Key Points
- Cadence Design Systems director Albert Sangiovanni-Vincentelli sold 1,250 shares at an average price of $350.07, generating $437,587.50. The Rule 10b5-1 transaction reduced his holdings by 3.06% to 39,544 shares.
- Cadence reported quarterly EPS of $2.11, beating estimates of $2.05, while revenue rose 24.2% year over year to $1.58 billion. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
- Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $404.12, compared with shares opening at $353.48. Institutional investors own approximately 84.85% of the stock.
Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $350.07, for a total transaction of $437,587.50. Following the completion of the transaction, the director owned 39,544 shares in the company, valued at $13,843,168.08. This represents a 3.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vincentelli Albert Sangiovanni also recently made the following trade(s):
- On Tuesday, August 25th, Albert Sangiovanni-Vincentelli sold 1,250 shares of Cadence Design Systems stock. The shares were sold at an average price of $320.88, for a total value of $401,100.00.
Cadence Design Systems Stock Up 0.6%
Shares of NASDAQ CDNS opened at $353.48 on Tuesday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The firm has a market cap of $97.34 billion, a price-to-earnings ratio of 70.27, a PEG ratio of 3.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The stock's 50-day simple moving average is $318.23 and its 200-day simple moving average is $335.58.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, beating analysts' consensus estimates 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 firm 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 business posted $1.65 earnings per share. Cadence Design Systems's revenue for the quarter was up 24.2% on a year-over-year basis. 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. As a group, equities analysts anticipate that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cadence Design Systems
A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Cadence Design Systems by 1.1% in the 4th quarter. State Street Corp now owns 12,603,368 shares of the software maker's stock worth $3,939,561,000 after buying an additional 135,206 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Cadence Design Systems by 21.8% during the 2nd quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker's stock valued at $1,835,227,000 after buying an additional 874,392 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cadence Design Systems by 1.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,385,655 shares of the software maker's stock worth $1,270,704,000 after acquiring an additional 48,937 shares during the period. J. Stern & Co. LLP raised its stake in Cadence Design Systems by 10,159.3% during the fourth quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker's stock worth $923,129,000 after acquiring an additional 2,924,470 shares during the period. Finally, Legal & General Group Plc bought a new position in Cadence Design Systems in the second quarter worth about $702,615,000. Institutional investors and hedge funds own 84.85% of the company's stock.
Analyst Upgrades and Downgrades
CDNS has been the subject of a number of research analyst reports. Morgan Stanley restated an "overweight" rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Stifel Nicolaus raised their price objective on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a "buy" rating in a report on Tuesday, June 9th. Weiss Ratings lowered shares of Cadence Design Systems from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, September 25th. Citigroup increased their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Finally, Oppenheimer reiterated a "market perform" rating and issued a $300.00 price target on shares of Cadence Design Systems in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cadence Design Systems presently has a consensus rating of "Moderate Buy" and an average target price of $404.12.
Check Out Our Latest Analysis on Cadence Design Systems
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. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.
The company's offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.
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