Key Points
- Cadence VP Paul Scannell sold 10,500 shares on May 1 at an average price of $339 for proceeds of $3.56M, reducing his direct stake by 23.6% to 33,946 shares; the trade was executed under a pre‑arranged Rule 10b5‑1 plan and disclosed in an SEC filing.
- Cadence reported beat-and-raise results and issued guidance: Q1 EPS $1.96 vs $1.91 expected and revenue $1.47B (+18.6% YoY), with FY2026 EPS guidance of $7.85–$7.95 and Q2 guidance of $2.02–$2.08; analysts maintain a consensus "Moderate Buy" with a $380.59 price target.
Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $337.49, for a total transaction of $337,490.00. Following the completion of the sale, the vice president directly owned 127,586 shares of the company's stock, valued at approximately $43,058,999.14. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed 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 Wednesday, April 1st, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $280.19, for a total transaction of $280,190.00.
- On Monday, March 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $297.78, for a total value of $297,780.00.
Cadence Design Systems Trading Up 1.2%
Shares of Cadence Design Systems stock opened at $353.63 on Wednesday. The stock has a 50 day moving average of $297.62 and a 200 day moving average of $309.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The firm has a market capitalization of $97.63 billion, a price-to-earnings ratio of 82.43, a PEG ratio of 4.14 and a beta of 1.13. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $376.45.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, beating the consensus estimate of $1.91 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 EPS. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, research analysts predict that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current year.
Hedge Funds Weigh In On Cadence Design Systems
Several institutional investors have recently bought and sold shares of CDNS. Vanguard Group Inc. lifted its position in shares of Cadence Design Systems by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 27,231,070 shares of the software maker's stock worth $8,511,888,000 after purchasing an additional 307,753 shares in the last quarter. State Street Corp grew its holdings in shares of Cadence Design Systems by 1.1% in the fourth quarter. State Street Corp now owns 12,603,368 shares of the software maker's stock valued at $3,939,561,000 after purchasing an additional 135,206 shares in the last quarter. Geode Capital Management LLC increased its stake in Cadence Design Systems by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 7,627,272 shares of the software maker's stock worth $2,378,707,000 after buying an additional 92,152 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Cadence Design Systems by 16.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker's stock worth $1,866,739,000 after buying an additional 731,788 shares in the last quarter. Finally, Norges Bank acquired a new stake in Cadence Design Systems during the 4th quarter worth approximately $1,352,922,000. 84.85% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on CDNS. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Piper Sandler upped their price objective on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a "neutral" rating in a report on Tuesday, April 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday, April 24th. KeyCorp lifted their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an "overweight" rating in a report on Tuesday, April 28th. Finally, Robert W. Baird boosted their target price on Cadence Design Systems from $381.00 to $385.00 and gave the company an "outperform" rating in a research report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $380.59.
Check Out Our Latest Stock Report on Cadence Design Systems
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.
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