Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) CFO John Wall sold 21,500 shares of Cadence Design Systems stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the completion of the transaction, the chief financial officer directly owned 86,875 shares of the company's stock, valued at $26,883,468.75. The trade was a 19.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cadence Design Systems Trading Up 2.4%
Shares of Cadence Design Systems stock opened at $318.55 on Tuesday. The firm has a 50-day simple moving average of $291.36 and a two-hundred day simple moving average of $309.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. Cadence Design Systems, Inc. has a fifty-two week low of $247.70 and a fifty-two week high of $376.45. The company has a market cap of $87.95 billion, a P/E ratio of 78.46, a price-to-earnings-growth ratio of 3.74 and a beta of 1.04.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.08. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. 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. As a group, equities analysts predict that Cadence Design Systems, Inc. will post 6.5 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on CDNS shares. Piper Sandler reduced their target price on Cadence Design Systems from $355.00 to $319.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Needham & Company LLC boosted their price target on shares of Cadence Design Systems from $390.00 to $400.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company reduced their price objective on shares of Cadence Design Systems from $410.00 to $375.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Finally, Morgan Stanley decreased their price objective on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating on the stock in a report on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $377.06.
Check Out Our Latest Research Report on CDNS
Hedge Funds Weigh In On Cadence Design Systems
Several hedge funds and other institutional investors have recently made changes to their positions in CDNS. Brighton Jones LLC increased its position in shares of Cadence Design Systems by 80.2% during the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock worth $456,000 after purchasing an additional 676 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Cadence Design Systems by 3.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker's stock worth $560,000 after purchasing an additional 80 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Cadence Design Systems during the 2nd quarter worth $205,000. NewEdge Advisors LLC grew its holdings in shares of Cadence Design Systems by 39.3% during the second quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker's stock worth $10,720,000 after buying an additional 9,807 shares in the last quarter. Finally, Glenview Trust co acquired a new stake in shares of Cadence Design Systems in the second quarter valued at about $226,000. Hedge funds and other institutional investors own 84.85% of the company's stock.
Cadence Design Systems Company Profile
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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.
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