Cadence Design Systems (NASDAQ:CDNS) CEO Anirudh Devgan Sells 25,005 Shares

Cadence Design Systems, Inc. (NASDAQ:CDNS) CEO Anirudh Devgan sold 25,005 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $415.00, for a total value of $10,377,075.00. Following the completion of the sale, the chief executive officer owned 253,519 shares in the company, valued at approximately $105,210,385. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anirudh Devgan also recently made the following trade(s):

• On Monday, June 1st, Anirudh Devgan sold 51,822 shares of Cadence Design Systems stock. The shares were sold at an average price of $395.00, for a total value of $20,469,690.00.
• On Friday, May 22nd, Anirudh Devgan sold 51,887 shares of Cadence Design Systems stock. The stock was sold at an average price of $370.00, for a total value of $19,198,190.00.

Cadence Design Systems Stock Performance

NASDAQ CDNS opened at $408.00 on Thursday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The stock has a market cap of $112.53 billion, a price-to-earnings ratio of 95.11, a price-to-earnings-growth ratio of 4.93 and a beta of 1.15. The business has a fifty day moving average of $328.72 and a 200-day moving average of $314.72. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. 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. As a group, analysts predict that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Cadence Design Systems News Summary

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence was highlighted as a long-term winner in the AI and semiconductor “arms race,” with a Buy rating and a $470 price target. The article pointed to 19% year-over-year Q1 revenue growth to $1.47 billion, a record $8 billion backlog, and double-digit growth across all segments, reinforcing demand visibility and the company’s competitive moat. Article: Cadence: The Silicon Arms Race Is Just Getting Started
• Positive Sentiment: Multiple recent pieces emphasized Cadence’s strong positioning in EDA software, AI-driven workflows, and expanding System Design & Analysis offerings, suggesting investors remain constructive on its growth outlook and durable pricing power. Article: Cadence Design Systems Stock: Is CDNS Underperforming the Technology Sector?
• Neutral Sentiment: Cadence also presented at the Bank of America Global Technology Conference, and Richard Gu is scheduled to present at a Nasdaq conference, events that keep the company in front of investors but did not include new operating updates. Article: Cadence Design Systems, Inc. Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: The stock has been near its 52-week high, which can signal investor confidence, but it can also make shares more sensitive to any sign of slowing momentum. Article: 1 Momentum Stock with Competitive Advantages and 2 We Brush Off
• Negative Sentiment: Recent insider sales by CEO Anirudh Devgan and VP Paul Scannell may have pressured sentiment, even though both transactions were made under pre-arranged 10b5-1 plans. Article: Insider trade details for Anirudh Devgan
• Negative Sentiment: Several headlines noted that CDNS underperformed the broader market and the technology sector recently, suggesting investors may be taking profits after a strong run-up in the shares. Article: Here’s Why Cadence Design Systems (CDNS) Fell More Than Broader Market

Analyst Upgrades and Downgrades

CDNS has been the subject of several analyst reports. Berenberg Bank set a $440.00 target price on Cadence Design Systems in a research note on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Citigroup upped their target price on Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Robert W. Baird upped their target price on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Finally, Piper Sandler upped their target price on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $384.41.

Institutional Investors Weigh In On Cadence Design Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Peterson Wealth Services boosted its position in shares of Cadence Design Systems by 1,501.3% in the third quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock worth $65,726,000 after buying an additional 175,430 shares during the period. Sun Financial Inc purchased a new stake in shares of Cadence Design Systems in the fourth quarter worth about $1,225,000. Thrivent Financial for Lutherans lifted its stake in shares of Cadence Design Systems by 301.9% in the third quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker’s stock worth $17,563,000 after acquiring an additional 37,558 shares in the last quarter. MUFG Securities EMEA plc raised its stake in Cadence Design Systems by 113.9% during the fourth quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock valued at $3,488,000 after buying an additional 5,943 shares in the last quarter. Finally, DDD Partners LLC raised its stake in Cadence Design Systems by 27.4% during the fourth quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock valued at $13,118,000 after buying an additional 9,024 shares in the last quarter. Hedge funds and other 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.