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

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $324.13, for a total value of $648,260.00. Following the completion of the transaction, the vice president directly owned 119,612 shares of the company’s stock, valued at $38,769,837.56. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 15th, Paul Cunningham sold 2,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $277.12, for a total transaction of $554,240.00.
• On Monday, August 17th, Paul Cunningham sold 2,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $323.32, for a total transaction of $646,640.00.

Cadence Design Systems Price Performance

Shares of CDNS stock traded down $4.87 during trading hours on Friday, reaching $319.51. The company’s stock had a trading volume of 2,501,447 shares, compared to its average volume of 2,424,676. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The firm’s 50 day simple moving average is $318.85 and its 200-day simple moving average is $338.84. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $87.99 billion, a price-to-earnings ratio of 63.52, a PEG ratio of 3.47 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The business’s quarterly revenue was up 24.2% on a year-over-year basis. 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 forecast that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CDNS shares. KeyCorp reissued an “overweight” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Robert W. Baird lifted their target price on Cadence Design Systems from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $420.00 price target (up from $400.00) on shares of Cadence Design Systems in a research report on Wednesday, October 7th. Oppenheimer restated a “market perform” rating and set a $300.00 target price (up from $275.00) on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Finally, Benchmark reaffirmed a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and an average target price of $404.14.

Institutional Investors Weigh In On Cadence Design Systems

Institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Cadence Design Systems by 3.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,033 shares of the software maker’s stock worth $287,000 after acquiring an additional 31 shares in the last quarter. Westfuller Advisors LLC lifted its position in shares of Cadence Design Systems by 8.2% during the first quarter. Westfuller Advisors LLC now owns 408 shares of the software maker’s stock valued at $113,000 after purchasing an additional 31 shares in the last quarter. Cornerstone Planning Group LLC grew its position in Cadence Design Systems by 32.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 132 shares of the software maker’s stock worth $37,000 after purchasing an additional 32 shares in the last quarter. KCM Investment Advisors LLC grew its position in Cadence Design Systems by 0.4% in the 1st quarter. KCM Investment Advisors LLC now owns 8,013 shares of the software maker’s stock worth $2,227,000 after purchasing an additional 32 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in Cadence Design Systems by 2.6% in the 2nd quarter. Fulton Bank N.A. now owns 1,296 shares of the software maker’s stock valued at $486,000 after buying an additional 33 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

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.