Insider Selling: Cadence Design Systems (NASDAQ:CDNS) VP Sells 2,000 Shares

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Cunningham sold 2,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $277.12, for a total value of $554,240.00. Following the sale, the vice president directly owned 121,793 shares in the company, valued at approximately $33,751,276.16. The trade was a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Paul Cunningham sold 2,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $323.32, for a total transaction of $646,640.00.

Cadence Design Systems Trading Up 0.3%

Shares of NASDAQ:CDNS traded up $0.86 during trading on Thursday, reaching $280.76. The stock had a trading volume of 2,095,369 shares, compared to its average volume of 2,449,921. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The stock has a market cap of $77.32 billion, a P/E ratio of 55.82, a PEG ratio of 2.94 and a beta of 1.14. The business has a fifty day moving average price of $327.08 and a 200-day moving average price of $333.48. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. As a group, analysts anticipate that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cadence Design Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC boosted its position in Cadence Design Systems by 117.2% in the 2nd quarter. Anchor Investment Management LLC now owns 291 shares of the software maker’s stock valued at $109,000 after buying an additional 157 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Cadence Design Systems by 58.2% in the second quarter. Sequoia Financial Advisors LLC now owns 16,776 shares of the software maker’s stock worth $6,296,000 after acquiring an additional 6,169 shares in the last quarter. IPG Investment Advisors LLC purchased a new position in Cadence Design Systems in the second quarter valued at about $1,902,000. National Pension Service grew its stake in Cadence Design Systems by 0.9% during the 2nd quarter. National Pension Service now owns 760,715 shares of the software maker’s stock valued at $285,512,000 after purchasing an additional 6,755 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in Cadence Design Systems by 22.0% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,260 shares of the software maker’s stock worth $473,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CDNS. Stifel Nicolaus lifted their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Bank of America upped their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Morgan Stanley restated an “overweight” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Citigroup increased their target price on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Benchmark reiterated a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware and semiconductor intellectual property (IP). Its products help engineers design, verify and analyze integrated circuits, printed circuit boards and complete electronic systems.

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.