Ita Brennan Sells 180 Shares of Cadence Design Systems (NASDAQ:CDNS) Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) Director Ita Brennan sold 180 shares of Cadence Design Systems stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the transaction, the director directly owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Cadence Design Systems Stock Down 0.8%

CDNS opened at $287.40 on Friday. The firm has a market cap of $78.36 billion, a price-to-earnings ratio of 70.79, a PEG ratio of 3.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The firm’s 50-day simple moving average is $300.11 and its 200-day simple moving average is $320.66. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $1.88 EPS. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $390.00 target price on shares of Cadence Design Systems in a report on Wednesday, February 18th. Wells Fargo & Company decreased their price objective on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Piper Sandler decreased their price target on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research report on Thursday, February 26th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average price target of $376.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd bought a new position in Cadence Design Systems in the third quarter valued at approximately $26,000. Caitlin John LLC bought a new position in shares of Cadence Design Systems in the 3rd quarter worth $29,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cadence Design Systems during the fourth quarter worth $28,000. Imprint Wealth LLC acquired a new stake in shares of Cadence Design Systems during the third quarter worth $31,000. Finally, Swiss RE Ltd. bought a new stake in Cadence Design Systems in the fourth quarter valued at about $29,000. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Company Profile

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.