000	$109.39	$5,469,500.00
7/15/2020	Sell	50,000	$98.98	$4,949,000.00	802,128
6/15/2020	Sell	50,000	$89.80	$4,490,000.00	802,128
4/15/2020	Sell	50,000	$75.54	$3,777,000.00	802,128
3/30/2020	Sell	37,705	$67.07	$2,528,874.35	789,833
3/26/2020	Sell	12,295	$67.04	$824,256.80	871,805
1/15/2020	Sell	50,000	$72.17	$3,608,500.00	898,272
12/16/2019	Sell	40,000	$69.09	$2,763,600.00	888,272
11/18/2019	Sell	50,000	$68.83	$3,441,500.00
11/15/2019	Sell	40,000	$67.21	$2,688,400.00	888,272
10/15/2019	Sell	40,000	$67.50	$2,700,000.00	888,272
9/16/2019	Sell	40,000	$65.29	$2,611,600.00	888,272
8/15/2019	Sell	40,000	$68.02	$2,720,800.00	899,852
7/15/2019	Sell	40,000	$75.12	$3,004,800.00	899,852
6/17/2019	Sell	40,000	$67.80	$2,712,000.00	899,852
5/15/2019	Sell	40,000	$68.72	$2,748,800.00	899,852
4/15/2019	Sell	40,000	$64.98	$2,599,200.00	859,852
1/31/2019	Sell	100,000	$48.05	$4,805,000.00
10/23/2018	Sell	94,531	$46.00	$4,348,426.00	506,597
9/17/2018	Sell	5,469	$46.10	$252,120.90	424,566
8/15/2018	Sell	100,000	$45.33	$4,533,000.00	552,813
7/16/2018	Sell	100,000	$45.14	$4,514,000.00	552,813
6/15/2018	Sell	100,000	$44.82	$4,482,000.00	502,813
1/16/2018	Sell	25,000	$44.69	$1,117,250.00	458,333
12/15/2017	Sell	100,000	$43.52	$4,352,000.00	533,333
10/16/2017	Sell	100,000	$41.97	$4,197,000.00	445,833
8/15/2017	Sell	100,000	$37.18	$3,718,000.00	583,332
7/17/2017	Sell	100,000	$34.68	$3,468,000.00	583,332
6/15/2017	Sell	100,000	$34.04	$3,404,000.00	583,332
4/17/2017	Sell	100,000	$31.26	$3,126,000.00	583,332
12/15/2016	Sell	100,000	$25.69	$2,569,000.00	466,665
10/17/2016	Sell	100,000	$25.99	$2,599,000.00	466,665
7/15/2016	Sell	25,000	$25.59	$639,750.00	512,498
6/15/2016	Sell	150,000	$24.39	$3,658,500.00	637,498
4/15/2016	Sell	150,000	$23.40	$3,510,000.00	637,498
10/20/2015	Sell	155,000	$21.19	$3,284,450.00	187,498
9/21/2015	Sell	155,000	$21.06	$3,264,300.00	187,498
8/20/2015	Sell	155,000	$20.78	$3,220,900.00	239,128
4/20/2015	Sell	125,000	$18.58	$2,322,500.00
2/25/2015	Sell	895,174	$18.48	$16,542,815.52
2/24/2015	Sell	120,411	$18.62	$2,242,052.82
2/23/2015	Sell	695,589	$18.43	$12,819,705.27
2/5/2014	Buy	11,000	$13.76	$151,360.00	315,831
2/4/2014	Buy	10,000	$13.89	$138,900.00	315,831
10/29/2013	Buy	20,000	$12.83	$256,600.00

Lip Bu Tan Buying and Selling Activity at Cadence Design Systems

Cadence Design Systems Company Overview

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.

Today's Range

Now: $301.47

$295.98

$306.50

50 Day Range

MA: $292.80

$249.09

$324.54

2 Week Range

Now: $301.47

$241.29

$328.99

Volume

3,007,624 shs

Average Volume

1,763,440 shs

Market Capitalization

$82.68 billion

P/E Ratio

79.13

Dividend Yield

N/A

Beta

1.03

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