Cadence Design Systems (NASDAQ:CDNS) Director Vincentelli Albert Sangiovanni Sells 1,250 Shares of Company Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $350.07, for a total transaction of $437,587.50. Following the completion of the sale, the director directly owned 39,544 shares in the company, valued at $13,843,168.08. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vincentelli Albert Sangiovanni also recently made the following trade(s):

• On Tuesday, August 25th, Albert Sangiovanni-Vincentelli sold 1,250 shares of Cadence Design Systems stock. The stock was sold at an average price of $320.88, for a total transaction of $401,100.00.

Cadence Design Systems Stock Up 0.6%

Shares of CDNS traded up $2.13 during midday trading on Monday, hitting $353.48. The company had a trading volume of 1,951,798 shares, compared to its average volume of 2,469,486. The stock has a market cap of $97.34 billion, a price-to-earnings ratio of 70.27, a PEG ratio of 3.77 and a beta of 1.13. The company’s 50 day moving average price is $317.93 and its 200 day moving average price is $335.16. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $1.65 earnings per share. 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. On average, equities research analysts predict that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Institutional Trading of Cadence Design Systems

Hedge funds have recently made changes to their positions in the stock. J. Stern & Co. LLP grew its stake in Cadence Design Systems by 10,159.3% during the 4th quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock worth $923,129,000 after buying an additional 2,924,470 shares during the last quarter. Legal & General Group Plc bought a new stake in Cadence Design Systems in the second quarter valued at $702,615,000. Jupiter Topco LLC acquired a new position in shares of Cadence Design Systems during the second quarter valued at $688,746,000. Bank of New York Mellon Corp bought a new position in shares of Cadence Design Systems during the second quarter worth about $607,350,000. Finally, Deutsche Bank AG bought a new position in shares of Cadence Design Systems during the second quarter worth about $532,338,000. Institutional investors own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the topic of several research reports. Oppenheimer reissued a “market perform” rating and set a $300.00 price target on shares of Cadence Design Systems in a research report on Tuesday, July 28th. KeyCorp reaffirmed an “overweight” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. FBN Securities started coverage on shares of Cadence Design Systems in a research note on Friday, September 11th. They set an “outperform” rating and a $375.00 target price for the company. Piper Sandler raised their price target on shares of Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Finally, Benchmark reaffirmed a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average target price of $404.12.

About Cadence Design Systems

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

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.