Cadence Design Systems (NASDAQ:CDNS) CEO Anirudh Devgan Sells 51,822 Shares of Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) CEO Anirudh Devgan sold 51,822 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $395.00, for a total value of $20,469,690.00. Following the sale, the chief executive officer owned 278,524 shares in the company, valued at approximately $110,016,980. This represents a 15.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anirudh Devgan also recently made the following trade(s):

• On Tuesday, June 2nd, Anirudh Devgan sold 25,005 shares of Cadence Design Systems stock. The shares were sold at an average price of $415.00, for a total value of $10,377,075.00.
• On Friday, May 22nd, Anirudh Devgan sold 51,887 shares of Cadence Design Systems stock. The shares were sold at an average price of $370.00, for a total value of $19,198,190.00.

Cadence Design Systems Trading Down 2.0%

Shares of CDNS opened at $408.00 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $328.72 and its 200-day moving average price is $314.72. The stock has a market cap of $112.53 billion, a PE ratio of 95.11, a P/E/G ratio of 4.93 and a beta of 1.15. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $1.57 earnings per share. 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. On average, equities analysts forecast that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CDNS. Berenberg Bank set a $440.00 target price on Cadence Design Systems in a research note on Wednesday, May 27th. Piper Sandler upped their target price on Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Wells Fargo & Company upped their target price on Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Morgan Stanley cut their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $384.41.

Institutional Trading of Cadence Design Systems

A number of institutional investors have recently made changes to their positions in CDNS. Brighton Jones LLC boosted its stake in shares of Cadence Design Systems by 80.2% during the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after purchasing an additional 676 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Cadence Design Systems by 3.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after purchasing an additional 80 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in shares of Cadence Design Systems during the second quarter valued at approximately $205,000. NewEdge Advisors LLC boosted its stake in shares of Cadence Design Systems by 39.3% during the second quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker’s stock valued at $10,720,000 after purchasing an additional 9,807 shares during the period. Finally, Glenview Trust co purchased a new stake in shares of Cadence Design Systems during the second quarter valued at approximately $226,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Key Stories Impacting Cadence Design Systems

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence was highlighted as a long-term winner in the AI and semiconductor “arms race,” with a Buy rating and a $470 price target. The article pointed to 19% year-over-year Q1 revenue growth to $1.47 billion, a record $8 billion backlog, and double-digit growth across all segments, reinforcing demand visibility and the company’s competitive moat. Article: Cadence: The Silicon Arms Race Is Just Getting Started
• Positive Sentiment: Multiple recent pieces emphasized Cadence’s strong positioning in EDA software, AI-driven workflows, and expanding System Design & Analysis offerings, suggesting investors remain constructive on its growth outlook and durable pricing power. Article: Cadence Design Systems Stock: Is CDNS Underperforming the Technology Sector?
• Neutral Sentiment: Cadence also presented at the Bank of America Global Technology Conference, and Richard Gu is scheduled to present at a Nasdaq conference, events that keep the company in front of investors but did not include new operating updates. Article: Cadence Design Systems, Inc. Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: The stock has been near its 52-week high, which can signal investor confidence, but it can also make shares more sensitive to any sign of slowing momentum. Article: 1 Momentum Stock with Competitive Advantages and 2 We Brush Off
• Negative Sentiment: Recent insider sales by CEO Anirudh Devgan and VP Paul Scannell may have pressured sentiment, even though both transactions were made under pre-arranged 10b5-1 plans. Article: Insider trade details for Anirudh Devgan
• Negative Sentiment: Several headlines noted that CDNS underperformed the broader market and the technology sector recently, suggesting investors may be taking profits after a strong run-up in the shares. Article: Here’s Why Cadence Design Systems (CDNS) Fell More Than Broader Market

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.