Key Points
- CFO John Wall sold 5,000 shares on May 5 at an average price of $348.71 under a pre-arranged Rule 10b5-1 plan, generating $1.74M and reducing his stake by 5.76% to 81,875 shares; the sale was disclosed in an SEC filing.
- Cadence beat expectations and gave upbeat guidance — Q1 EPS $1.96 vs. $1.91 est and revenue $1.47B (+18.6% YoY), set FY2026 EPS guidance of 7.85–7.95, trades near $357 with a ~$98.4B market cap, and holds a consensus "Moderate Buy" analyst rating (avg target $380.59).
Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) CFO John Wall sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the transaction, the chief financial officer owned 81,875 shares of the company's stock, valued at approximately $28,550,631.25. This represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cadence Design Systems Stock Up 0.6%
Shares of NASDAQ:CDNS opened at $356.90 on Friday. The company has a 50 day moving average price of $300.45 and a two-hundred day moving average price of $309.70. 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 company has a market capitalization of $98.44 billion, a PE ratio of 83.19, a PEG ratio of 4.21 and a beta of 1.13. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business earned $1.57 EPS. The firm's revenue was up 18.6% on a year-over-year basis. 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. Analysts forecast that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of CDNS. Peterson Wealth Services boosted its holdings in shares of Cadence Design Systems by 1,501.3% in the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker's stock valued at $65,726,000 after buying an additional 175,430 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Cadence Design Systems by 301.9% during the third quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker's stock worth $17,563,000 after buying an additional 37,558 shares during the last quarter. DDD Partners LLC raised its position in Cadence Design Systems by 27.4% during the fourth quarter. DDD Partners LLC now owns 41,968 shares of the software maker's stock worth $13,118,000 after acquiring an additional 9,024 shares in the last quarter. Sun Financial Inc acquired a new stake in Cadence Design Systems in the fourth quarter valued at $1,225,000. Finally, Rakuten Investment Management Inc. acquired a new stake in Cadence Design Systems in the third quarter valued at $5,806,000. 84.85% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. KeyCorp boosted their price objective on Cadence Design Systems from $405.00 to $425.00 and gave the company an "overweight" rating in a research report on Tuesday, April 28th. Rosenblatt Securities restated a "buy" rating and set a $360.00 target price on shares of Cadence Design Systems in a report on Friday, April 24th. Morgan Stanley reduced their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. Needham & Company LLC reissued a "buy" rating and set a $400.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Finally, Robert W. Baird raised their price objective on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an "outperform" rating in a report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $380.59.
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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.
Further Reading
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