Insider Selling: Cadence Design Systems (NASDAQ:CDNS) VP Sells 1,000 Shares of Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total value of $280,190.00. Following the sale, the vice president owned 128,586 shares in the company, valued at approximately $36,028,511.34. The trade was a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Cunningham also recently made the following trade(s):

• On Monday, March 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00.
• On Monday, February 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $295.09, for a total transaction of $295,090.00.

Cadence Design Systems Price Performance

Shares of CDNS stock remained flat at $278.72 on Friday. The company had a trading volume of 1,511,492 shares, compared to its average volume of 2,287,042. The firm has a market capitalization of $76.95 billion, a price-to-earnings ratio of 68.65, a P/E/G ratio of 3.37 and a beta of 1.04. The firm has a 50-day moving average of $292.51 and a 200 day moving average of $315.81. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. 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 (NASDAQ:CDNS) last posted its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm posted $1.88 EPS. The company’s revenue was up 6.2% on a year-over-year basis. 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. On average, equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Peterson Wealth Services grew its holdings in Cadence Design Systems by 1,501.3% during the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock valued at $65,726,000 after buying an additional 175,430 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Cadence Design Systems by 83.3% during the 3rd quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker’s stock worth $64,052,000 after acquiring an additional 82,856 shares during the period. Stanley Laman Group Ltd. purchased a new stake in Cadence Design Systems in the 3rd quarter worth approximately $6,177,000. Patton Fund Management Inc. boosted its holdings in Cadence Design Systems by 1,743.7% in the 3rd quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker’s stock valued at $4,916,000 after purchasing an additional 13,235 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Cadence Design Systems by 301.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker’s stock valued at $17,563,000 after purchasing an additional 37,558 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CDNS shares. Needham & Company LLC restated a “buy” rating and issued a $390.00 target price on shares of Cadence Design Systems in a report 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. Rosenblatt Securities reissued a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a report on Thursday, February 26th. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a report on Wednesday, February 18th. Finally, Morgan Stanley dropped their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $376.50.

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.