Key Points
- Cadence Design Systems VP Paul Scannell sold 7,081 shares on June 1 at an average price of $393.91, totaling about $2.79 million. The sale reduced his stake by 18.04% and was made under a pre-arranged 10b5-1 trading plan.
- Scannell has been actively selling shares recently, including additional transactions on May 18 and May 1. Those sales came at much lower prices than the latest trade, indicating he has been trimming his position over time.
- Cadence remains financially strong and near its highs, with the stock trading close to its 52-week high of $416.69 after reporting better-than-expected quarterly earnings and raising guidance. Despite some recent insider selling, Wall Street still views the stock favorably, with a consensus Moderate Buy rating and an average price target of $384.41.
Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) VP Paul Scannell sold 7,081 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $393.91, for a total value of $2,789,276.71. Following the completion of the sale, the vice president owned 32,181 shares in the company, valued at $12,676,417.71. This trade represents a 18.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paul Scannell also recently made the following trade(s):
- On Monday, May 18th, Paul Scannell sold 1,071 shares of Cadence Design Systems stock. The shares were sold at an average price of $345.06, for a total value of $369,559.26.
- On Friday, May 1st, Paul Scannell sold 10,500 shares of Cadence Design Systems stock. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00.
Cadence Design Systems Stock Down 2.0%
CDNS stock opened at $408.00 on Thursday. The company's 50 day moving average is $328.72 and its 200 day moving average is $314.72. The stock has a market cap of $112.53 billion, a price-to-earnings ratio of 95.11, a price-to-earnings-growth ratio of 4.93 and a beta of 1.15. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the previous year, the company earned $1.57 EPS. The business's quarterly revenue was up 18.6% compared to the same quarter last year. 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. Sell-side analysts predict that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.
More Cadence Design Systems News
Here are the key news stories impacting Cadence Design Systems this week:
- Positive Sentiment: Cadence was highlighted as a long-term winner in the AI and semiconductor “arms race,” with a Buy rating and a $470 price target. The article pointed to 19% year-over-year Q1 revenue growth to $1.47 billion, a record $8 billion backlog, and double-digit growth across all segments, reinforcing demand visibility and the company’s competitive moat. Article: Cadence: The Silicon Arms Race Is Just Getting Started
- Positive Sentiment: Multiple recent pieces emphasized Cadence’s strong positioning in EDA software, AI-driven workflows, and expanding System Design & Analysis offerings, suggesting investors remain constructive on its growth outlook and durable pricing power. Article: Cadence Design Systems Stock: Is CDNS Underperforming the Technology Sector?
- Neutral Sentiment: Cadence also presented at the Bank of America Global Technology Conference, and Richard Gu is scheduled to present at a Nasdaq conference, events that keep the company in front of investors but did not include new operating updates. Article: Cadence Design Systems, Inc. Presents at Bank of America 2026 Global Technology Conference Transcript
- Neutral Sentiment: The stock has been near its 52-week high, which can signal investor confidence, but it can also make shares more sensitive to any sign of slowing momentum. Article: 1 Momentum Stock with Competitive Advantages and 2 We Brush Off
- Negative Sentiment: Recent insider sales by CEO Anirudh Devgan and VP Paul Scannell may have pressured sentiment, even though both transactions were made under pre-arranged 10b5-1 plans. Article: Insider trade details for Anirudh Devgan
- Negative Sentiment: Several headlines noted that CDNS underperformed the broader market and the technology sector recently, suggesting investors may be taking profits after a strong run-up in the shares. Article: Here's Why Cadence Design Systems (CDNS) Fell More Than Broader Market
Analysts Set New Price Targets
Several brokerages have issued reports on CDNS. Piper Sandler lifted their price target on Cadence Design Systems from $319.00 to $325.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 28th. Morgan Stanley reduced their price objective on Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 18th. Rosenblatt Securities restated a "buy" rating and issued a $360.00 target price on shares of Cadence Design Systems in a research report on Friday, April 24th. Wells Fargo & Company upped their target price on Cadence Design Systems from $400.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. Finally, Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $384.41.
View Our Latest Stock Report on Cadence Design Systems
Institutional Investors Weigh In On Cadence Design Systems
Several institutional investors have recently bought and sold shares of CDNS. Peterson Wealth Services boosted its stake in shares of Cadence Design Systems by 1,501.3% during the third quarter. Peterson Wealth Services now owns 187,115 shares of the software maker's stock valued at $65,726,000 after purchasing an additional 175,430 shares during the period. Sun Financial Inc purchased a new position in shares of Cadence Design Systems in the fourth quarter worth $1,225,000. Thrivent Financial for Lutherans raised its holdings in Cadence Design Systems by 301.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker's stock valued at $17,563,000 after buying an additional 37,558 shares during the last quarter. MUFG Securities EMEA plc boosted its position in Cadence Design Systems by 113.9% during the 4th quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker's stock valued at $3,488,000 after buying an additional 5,943 shares during the period. Finally, DDD Partners LLC boosted its position in Cadence Design Systems by 27.4% during the 4th quarter. DDD Partners LLC now owns 41,968 shares of the software maker's stock valued at $13,118,000 after buying an additional 9,024 shares during the period. 84.85% of the stock is currently owned by hedge funds and other institutional investors.
Cadence Design Systems Company Profile
(
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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