Cadence Design Systems, Inc. (NASDAQ:CDNS) Given Consensus Rating of “Moderate Buy” by Brokerages

Cadence Design Systems, Inc. (NASDAQ:CDNS) has been assigned an average rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $376.50.

Several equities analysts have commented on the stock. Morgan Stanley dropped their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research note on Thursday, February 26th. Wells Fargo & Company decreased their target price on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Needham & Company LLC reissued a “buy” rating and set a $390.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Finally, Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a report on Wednesday, February 18th.

Insider Transactions at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred 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 completion of the transaction, the director owned 7,470 shares in the company, valued at $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the transaction, the vice president owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This trade represents a 1.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,185 shares of company stock valued at $647,538. Corporate insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On Cadence Design Systems

Several institutional investors have recently modified their holdings of the company. Peterson Wealth Services lifted its position in 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 valued at $65,726,000 after acquiring an additional 175,430 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Cadence Design Systems by 83.3% in the third quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker’s stock valued at $64,052,000 after acquiring an additional 82,856 shares during the period. Stanley Laman Group Ltd. purchased a new position in shares of Cadence Design Systems during the third quarter worth approximately $6,177,000. Patton Fund Management Inc. grew its position in shares of Cadence Design Systems by 1,743.7% during the third quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker’s stock worth $4,916,000 after acquiring an additional 13,235 shares during the last quarter. Finally, Nvwm LLC increased its holdings in shares of Cadence Design Systems by 102.0% in the 3rd quarter. Nvwm LLC now owns 10,028 shares of the software maker’s stock valued at $3,522,000 after acquiring an additional 5,064 shares during the period. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Stock Down 0.5%

Shares of NASDAQ:CDNS opened at $278.72 on Friday. The firm has a market capitalization of $76.95 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 3.37 and a beta of 1.04. Cadence Design Systems has a 1 year low of $221.56 and a 1 year high of $376.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The firm’s 50-day moving average is $292.51 and its two-hundred day moving average is $315.81.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $1.88 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. 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. Analysts predict that Cadence Design Systems will post 5.41 EPS for the current year.

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.