Paul Cunningham Sells 1,000 Shares of Cadence Design Systems (NASDAQ:CDNS) Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total value of $280,190.00. Following the transaction, the vice president owned 128,586 shares of the company’s stock, valued at $36,028,511.34. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 Monday, March 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00.
• On Monday, February 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $295.09, for a total transaction of $295,090.00.

Cadence Design Systems Price Performance

Shares of NASDAQ CDNS opened at $278.72 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. The firm’s 50-day moving average price is $291.71 and its 200-day moving average price is $315.07. The stock has a market capitalization of $76.95 billion, a price-to-earnings ratio of 68.65, a P/E/G ratio of 3.35 and a beta of 1.04.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. 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. On average, equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Cadence Design Systems by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 27,231,070 shares of the software maker’s stock valued at $8,511,888,000 after buying an additional 307,753 shares during the period. State Street Corp raised its stake in Cadence Design Systems by 1.1% in the fourth quarter. State Street Corp now owns 12,603,368 shares of the software maker’s stock worth $3,939,561,000 after buying an additional 135,206 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cadence Design Systems by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 7,627,272 shares of the software maker’s stock worth $2,378,707,000 after buying an additional 92,152 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Cadence Design Systems by 16.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock worth $1,866,739,000 after buying an additional 731,788 shares during the period. Finally, Norges Bank bought a new stake in Cadence Design Systems during the 4th quarter valued at $1,352,922,000. 84.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CDNS has been the topic of several recent analyst reports. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Needham & Company LLC reissued a “buy” rating and issued a $390.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Piper Sandler reduced their price target on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Finally, Morgan Stanley dropped their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $376.50.

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.