Insider Selling: Cadence Design Systems (NASDAQ:CDNS) VP Sells 10,500 Shares of Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Scannell sold 10,500 shares of Cadence Design Systems stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the sale, the vice president owned 33,946 shares of the company’s stock, valued at $11,507,694. The trade was a 23.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cadence Design Systems Trading Up 1.2%

Cadence Design Systems stock traded up $4.12 during trading hours on Tuesday, hitting $353.63. The company had a trading volume of 1,964,704 shares, compared to its average volume of 2,533,134. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The firm has a market cap of $97.63 billion, a P/E ratio of 82.43, a P/E/G ratio of 4.04 and a beta of 1.13. The company has a 50-day moving average price of $296.48 and a two-hundred day moving average price of $309.06. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its 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 for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $1.57 earnings per share. The company’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. On average, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current year.

Wall Street Analyst Weigh In

CDNS has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $360.00 target price on shares of Cadence Design Systems in a research report on Friday, April 24th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. KeyCorp lifted their price objective on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Citigroup upped their price objective on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Robert W. Baird increased their target price on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $380.59.

Institutional Trading of Cadence Design Systems

Several hedge funds and other institutional investors have recently bought and sold shares of CDNS. Y.D. More Investments Ltd purchased a new position in shares of Cadence Design Systems in the 3rd quarter valued at $26,000. Caitlin John LLC purchased a new stake in shares of Cadence Design Systems during the 3rd quarter worth $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in Cadence Design Systems during the fourth quarter valued at about $28,000. Imprint Wealth LLC purchased a new position in Cadence Design Systems in the third quarter valued at about $31,000. Finally, Whipplewood Advisors LLC grew its stake in Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

About Cadence Design Systems

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.