Cadence Design Systems, Inc. (NASDAQ:CDNS) to Post Q1 2025 Earnings of $1.17 Per Share, Griffin Securities Forecasts

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Analysts at Griffin Securities upped their Q1 2025 EPS estimates for shares of Cadence Design Systems in a research note issued to investors on Tuesday, April 23rd. Griffin Securities analyst J. Vleeschhouwer now anticipates that the software maker will post earnings per share of $1.17 for the quarter, up from their prior forecast of $1.12. The consensus estimate for Cadence Design Systems’ current full-year earnings is $4.81 per share.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Monday, April 22nd. The software maker reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.04. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Cadence Design Systems had a net margin of 25.68% and a return on equity of 32.44%. Cadence Design Systems’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS.

A number of other analysts have also weighed in on CDNS. Wells Fargo & Company raised their price objective on shares of Cadence Design Systems from $330.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. StockNews.com upgraded shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $320.00 price target on shares of Cadence Design Systems in a research note on Friday, April 19th. Stifel Nicolaus lifted their price target on shares of Cadence Design Systems from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, Piper Sandler reduced their price target on shares of Cadence Design Systems from $334.00 to $318.00 and set a “neutral” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $316.50.

Cadence Design Systems Stock Down 1.5 %

NASDAQ:CDNS opened at $277.66 on Thursday. The firm has a market cap of $75.59 billion, a P/E ratio of 72.31, a P/E/G ratio of 3.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.13 and a current ratio of 1.32. Cadence Design Systems has a fifty-two week low of $194.01 and a fifty-two week high of $327.36. The firm has a 50-day simple moving average of $304.38 and a two-hundred day simple moving average of $280.97.

Insider Activity at Cadence Design Systems

In related news, Director Vincentelli Albert Sangiovanni sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $299.42, for a total transaction of $449,130.00. Following the completion of the sale, the director now directly owns 53,183 shares in the company, valued at $15,924,053.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Cadence Design Systems news, Director Vincentelli Albert Sangiovanni sold 1,500 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $299.42, for a total transaction of $449,130.00. Following the transaction, the director now owns 53,183 shares of the company’s stock, valued at $15,924,053.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas P. Beckley sold 65,268 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $296.98, for a total transaction of $19,383,290.64. Following the transaction, the vice president now directly owns 156,156 shares in the company, valued at approximately $46,375,208.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 173,044 shares of company stock worth $52,231,207. 1.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cadence Design Systems

Large investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its holdings in shares of Cadence Design Systems by 90.4% in the fourth quarter. Valley National Advisers Inc. now owns 99 shares of the software maker’s stock worth $26,000 after buying an additional 47 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Cadence Design Systems in the fourth quarter worth $28,000. Annapolis Financial Services LLC purchased a new position in shares of Cadence Design Systems in the first quarter worth $32,000. OFI Invest Asset Management purchased a new position in shares of Cadence Design Systems in the third quarter worth $26,000. Finally, Union Savings Bank purchased a new position in shares of Cadence Design Systems in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Company Profile

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.