Cadence Design Systems (NASDAQ:CDNS) Earns “Buy” Rating from Rosenblatt Securities

Cadence Design Systems (NASDAQ:CDNS)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $360.00 target price on the software maker’s stock. Rosenblatt Securities’ price target indicates a potential upside of 19.27% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Morgan Stanley decreased their target price 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. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective for the company in a research report on Monday, December 1st. Wells Fargo & Company lowered their target price on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Citigroup began coverage on shares of Cadence Design Systems in a research report on Monday, November 24th. They set a “buy” rating and a $385.00 price target on the stock. Finally, Piper Sandler decreased their price target on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems Trading Up 3.9%

CDNS opened at $301.84 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. Cadence Design Systems has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The company’s 50 day moving average price is $306.33 and its two-hundred day moving average price is $326.44. The firm has a market capitalization of $82.30 billion, a price-to-earnings ratio of 74.35, a PEG ratio of 3.57 and a beta of 1.01.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates 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 in the previous year, the business earned $1.88 earnings per share. 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, research analysts predict that Cadence Design Systems will post 5.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $337.48, for a total transaction of $60,746.40. Following the completion of the transaction, the director directly owned 7,650 shares in the company, valued at $2,581,722. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $295.09, for a total transaction of $295,090.00. Following the sale, the vice president directly owned 95,137 shares of the company’s stock, valued at approximately $28,073,977.33. The trade was a 1.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 56,475 shares of company stock worth $18,505,486 over the last three months. Insiders own 1.99% of the company’s stock.

Institutional Trading of Cadence Design Systems

Several institutional investors and hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd bought a new stake in shares of Cadence Design Systems during the 3rd quarter worth $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in Cadence Design Systems in the fourth quarter worth about $28,000. Caitlin John LLC purchased a new position in Cadence Design Systems in the third quarter valued at about $29,000. Swiss RE Ltd. bought a new position in shares of Cadence Design Systems during the 4th quarter valued at approximately $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Cadence Design Systems during the 4th quarter worth approximately $30,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

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.