Rep. Kevin Hern Sells Off Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Cadence Design Systems, Inc. (NASDAQ:CDNS). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $15,001 and $50,000 in Cadence Design Systems stock on September 2nd. The trade occurred in the Representative’s “HERN FAMILY FOUNDATION” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of CenterPoint Energy (NYSE:CNP) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.

Cadence Design Systems Trading Down 1.7%

Shares of Cadence Design Systems stock traded down $5.45 on Tuesday, reaching $321.25. 1,105,765 shares of the company’s stock were exchanged, compared to its average volume of 2,458,721. The firm’s 50-day moving average is $317.57 and its two-hundred day moving average is $333.80. The company has a market capitalization of $88.47 billion, a P/E ratio of 63.75, a price-to-earnings-growth ratio of 3.50 and a beta of 1.14. 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, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 earnings per share. 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. Sell-side analysts predict that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

Institutional Trading of Cadence Design Systems

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Cadence Design Systems in the fourth quarter valued at approximately $1,352,922,000. J. Stern & Co. LLP boosted its holdings in Cadence Design Systems by 10,159.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock valued at $923,129,000 after acquiring an additional 2,924,470 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Cadence Design Systems in the 2nd quarter valued at $702,615,000. Jupiter Topco LLC bought a new stake in Cadence Design Systems during the second quarter valued at $688,746,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Cadence Design Systems in the 2nd quarter valued at about $607,350,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CDNS. Morgan Stanley restated an “overweight” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Oppenheimer reissued a “market perform” rating and set a $300.00 target price on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Weiss Ratings cut shares of Cadence Design Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Stifel Nicolaus raised their price target on Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Citigroup raised their price target on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $403.88.

Insider Activity at Cadence Design Systems

In related news, VP Paul Scannell sold 280 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total transaction of $94,920.00. Following the transaction, the vice president directly owned 31,720 shares of the company’s stock, valued at $10,753,080. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal 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. Also, Director Ita Brennan sold 180 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $285.51, for a total transaction of $51,391.80. Following the transaction, the director directly owned 7,824 shares in the company, valued at $2,233,830.24. This trade represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 5,710 shares of company stock worth $1,748,292. 0.49% of the stock is owned by insiders.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.