Cadence Design Systems (NASDAQ:CDNS) CFO Sells $1,743,550.00 in Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) CFO John Wall sold 5,000 shares of Cadence Design Systems stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the completion of the sale, the chief financial officer owned 81,875 shares of the company’s stock, valued at $28,550,631.25. This represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $362.70 on Friday. The company has a fifty day moving average of $300.45 and a 200-day moving average of $309.70. The firm has a market capitalization of $100.04 billion, a P/E ratio of 84.55, a P/E/G ratio of 4.30 and a beta of 1.13. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. Cadence Design Systems’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

Institutional Trading of Cadence Design Systems

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Cadence Design Systems by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 27,231,070 shares of the software maker’s stock valued at $8,511,888,000 after purchasing an additional 307,753 shares during the period. State Street Corp grew its position in Cadence Design Systems by 1.1% in the 4th quarter. State Street Corp now owns 12,603,368 shares of the software maker’s stock valued at $3,939,561,000 after purchasing an additional 135,206 shares during the period. Geode Capital Management LLC grew its position in Cadence Design Systems by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 7,627,272 shares of the software maker’s stock valued at $2,378,707,000 after purchasing an additional 92,152 shares during the period. Massachusetts Financial Services Co. MA grew its position in Cadence Design Systems by 16.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock valued at $1,866,739,000 after purchasing an additional 731,788 shares during the period. Finally, Norges Bank acquired a new stake in Cadence Design Systems in the 4th quarter valued at $1,352,922,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on shares of Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research note on Friday, April 24th. Piper Sandler lifted their price objective on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Citigroup lifted their price objective on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley reduced their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average target price of $380.59.

About Cadence Design Systems

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.