Q1 2025 EPS Estimates for Cadence Design Systems, Inc. (NASDAQ:CDNS) Lifted by Griffin Securities

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Investment analysts at Griffin Securities boosted their Q1 2025 earnings estimates for shares of Cadence Design Systems in a research note issued to investors on Tuesday, April 23rd. Griffin Securities analyst J. Vleeschhouwer now anticipates that the software maker will post earnings per share of $1.17 for the quarter, up from their previous forecast of $1.12. The consensus estimate for Cadence Design Systems’ current full-year earnings is $4.81 per share.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, April 22nd. The software maker reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. Cadence Design Systems had a net margin of 25.68% and a return on equity of 32.44%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company earned $1.02 EPS. Cadence Design Systems’s quarterly revenue was down 1.2% on a year-over-year basis.

Several other equities analysts also recently weighed in on the stock. KeyCorp increased their price target on shares of Cadence Design Systems from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Morgan Stanley raised shares of Cadence Design Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $260.00 to $350.00 in a research note on Wednesday, February 14th. Piper Sandler dropped their price objective on shares of Cadence Design Systems from $334.00 to $318.00 and set a “neutral” rating on the stock in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $320.00 price objective on shares of Cadence Design Systems in a research note on Friday, April 19th. Finally, StockNews.com raised shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.50.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $277.66 on Thursday. Cadence Design Systems has a twelve month low of $194.01 and a twelve month high of $327.36. The company’s 50 day moving average is $304.38 and its 200 day moving average is $280.97. The company has a current ratio of 1.32, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. The company has a market cap of $75.59 billion, a PE ratio of 72.31, a price-to-earnings-growth ratio of 3.43 and a beta of 1.04.

Insider Activity at Cadence Design Systems

In related news, Director Vincentelli Albert Sangiovanni sold 1,500 shares of Cadence Design Systems stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $299.42, for a total value of $449,130.00. Following the sale, the director now owns 53,183 shares of the company’s stock, valued at approximately $15,924,053.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $310.46, for a total value of $310,460.00. Following the sale, the vice president now owns 68,144 shares of the company’s stock, valued at approximately $21,155,986.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vincentelli Albert Sangiovanni sold 1,500 shares of Cadence Design Systems stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $299.42, for a total transaction of $449,130.00. Following the completion of the sale, the director now directly owns 53,183 shares in the company, valued at approximately $15,924,053.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,044 shares of company stock valued at $52,231,207. 1.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cadence Design Systems

Institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale lifted its holdings in Cadence Design Systems by 34.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 386,993 shares of the software maker’s stock valued at $91,775,000 after purchasing an additional 99,251 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in Cadence Design Systems in the 4th quarter valued at $934,000. Pacer Advisors Inc. lifted its holdings in Cadence Design Systems by 9.4% in the 4th quarter. Pacer Advisors Inc. now owns 40,409 shares of the software maker’s stock valued at $11,006,000 after purchasing an additional 3,484 shares in the last quarter. Patton Fund Management Inc. purchased a new position in Cadence Design Systems in the 4th quarter valued at $5,264,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Cadence Design Systems in the 4th quarter valued at $55,443,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

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.