Insider Selling: Cadence Design Systems (NASDAQ:CDNS) VP Sells $348,270.00 in Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total value of $348,270.00. Following the completion of the sale, the vice president directly owned 99,672 shares in the company, valued at approximately $34,712,767.44. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, September 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $343.95, for a total value of $343,950.00.
• On Friday, August 1st, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $358.72, for a total value of $358,720.00.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $347.27 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. The stock’s 50-day simple moving average is $353.04 and its 200 day simple moving average is $314.12. The company has a market cap of $94.63 billion, a P/E ratio of 93.86, a P/E/G ratio of 4.55 and a beta of 0.99. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.09. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company posted $1.28 earnings per share. Cadence Design Systems’s quarterly revenue was up 20.2% on a year-over-year basis. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. As a group, sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CDNS. BNP Paribas Exane began coverage on Cadence Design Systems in a report on Thursday. They set an “outperform” rating and a $400.00 price target for the company. Loop Capital lifted their price target on Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Wells Fargo & Company lifted their price target on Cadence Design Systems from $365.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on Cadence Design Systems in a report on Thursday, July 10th. They set a “buy” rating and a $380.00 price target for the company. Finally, Rosenblatt Securities restated a “neutral” rating and set a $300.00 price objective on shares of Cadence Design Systems in a report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Institutional Investors Weigh In On Cadence Design Systems

Hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after buying an additional 676 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Cadence Design Systems during the 4th quarter valued at $1,352,000. Fiduciary Alliance LLC acquired a new stake in shares of Cadence Design Systems during the 1st quarter valued at $282,000. NBC Securities Inc. grew its position in Cadence Design Systems by 139,550.0% during the 1st quarter. NBC Securities Inc. now owns 2,793 shares of the software maker’s stock worth $710,000 after acquiring an additional 2,791 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in Cadence Design Systems by 42.6% in the 1st quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker’s stock worth $805,000 after purchasing an additional 946 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

About Cadence Design Systems

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.