Key Points
- Cadence VP Paul Cunningham sold 1,000 shares on Jan. 2 at an average price of $315.70 for $315,700, leaving him with 96,067 shares — a 1.03% reduction in his position.
- This sale follows two recent disposals by Cunningham (1,000 shares on Dec. 1 at $312.64 and 1,000 on Nov. 3 at $340.26), bringing his total recent sales to 3,000 shares over the past months.
- For context, Cadence (NASDAQ:CDNS) has an $85.65B market cap, a one‑year range of $221.56–$376.45, an analyst consensus of "Moderate Buy" with an average target of $379.11, and management has set FY2025 EPS guidance of 7.020–7.080 after a recent quarter beat.
Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) VP Paul Cunningham sold 1,000 shares of the company's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $315.70, for a total transaction of $315,700.00. Following the completion of the sale, the vice president owned 96,067 shares of the company's stock, valued at approximately $30,328,351.90. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Paul Cunningham also recently made the following trade(s):
- On Monday, December 1st, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $312.64, for a total transaction of $312,640.00.
- On Monday, November 3rd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $340.26, for a total transaction of $340,260.00.
Cadence Design Systems Price Performance
Shares of NASDAQ:CDNS opened at $314.64 on Wednesday. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The stock has a market capitalization of $85.65 billion, a price-to-earnings ratio of 81.09, a PEG ratio of 3.36 and a beta of 1.02. The company has a 50-day simple moving average of $319.48 and a 200-day simple moving average of $332.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.84 and a current ratio of 3.05.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, October 27th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.14. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Cadence Design Systems had a return on equity of 30.13% and a net margin of 20.35%.The business's revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS and its Q4 2025 guidance at 1.880-1.940 EPS. On average, analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have recently commented on CDNS shares. Robert W. Baird upped their price target on Cadence Design Systems from $390.00 to $418.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 28th. Oppenheimer upgraded shares of Cadence Design Systems from an "underperform" rating to a "market perform" rating and set a $275.00 target price for the company in a research note on Monday, December 1st. JPMorgan Chase & Co. lifted their target price on shares of Cadence Design Systems from $390.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, October 28th. Wolfe Research reissued an "outperform" rating and set a $385.00 price target on shares of Cadence Design Systems in a report on Tuesday, October 28th. Finally, Citigroup initiated coverage on shares of Cadence Design Systems in a research report on Monday, November 24th. They issued a "buy" rating and a $385.00 price objective for the company. Fifteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $379.11.
Check Out Our Latest Analysis on CDNS
Hedge Funds Weigh In On Cadence Design Systems
Large investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings 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. Integrated Wealth Concepts LLC grew its holdings in shares of Cadence Design Systems by 3.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker's stock worth $560,000 after acquiring an additional 80 shares during the period. NewEdge Advisors LLC increased its stake in Cadence Design Systems by 70.8% in the 1st quarter. NewEdge Advisors LLC now owns 24,980 shares of the software maker's stock valued at $6,353,000 after purchasing an additional 10,354 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in Cadence Design Systems by 0.3% during the first quarter. Great Lakes Advisors LLC now owns 14,311 shares of the software maker's stock worth $3,640,000 after purchasing an additional 43 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in Cadence Design Systems by 4.2% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,652 shares of the software maker's stock worth $1,183,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.
About Cadence Design Systems
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
