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 company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $315.70, for a total transaction of $315,700.00. Following the completion of the sale, the vice president owned 96,067 shares in the company, valued at approximately $30,328,351.90. This trade represents a 1.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, December 1st, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $312.64, for a total value of $312,640.00.
• On Monday, November 3rd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $340.26, for a total value of $340,260.00.

Cadence Design Systems Stock Up 4.5%

NASDAQ CDNS traded up $13.42 on Tuesday, hitting $314.64. 2,652,593 shares of the stock traded hands, compared to its average volume of 2,648,463. The company has a market capitalization of $85.65 billion, a P/E ratio of 81.09, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02. The stock has a 50-day moving average of $319.48 and a 200 day moving average of $332.74. The company has a current ratio of 3.05, a quick ratio of 2.84 and a debt-to-equity ratio of 0.48. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, October 27th. The software maker reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Cadence Design Systems had a return on equity of 30.13% and a net margin of 20.35%.The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS and its Q4 2025 guidance at 1.880-1.940 EPS. As a group, analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CDNS. Robert W. Baird lifted their price target on shares of Cadence Design Systems from $390.00 to $418.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Wolfe Research restated an “outperform” rating and issued a $385.00 target price on shares of Cadence Design Systems in a research note on Tuesday, October 28th. BNP Paribas assumed coverage on Cadence Design Systems in a report on Thursday, October 2nd. They set an “outperform” rating and a $400.00 target price for the company. KeyCorp reiterated an “overweight” rating and set a $405.00 price target on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $379.11.

Institutional Trading of Cadence Design Systems

Several large investors have recently added to or reduced their stakes in the business. Park National Corp OH grew its stake in shares of Cadence Design Systems by 10.5% in the fourth quarter. Park National Corp OH now owns 133,314 shares of the software maker’s stock worth $41,671,000 after purchasing an additional 12,687 shares in the last quarter. Park Avenue Securities LLC grew its position in Cadence Design Systems by 11.7% in the 4th quarter. Park Avenue Securities LLC now owns 16,822 shares of the software maker’s stock valued at $5,258,000 after buying an additional 1,759 shares in the last quarter. Union Bancaire Privee UBP SA increased its stake in Cadence Design Systems by 43.1% during the 4th quarter. Union Bancaire Privee UBP SA now owns 50,445 shares of the software maker’s stock valued at $15,768,000 after buying an additional 15,190 shares during the period. GAMMA Investing LLC raised its position in shares of Cadence Design Systems by 7.1% during the 4th quarter. GAMMA Investing LLC now owns 7,887 shares of the software maker’s stock worth $2,465,000 after buying an additional 523 shares in the last quarter. Finally, Mirova lifted its stake in shares of Cadence Design Systems by 16.5% in the 3rd quarter. Mirova now owns 40,291 shares of the software maker’s stock worth $14,153,000 after acquiring an additional 5,700 shares during the period. 84.85% of the stock is currently owned by institutional investors and hedge funds.

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.