Cadence Design Systems (NASDAQ:CDNS) VP Paul Cunningham Sells 2,000 Shares of Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $323.32, for a total transaction of $646,640.00. Following the completion of the sale, the vice president directly owned 124,586 shares in the company, valued at $40,281,145.52. This trade represents a 1.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Cunningham also recently made the following trade(s):

• On Monday, June 15th, Paul Cunningham sold 2,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $391.00, for a total transaction of $782,000.00.

Cadence Design Systems Stock Down 0.5%

Shares of CDNS opened at $314.98 on Thursday. The business’s fifty day moving average price is $356.42 and its two-hundred day moving average price is $331.22. The firm has a market capitalization of $86.74 billion, a price-to-earnings ratio of 62.62, a PEG ratio of 3.40 and a beta of 1.15. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company posted $1.65 EPS. The company’s revenue was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. On average, analysts predict that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

CDNS has been the topic of several recent research reports. Benchmark restated a “buy” rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Berenberg Bank set a $440.00 target price on Cadence Design Systems in a research note on Wednesday, May 27th. Rosenblatt Securities boosted their target price on Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Bank of America upped their price target on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $405.69.

Institutional Investors Weigh In On Cadence Design Systems

Large investors have recently modified their holdings of the business. Avalon Trust Co bought a new stake in Cadence Design Systems during the 2nd quarter worth approximately $30,000. Fiduciary Financial Advisors bought a new stake in shares of Cadence Design Systems during the second quarter worth $31,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cadence Design Systems during the fourth quarter worth $28,000. Arlington Trust Co LLC raised its holdings in shares of Cadence Design Systems by 154.3% during the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock worth $33,000 after acquiring an additional 54 shares during the period. Finally, Imprint Wealth LLC bought a new stake in Cadence Design Systems in the 3rd quarter valued at $31,000. 84.85% of the stock is currently owned by institutional investors.

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.