Q1 2025 EPS Estimates for Cadence Design Systems, Inc. (NASDAQ:CDNS) Cut by Zacks Research

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Equities research analysts at Zacks Research lowered their Q1 2025 EPS estimates for Cadence Design Systems in a report released on Thursday, April 18th. Zacks Research analyst V. Doshi now anticipates that the software maker will earn $1.16 per share for the quarter, down from their previous forecast of $1.17. The consensus estimate for Cadence Design Systems’ current full-year earnings is $4.82 per share. Zacks Research also issued estimates for Cadence Design Systems’ FY2026 earnings at $6.81 EPS.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, February 12th. The software maker reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. Cadence Design Systems had a net margin of 25.46% and a return on equity of 35.57%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted $0.75 EPS. The company’s revenue was up 18.8% on a year-over-year basis.

A number of other research analysts also recently issued reports on CDNS. KeyCorp raised their price target on Cadence Design Systems from $335.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company raised their target price on shares of Cadence Design Systems from $330.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com downgraded shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus increased their price target on shares of Cadence Design Systems from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, Rosenblatt Securities lowered Cadence Design Systems from a “buy” rating to a “neutral” rating and raised their price target for the stock from $265.00 to $280.00 in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Cadence Design Systems presently has an average rating of “Moderate Buy” and an average target price of $318.10.

Cadence Design Systems Stock Down 2.7 %

CDNS opened at $285.90 on Friday. Cadence Design Systems has a one year low of $194.01 and a one year high of $327.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.13 and a current ratio of 1.24. The stock has a market capitalization of $77.83 billion, a P/E ratio of 74.84, a price-to-earnings-growth ratio of 3.57 and a beta of 1.04. The business’s 50-day simple moving average is $306.16 and its 200-day simple moving average is $279.39.

Insider Transactions at Cadence Design Systems

In related news, Director Vincentelli Albert Sangiovanni sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.83, for a total transaction of $463,245.00. Following the sale, the director now owns 50,183 shares of the company’s stock, valued at $15,498,015.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Cadence Design Systems news, VP Thomas P. Beckley sold 65,268 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $296.98, for a total transaction of $19,383,290.64. Following the completion of the transaction, the vice president now directly owns 156,156 shares in the company, valued at approximately $46,375,208.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vincentelli Albert Sangiovanni sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.83, for a total transaction of $463,245.00. Following the transaction, the director now directly owns 50,183 shares of the company’s stock, valued at $15,498,015.89. The disclosure for this sale can be found here. Insiders have sold a total of 177,544 shares of company stock valued at $53,581,207 in the last ninety days. 1.99% of the stock is currently owned by company insiders.

Institutional Trading of Cadence Design Systems

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. raised its stake in Cadence Design Systems by 66.1% in the 4th quarter. Harbour Investments Inc. now owns 98 shares of the software maker’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of Cadence Design Systems by 90.4% in the fourth quarter. Valley National Advisers Inc. now owns 99 shares of the software maker’s stock valued at $26,000 after buying an additional 47 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of Cadence Design Systems during the fourth quarter valued at approximately $28,000. Annapolis Financial Services LLC acquired a new stake in Cadence Design Systems during the first quarter worth approximately $32,000. Finally, Quarry LP grew its stake in Cadence Design Systems by 550.0% in the 4th quarter. Quarry LP now owns 104 shares of the software maker’s stock worth $28,000 after acquiring an additional 88 shares during the period. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

About Cadence Design Systems

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.