Cadence Design Systems (NASDAQ:CDNS) VP Paul Cunningham Sells 1,000 Shares

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $280.19, for a total value of $280,190.00. Following the transaction, the vice president owned 128,586 shares of the company’s stock, valued at approximately $36,028,511.34. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Cunningham also recently made the following trade(s):

• On Monday, March 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $297.78, for a total value of $297,780.00.
• On Monday, February 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $295.09, for a total value of $295,090.00.

Cadence Design Systems Stock Performance

Shares of NASDAQ CDNS remained flat at $278.72 during midday trading on Friday. The stock had a trading volume of 1,511,492 shares, compared to its average volume of 2,287,042. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $292.51 and a two-hundred day moving average price of $315.81. The stock has a market capitalization of $76.95 billion, a P/E ratio of 68.65, a price-to-earnings-growth ratio of 3.37 and a beta of 1.04. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $1.88 earnings per share. Cadence Design Systems’s revenue for the quarter was up 6.2% on a year-over-year basis. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Equities analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CDNS. Needham & Company LLC reissued a “buy” rating and issued a $390.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a report on Thursday, February 26th. Wells Fargo & Company reduced their price objective on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Morgan Stanley decreased their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, Piper Sandler cut their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $376.50.

Hedge Funds Weigh In On Cadence Design Systems

Several institutional investors and hedge funds have recently bought and sold shares of CDNS. Stance Capital LLC grew its holdings in shares of Cadence Design Systems by 6.5% in the fourth quarter. Stance Capital LLC now owns 4,166 shares of the software maker’s stock worth $1,302,000 after purchasing an additional 254 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Cadence Design Systems by 54.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 319,696 shares of the software maker’s stock valued at $99,931,000 after buying an additional 112,923 shares during the last quarter. World Investment Advisors raised its holdings in Cadence Design Systems by 7.1% during the 4th quarter. World Investment Advisors now owns 9,705 shares of the software maker’s stock valued at $3,034,000 after buying an additional 642 shares during the last quarter. Larry Mathis Financial Planning LLC purchased a new stake in Cadence Design Systems during the 4th quarter valued at $469,000. Finally, Corient Private Wealth LLC grew its holdings in Cadence Design Systems by 24.9% in the 4th quarter. Corient Private Wealth LLC now owns 299,886 shares of the software maker’s stock worth $93,882,000 after acquiring an additional 59,811 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.