Cadence Design Systems, Inc. (NASDAQ:CDNS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) have received an average rating of “Moderate Buy” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $376.50.

A number of research analysts have weighed in on the stock. Piper Sandler dropped their price objective on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Wells Fargo & Company lowered their target price on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Oppenheimer upgraded Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target for the company in a research note on Monday, December 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $390.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, CFO John M. Wall sold 27,805 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $318.57, for a total transaction of $8,857,838.85. Following the transaction, the chief financial officer directly owned 69,957 shares in the company, valued at approximately $22,286,201.49. This trade represents a 28.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares in the company, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 30,810 shares of company stock worth $9,767,972. 1.99% of the stock is owned by insiders.

Institutional Trading of Cadence Design Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. World Investment Advisors lifted its position in shares of Cadence Design Systems by 7.1% during the fourth quarter. World Investment Advisors now owns 9,705 shares of the software maker’s stock valued at $3,034,000 after purchasing an additional 642 shares in the last quarter. Larry Mathis Financial Planning LLC bought a new stake in Cadence Design Systems in the 4th quarter worth about $469,000. Corient Private Wealth LLC grew its position in Cadence Design Systems by 24.9% in the 4th quarter. Corient Private Wealth LLC now owns 299,886 shares of the software maker’s stock worth $93,882,000 after purchasing an additional 59,811 shares in the last quarter. Worthington Financial Partners LLC purchased a new stake in Cadence Design Systems in the 4th quarter valued at about $1,193,000. Finally, S Harris Financial Group LLC bought a new position in shares of Cadence Design Systems during the 4th quarter worth approximately $255,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Trading Down 1.1%

NASDAQ CDNS opened at $287.03 on Monday. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. Cadence Design Systems has a 52 week low of $221.56 and a 52 week high of $376.45. The business has a 50 day moving average price of $301.94 and a 200-day moving average price of $322.27. The company has a market cap of $78.26 billion, a price-to-earnings ratio of 70.70, a P/E/G ratio of 3.48 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. Cadence Design Systems’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 EPS. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. As a group, equities analysts expect that Cadence Design Systems will post 5.41 earnings per share for the current fiscal year.

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.