Cadence Design Systems (CDNS) Projected to Post Quarterly Earnings on Monday

Cadence Design Systems (NASDAQ:CDNS) is anticipated to issue its Q1 2025 earnings results after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $1.49 per share and revenue of $1.24 billion for the quarter. Cadence Design Systems has set its Q1 2025 guidance at 1.460-1.520 EPS and its FY 2025 guidance at 6.650-6.750 EPS.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Tuesday, February 18th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.33). Cadence Design Systems had a net margin of 22.74% and a return on equity of 29.24%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. On average, analysts expect Cadence Design Systems to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Cadence Design Systems Stock Up 2.8 %

CDNS opened at $289.63 on Friday. Cadence Design Systems has a twelve month low of $221.56 and a twelve month high of $328.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.27 and a current ratio of 2.93. The business has a 50 day moving average price of $254.54 and a 200 day moving average price of $282.13. The firm has a market cap of $79.45 billion, a P/E ratio of 75.03, a price-to-earnings-growth ratio of 3.88 and a beta of 1.14.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 650 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $292.32, for a total value of $190,008.00. Following the transaction, the vice president now owns 58,773 shares in the company, valued at approximately $17,180,523.36. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 1,950 shares of company stock valued at $518,499 in the last quarter. Insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On Cadence Design Systems

An institutional investor recently raised its position in Cadence Design Systems stock. Brighton Jones LLC grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 80.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,519 shares of the software maker’s stock after purchasing an additional 676 shares during the quarter. Brighton Jones LLC’s holdings in Cadence Design Systems were worth $456,000 at the end of the most recent quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CDNS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $325.00 target price on shares of Cadence Design Systems in a report on Wednesday, February 19th. Robert W. Baird lowered their price target on Cadence Design Systems from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Cadence Design Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $300.00 to $325.00 in a research report on Thursday. Loop Capital lowered their price objective on shares of Cadence Design Systems from $360.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, Mizuho decreased their price objective on Cadence Design Systems from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.00.

Cadence Design Systems Company Profile

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.