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 stock was sold at an average price of $348.71, for a total value of $1,743,550.00. Following the sale, the chief financial officer owned 81,875 shares of the company’s stock, valued at approximately $28,550,631.25. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cadence Design Systems Trading Up 0.6%

Shares of NASDAQ:CDNS traded up $2.00 on Thursday, hitting $356.90. 1,866,836 shares of the company’s stock were exchanged, compared to its average volume of 2,524,184. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $376.45. The stock has a market capitalization of $98.54 billion, a price-to-earnings ratio of 83.19, a price-to-earnings-growth ratio of 4.19 and a beta of 1.13. The business’s 50 day simple moving average is $299.13 and its two-hundred day simple moving average is $309.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results 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. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. 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. Analysts anticipate that Cadence Design Systems, Inc. will post 6.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CDNS has been the topic of several research reports. KeyCorp raised their price target on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Piper Sandler raised their price target on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Robert W. Baird raised their price target on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Rosenblatt Securities restated a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a research note on Friday, April 24th. Finally, Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research note on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average price target of $380.59.

Hedge Funds Weigh In On Cadence Design Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SEB Asset Management AB purchased a new position in Cadence Design Systems in the first quarter valued at about $89,892,000. Swiss National Bank grew its stake in Cadence Design Systems by 7.0% in the first quarter. Swiss National Bank now owns 798,860 shares of the software maker’s stock valued at $221,979,000 after purchasing an additional 52,200 shares during the last quarter. World Equity Group Inc. purchased a new position in Cadence Design Systems in the first quarter valued at about $284,000. AIA Group Ltd boosted its holdings in Cadence Design Systems by 181.5% in the first quarter. AIA Group Ltd now owns 60,416 shares of the software maker’s stock worth $16,788,000 after acquiring an additional 38,957 shares in the last quarter. Finally, Mediolanum International Funds Ltd boosted its holdings in Cadence Design Systems by 73.6% in the first quarter. Mediolanum International Funds Ltd now owns 47,676 shares of the software maker’s stock worth $12,914,000 after acquiring an additional 20,220 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

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.