DEVGAN ANIRUDH, President and CEO, has demonstrated a pronounced selling bias in recent transactions, with $130.4 million in total sales compared to $10.8 million in purchases across two companies—primarily Cadence Design Systems (CDNS) and Lam Research (LRCX). The bulk of activity has centered on CDNS, where eight recent sales since late 2025 accounted for significant disposals, including a $28.9 million transaction on January 6, 2025, and a $6.8 million sale on December 5, 2025. Smaller but repeated sales occurred in November 2025, with six transactions ranging from $42,996 to $618,131. The selling trend intensified in March 2026, with three large dispositions totaling $26.3 million, including a single $18.9 million transaction on March 16.
While Devgan’s purchases in CDNS were sporadic—mostly involving smaller, periodic acquisitions under $2 million—the absence of recent buys contrasts sharply with the accelerated selling. The only non-CDNS activity involved a minor filing for LRCX in February 2026 with no reported monetary value. The pattern suggests a consistent reduction in CDNS holdings, particularly concentrated in early 2026, with no offsetting buys to counterbalance the disposals. The transactions appear methodical, often clustered around specific dates, but the scale and one-sided nature of recent activity underscore a clear divestment focus.
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