Key Points
- Director Ita Brennan sold 180 shares on March 17 at an average price of $295.03 for $53,105.40, trimming her stake by 2.35% to 7,470 shares valued at about $2.20M.
- Cadence beat estimates in its latest quarter with $1.99 EPS (vs. $1.91 est.) and $1.44B revenue (+6.2% YoY), and set Q1 2026 guidance of 1.890–1.950 EPS and FY2026 guidance of 8.050–8.150 EPS, while analysts maintain a mostly positive view with a consensus target of $376.50.
- Shares trade near $289.68 with a market cap of $78.98B and a high valuation (P/E 71.26); the stock’s 50-/200-day moving averages are $300.74 and $320.89, and the 1-year range is $221.56–$376.45.
Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) Director Ita Brennan sold 180 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the sale, the director owned 7,470 shares of the company's stock, valued at $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Cadence Design Systems Stock Performance
Shares of NASDAQ CDNS traded up $0.04 during trading hours on Thursday, hitting $289.68. 94,107 shares of the stock were exchanged, compared to its average volume of 2,522,004. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The company's 50 day moving average is $300.74 and its 200 day moving average is $320.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The firm has a market capitalization of $78.98 billion, a P/E ratio of 71.26, a P/E/G ratio of 3.53 and a beta of 1.00.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $1.88 EPS. The business's quarterly 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, research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.
Institutional Investors Weigh In On Cadence Design Systems
A number of institutional investors have recently added to or reduced their stakes in CDNS. Occidental Asset Management LLC lifted its position in shares of Cadence Design Systems by 2.3% during the 3rd quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker's stock worth $464,000 after buying an additional 30 shares during the period. Whittier Trust Co. grew its position in Cadence Design Systems by 0.4% in the third quarter. Whittier Trust Co. now owns 7,072 shares of the software maker's stock valued at $2,456,000 after acquiring an additional 30 shares during the period. Cornerstone Wealth Group LLC raised its stake in Cadence Design Systems by 4.3% during the third quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker's stock worth $273,000 after acquiring an additional 32 shares in the last quarter. Spirepoint Private Client LLC raised its stake in Cadence Design Systems by 4.6% during the fourth quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker's stock worth $226,000 after acquiring an additional 32 shares in the last quarter. Finally, KRS Capital Management LLC lifted its holdings in shares of Cadence Design Systems by 1.4% during the third quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker's stock valued at $852,000 after acquiring an additional 33 shares during the period. 84.85% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently weighed in on CDNS. Rosenblatt Securities restated a "buy" rating and set a $360.00 target price on shares of Cadence Design Systems in a research note on Thursday, February 26th. Oppenheimer raised Cadence Design Systems from an "underperform" rating to a "market perform" rating and set a $275.00 price target on the stock in a research report on Monday, December 1st. Needham & Company LLC reiterated a "buy" rating and set a $390.00 price target on shares of Cadence Design Systems in a report on Wednesday, February 18th. Citigroup started coverage on 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. Finally, Wells Fargo & Company lowered their price objective on shares of Cadence Design Systems from $410.00 to $375.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cadence Design Systems has an average rating of "Moderate Buy" and a consensus target price of $376.50.
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Cadence Design Systems Company Profile
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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.
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