Key Points
- Director Ita Brennan sold 180 Cadence Design Systems shares at an average price of $285.51, totaling $51,391.80. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving Brennan with 7,824 shares.
- Cadence reported quarterly EPS of $2.11, beating estimates by $0.06, while revenue rose 24.2% year over year to $1.58 billion. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
- Analysts maintain a generally positive outlook, with 14 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $403.88. Institutional investors own approximately 84.85% of the stock.
Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) Director Ita Brennan sold 180 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $285.51, for a total value of $51,391.80. Following the completion of the transaction, the director owned 7,824 shares of the company's stock, valued at $2,233,830.24. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cadence Design Systems Stock Performance
Shares of CDNS stock opened at $279.06 on Tuesday. The firm has a market capitalization of $76.85 billion, a price-to-earnings ratio of 55.48, a PEG ratio of 3.10 and a beta of 1.14. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The business's 50-day moving average price is $330.91 and its 200-day moving average price is $333.80. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The firm's revenue was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Equities research analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.
Institutional Investors Weigh In On Cadence Design Systems
Several large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in Cadence Design Systems by 58.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,776 shares of the software maker's stock worth $6,296,000 after acquiring an additional 6,169 shares during the period. IPG Investment Advisors LLC acquired a new position in shares of Cadence Design Systems in the 2nd quarter valued at about $1,902,000. National Pension Service lifted its stake in shares of Cadence Design Systems by 0.9% in the 2nd quarter. National Pension Service now owns 760,715 shares of the software maker's stock valued at $285,512,000 after purchasing an additional 6,755 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Cadence Design Systems by 22.0% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,260 shares of the software maker's stock valued at $473,000 after purchasing an additional 227 shares in the last quarter. Finally, NorthRock Partners LLC boosted its position in shares of Cadence Design Systems by 8.6% during the 2nd quarter. NorthRock Partners LLC now owns 1,807 shares of the software maker's stock valued at $678,000 after purchasing an additional 143 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. FBN Securities initiated coverage on shares of Cadence Design Systems in a report on Friday. They set an "outperform" rating and a $375.00 price target on the stock. Stifel Nicolaus increased their price objective on Cadence Design Systems from $395.00 to $432.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. Bank of America lifted their target price on Cadence Design Systems from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Piper Sandler upped their price target on Cadence Design Systems from $325.00 to $349.00 and gave the company a "neutral" rating in a research report on Tuesday, July 28th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $403.88.
View Our Latest Stock Report on CDNS
About Cadence Design Systems
(
Get Free Report)
Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware and semiconductor intellectual property (IP). Its products help engineers design, verify and analyze integrated circuits, printed circuit boards and complete electronic systems.
The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.
Further Reading
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