Cadence Design Systems (CDNS) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Cadence Design Systems (NASDAQ: CDNS) recently:

• 4/29/2026 – Cadence Design Systems had its price target raised by Citigroup Inc. from $385.00 to $400.00. They now have a “buy” rating on the stock.
• 4/28/2026 – Cadence Design Systems had its price target raised by KeyCorp from $405.00 to $425.00. They now have an “overweight” rating on the stock.
• 4/28/2026 – Cadence Design Systems had its price target raised by Wells Fargo & Company from $375.00 to $400.00. They now have an “overweight” rating on the stock.
• 4/28/2026 – Cadence Design Systems had its price target raised by Piper Sandler from $319.00 to $325.00. They now have a “neutral” rating on the stock.
• 4/28/2026 – Cadence Design Systems had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $400.00 price target on the stock.
• 4/28/2026 – Cadence Design Systems had its price target raised by Robert W. Baird from $381.00 to $385.00. They now have an “outperform” rating on the stock.
• 4/24/2026 – Cadence Design Systems had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $360.00 price target on the stock.
• 4/20/2026 – Cadence Design Systems had its price target raised by Needham & Company LLC from $390.00 to $400.00. They now have a “buy” rating on the stock.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $337.49, for a total transaction of $337,490.00. Following the sale, the vice president directly owned 127,586 shares in the company, valued at approximately $43,058,999.14. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $339.00, for a total value of $3,559,500.00. Following the sale, the vice president owned 33,946 shares in the company, valued at approximately $11,507,694. This represents a 23.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 35,180 shares of company stock valued at $11,181,240. Company insiders own 0.49% of the company’s stock.

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.